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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.
LT0000962
| Project owner | Address |
|---|---|
| Justinas Mikalauskas | Rokiškio dist., Panemunėlio municipal., Skiriai |
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 211.41 ha | 77.79 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 167,324.00 € | 207,394.00 € |
| Net profit | 30,825.00 € | 81,607.00 € |
| Equity ratio | 31.86% | - |
Documents
Payment schedule
The agribusinessman started his business in Rokiškis district eight years ago. Currently, he farms more than 200 hectares of crops, of which he owns 77.79 hectares.
He grows wheat, barley, rapeseed and peas. Agribusinessman farms together with his wife, bringing the total area of the family farm to 250 hectares. The entrepreneur uses a variety of his own equipment on the farm: a tractor, a sprayer bought five years ago with National Payment Agency support, a spreader and a plough.
This year, with the help of HF investors (LT0000459), he purchased a Claas LEXION 480 combine harvester for EUR 48 400, with an investment of EUR 33 880. The project owner has now approached the HF investors to help him purchase a more powerful tractor. Next year he plans to buy a grain storage silo, as he now has to sell all his crops immediately after harvest.
All payments on his current loan are made on time.
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.