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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.
LT0000908
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 63.92 ha | 35.04 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 35,420.00 € | 27,260.00 € |
| Net profit | 14,418.00 € | 10,007.00 € |
| Equity ratio | 61.36% | - |
Documents
Payment schedule
This project provides you with an opportunity to invest in the development of a mixed farm that has been in operation for over 12 years.
The total declared farmland is about 64 hectares. 36 hectares are allocated for crop production where winter wheat, oats, barley, and buckwheat are sown, while the rest is dedicated to raising 25 head of Simentalai beef cattle.
The farm is well-equipped with all necessary machinery such as a tractor, a trailer, a hay baler, a sowing machine, a plough and other small implements. The project owner runs the farm with help from his father who has declared a separate farm with a land area of about 120 hectares.
This year, the farmer started to use an organic farming approach, in which the livestock farm was purchased on this basis. Next on the roadmap, the project owner plans to expand the beef cattle farm to 60 head within two years. To achieve the goal, he is seeking to borrow 20 000 € from the HeavyFinance investor community. The load will be secured by a first-hand mortgage on a 12,99 ha land plot in the Klemės district.
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.