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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.
LT0001829
| Project owner | Address |
|---|---|
| Vladas Gricius | Skuodo r. Ylakių sen., Baltrimai, Pamiškės g 43 |
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 126.00 ha | 37.66 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 177,059.00 € | 223,522.00 € |
| Net profit | 16,813.00 € | -99.00 € |
| Equity ratio | 34.17% | - |
Documents
Payment schedule
We invite HeavyFinance community to invest in a loan for a mixed farm. The farm, that grows cereal and has cattle, has been operating in Skuodas District since 2000. The farmer currently declares 126 ha of arable land, of which 37,66 ha is owned. Farmer together with his family controls around 300 ha.
The farm does not employ any workers, as the family members are sufficient.
The farm has a combine harvester, a tractor and other necessary implements to work the land.
This is farmer's first loan on HeavyFinance platform. The farmer is asking HeavyFinance community for a loan to increase the working capital. It will be used to expand the farm. The loan will be secured by the land plot owned by the farmer.
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.