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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.

LT0000864

Goal

15,000 €

Raised

15,000 €

Return rate

12%

Rating

B+

Period

Time left

LTV

Country

Lithuania

Loan purpose

Working capital

Business information

Security measures

Loan history

Project owner	Address
Xxxx Šxxxxxxxė	Xxxxxxx x., Xūxxxxų x., Xxxxxx x.

header_1	Declared	Owned
Farming land	79.56 ha	32.00 ha

	2021	2020
Revenue	123,828.00 €	128,260.00 €
Net profit	35,582.00 €	55,607.00 €
Equity ratio	41.34%	-

Project description

Documents

Payment schedule

The woman who took over her parents' farm, and started farming in 2018. The farm grows wheat and barley, and all the crops are fed to the cows.

Currently, there are 40 cows on the farm, which she plans to increase to 59 during this year.

She works together with her husband and employs three additional workers. The farm uses a sowing machine, a baler, a slurry wagon and other small machinery.

This is her second project on the HeavyFinance platform. She previously borrowed 99 099 € (LT0000784), the project is currently in the documentation process.

The aim of the project is to borrow 15 000 € to increase working capital.

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.