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Agriculture loan
+State guarantee
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.
LT0000891
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 72.46 ha | 26.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 42,829.00 € | 42,864.00 € |
| Net profit | 22,252.00 € | 22,048.00 € |
| Equity ratio | 34.7% | - |
Documents
Payment schedule
The entrepreneur set up the farm in 2013 and has been continuously investing in long-term renting of farmland and the acquisition of heavy machinery.
The entrepreneur now declares over 72 ha of farmland and plans to expand his farm territory to surrounding areas.
The farmer has turned towards more sustainable means of agriculture, and today he cultivates ecological grains which include wheat, oats, and buckwheat in the Švenčionių district.
His grain productions are mainly sold to UAB Organicagro, UAB Skandagra, UAB Agrokoncernas.
Currently, the farmer is working full-time on his farm. In addition to a tractor, telescopic loader, shaver and other small pieces of equipment, he plans to acquire a combine harvester Vector 420
The loan is secured by a mortgage on the combine harvester to be purchased. The loan is guaranteed by a 80% individual guarantee provided by the State-owned National Development Institution, UAB Agricultural Loan Guarantee Fund (ALGF).
The guarantees provided by the EAGGF ensure that if the borrowing business or farm is unable to meet its financial obligations, up to 80% of the arrears will be covered by the state-guaranteed guarantee institution, EAGGF.
Read more about individual guarantees and the additional protection they offer to investors in our news section.
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.