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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.
LT0000918
| Project owner | Address |
|---|---|
| Danguolė Sipavičienė | Ukmergės dist., Krikštėnų vil. |
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 80.03 ha | 34.05 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 65,932.00 € | 78,544.00 € |
| Net profit | 57,642.00 € | 61,450.00 € |
| Equity ratio | 54.01% | - |
Documents
Payment schedule
A businesswoman who has been involved in organic farming for almost two decades manages an 80.03 ha livestock farm in the Ukmerge district. There she grows 55 dairy cattle of which 32 are dairy cows. Besides that there are twenty three beef cattle on the farm.
The farm is fully self-sufficient in fodder, so there is no need to purchase additional fodder. During her long farming career, the entrepreneur has managed to implement 5 farm development support projects, which included the renovation and purchase of new machinery and the construction of a livestock farm. The current fleet of farm machinery includes a combine harvester purchased with support from the National Paying Agency, a tractor, all the equipment needed for haying, a baler, a trailer, a manure spreader and a shredder.
The farm shows rapid growth this year as it already generated over 65k in revenue during the first 5 months (84% of the 2021 income). To increase the revenue of this promising year even further, the businesswoman saw a great opportunity to expand her dairy farm. The farmer now aims to borrow 35,000 € to set up a cow farm, and plans to buy 10 dairy cows this year due to the increase in milk prices.
This is her 4th project on the HeavyFinance platform with a current loan balance of 92 410 €. The payments have been made on time with no arrears to date.
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.