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.

LT0000836

Goal
15,000 €
Raised
15,000 €
100%
Return rate
10%
Rating
A+
Period
17
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxxxx Xxxxxxx
Xxxxxxxšxxx xxxx., Xxxxxx xxx.
header_1 Declared Owned
Farming land58.15 ha58.15 ha
20212020
Revenue 96,611.00 € 75,269.00 €
Net profit 48,426.00 € 30,354.00 €
Equity ratio 82.61% -
Project description
Documents
Payment schedule
The currant farm in the Rokiškis district was established in 2001. The ecological farm grows currants on 58 hectares, in which all land is owned.

The farm uses 5 tractors, a combine harvester and other small implements.  Next year, he has a plan to increase the farm's productivity by adding a self-propelled combine harvester to his farm technical fleet.

This is the farmer's first project on the HeavyFinance platform. The farmer aims to borrow 15 000 EUR for working capital. The funds receive will help him prepare for the berry-picking season.



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.