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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.
LT0000858
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 117.62 ha | 13.24 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 81,827.00 € | 41,459.00 € |
| Net profit | 60,661.00 € | 15,359.00 € |
| Equity ratio | 68.9% | - |
Documents
Payment schedule
With this project, we invite you to invest in an organic crop farm. The farmer, who has been engaged in agriculture for a decade, manages 117.69 ha of an organic grain farm in the Trakai district. Oats, buckwheat, and rye are grown here. The farmer's husband has also recently become a farmer - the total territory of the family farm is 150 hectares.
To maintain the productivity of the farm, the farmer uses a combine harvester, two tractors, ploughs, two trailers, a cultivator, and other necessary equipment. Besides, one of the tractors is purchased with the National Paying Agency support. The equipment unit was bought in instalments for five years. Payments for 80.000 € worth of machinery were always made on time, without any delays.
Now the farmer is planning to borrow 20 000 € to increase working capital. The loan is back by a tractor
This is the second project on HeavyFinance platform, the active balance of the existing loan is 10 000 €. The payments have been made on time with no delays.
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.