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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.
LT0001879
| Project owner | Address |
|---|---|
| Alvydas Ilickas, MB "Miško kertelė" | Ūlos g. 21, Mančiagirės k., Varėnos r. sav. |
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 0.00 ha | 0.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 528,230.00 € | 199,470.00 € |
| Net profit | 60,913.00 € | 36,559.00 € |
| Equity ratio | 20.63% | - |
Documents
Payment schedule
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„I work in a forest since 2008”, says the businessman, who established his own company five years ago. The firm serves private forest owners and companies, cutting around 1.000 – 1.500 cubic meters of timber with one harvester per month.
The company now asks HeavyFinance investor community for a loan of 15 000 EUR to increase their working capital.
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.