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Agriculture loan
Agriculture loans are tailored to acquire capital for various purposes such as expansion, inventory purchase, equipment acquisition, hiring staff, or to manage day-to-day operational expenses. The terms and conditions of these loans vary depending borrower's creditworthiness, collateral, repayment tenure and other factors.
LT0000776
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 160.59 ha | 7.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 51,383.00 € | 32,548.00 € |
| Net profit | 8,952.00 € | 14,303.00 € |
| Equity ratio | 23.05% | - |
Documents
Payment schedule
About the project
With this project, we invite the HeavyFinance community to invest in the expansion of Lithuanian crop farm's working capital.
A businessman, engaged in agricultural activities since 2015, currently manages over 165-hectare crop farm in the Rokiškis district.
Winter and spring wheat, rapeseeds, barley, peas are grown here on the farm. The crops are mainly sold to UAB Agrokoncernas.
Earlier this year, the project owner has expanded the farm land from 92 hectares to 165 hectares by taking over the father’s farm,
Two tractors, a loader, and other smaller pieces of equipment are used on the farm. To make the farm activities more efficient, the project owner is borrowing 15 000 € to increase the farm's working capital.
This project is not the first farmer’s loan on the HeavyFinance platform - the businessman has already fully repaid one loan and currently have another loan processing with the active balance of 48 817 €. The loan payments are made on time.
Project risks
For this project, there is a risk of losing all the profits made and the funds invested.
In this case, if the Project Owner fails to fulfill its obligations, the Platform Operator will take all necessary measures to protect the interests of investors and use the provided collateral, but the Platform Operator does not guarantee the full fulfillment of the Project Owner's obligations.
Financial agreements are not subject to the insurance protection established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.
Additional information:
If the project owner does not collect the amounts to be financed, the collected funds will be returned to the funders by transferring them to the account from which they were transferred. The Platform Operator also has the right to offer the Project Owner to reduce the amount to be financed during the Project financing term or to extend the Project financing term. In this case, if the amount to be financed is reduced or the term of financing the Project is extended, it shall in all cases be announced on the Platform and the Fund's financiers shall be informed.