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.

LT0000840

Goal
30,900 €
Raised
30,900 €
100%
Return rate
From 10.1%
Rating
A
Period
29
Time left
LTV
70%
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxxxxxx Xxxxxxxxxxx
Xxxxxxėx xxxx., Xxxxxxx, Xxšxxxų xx.
header_1 Declared Owned
Farming land155.91 ha29.86 ha
20212020
Revenue 129,230.00 € 140,018.00 €
Net profit 7,768.00 € 53,818.00 €
Equity ratio 13.66% -
Project description
Documents
Payment schedule
The farm located in the Ukmergė district, was established in 2013 where 155 ha of land is used to grow cereals - oats, wheat, buckwheat, peas, etc.
The farm's machinery fleet consists of two tractors, a combine harvester and other implements needed for cultivation, such as a plough, harrows, a sowing machine, a fertiliser spreader, a sprayer, trailers for transporting cereals, etc.

This is the first farmer's project on the HeavyFinance platform. The funds will be used to prepare for a proper harvest season, i.e. to buy parts and fuel, the rest amount will be used to cover the land rent.
The loan is secured by a mortgage on a tractor New Holland.

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.