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.
LT0001821
Project owner | Address |
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Rolandas Juškys | Jurbarko r., Raudonės sen., Kybartai, Stakių g. 38 |
header_1 | Declared | Owned |
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Farming land | 234.54 ha | 70.00 ha |
2022 | 2021 | |
---|---|---|
Revenue | 311,411.00 € | 227,394.00 € |
Net profit | 61,246.00 € | 25,876.00 € |
Equity ratio | 38.01% | - |
HeavyFinance provides you an opportunity to invest in a loan for a cereal farm in Jurbarkas District. The farmer has been farming since 2004. The farmer's holdings comprise 234,54 ha of arable land, of which 70 ha belong to the farmer himself.
The farmer grows wheat, rapeseed and other crops.
The farmer's machinery fleet consists of two combine harvesters, three tractors and all other cultivation equipment. The farmer has been cultivating the land for about three years using modern no-till farming technology and last year he even bought a no-till drill.
It's not the first farmer's loan on HeavyFinance platform. Payments are made on time. Now the farmer has applied to the HeavyFinance community for a loan to increase his working capital, which will be used to buy fuel for the next season. The farmer is pledging three plots of land as collateral.
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.