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

Goal
27,000 €
Raised
27,000 €
100%
Return rate
12%

Rating
B+

Period
23

Time left

LTV
69%

Country
Lithuania

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Rolandas Juškys Jurbarko r., Raudonės sen., Kybartai, Stakių g. 38
header_1 Declared Owned
Farming land 234.54 ha 70.00 ha
20222021
Revenue 311,411.00 € 227,394.00 €
Net profit 61,246.00 € 25,876.00 €
Equity ratio 38.01% -
Total value of pledged assets

39,130.00 €

Personal liability Personal liability of the project owner - 0.00 € Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Agricultural land Land ID 9492-0005-0066 2.60 ha 11,600.00 € Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Agricultural land Land ID 4400-3094-8679 2.04 ha 9,830.00 € Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Agricultural land Land ID 9454-0003-0012 3.29 ha 17,700.00 € Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Read more about security measures here.
Loan number Project goal Outstanding principal Paid interest Status
LT0001821 27,000.00 € 27,000.00 € 1,386.83 € Active
LT0001692 100,000.00 € 94,000.00 € 0.00 € Active
Project description
Documents
Payment schedule

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.