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.

LT0001949

Goal
6,700 €
Raised
6,700 €
100%
Return rate
13%
Rating
B+
Period
20
Time left
LTV
-
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Mindaugas Grikšas Taikos g. 56, Laukuvos k., Šilalės raj.
header_1 Declared Owned
Farming land 22.33 ha 10.00 ha
20222021
Revenue 54,209.83 € 122,783.12 €
Net profit - -
Equity ratio - -
Total value of pledged assets

0.00 €

Personal liability Personal liability of the project owner - -
Read more about security measures here.
Loan number Project goal Outstanding principal Paid interest Status
LT0001949 6,700.00 € 6,700.00 € 144.82 € Active
LT0000356 7,000.00 € 0.00 € 585.68 € Repaid
Project description
Documents
Payment schedule
We invite you to invest in a promising beef cattle farm located in the Šilalė district.

After inheriting the family farm, the young entrepreneur is determined not only to continue the family's agricultural traditions but also to further expand the farm. The farmer is currently raising 8 beef cattle in the Šilalė district and plans to expand his herd to 23 cattle after receiving funding from the HeavyFinance investor community.

Part of the farm's 22.33 hectares is devoted to growing fodder, which includes quality cereals and potatoes. To ensure a variety of forage, the project owner buys the rest from other farmers.

The farm's machinery fleet consists of a CaseJx95 tractor, cultivators, trailers, haying equipment and other smaller agricultural equipment.

It is also important to note that the client has already benefited from the services of the HeavyFinance community. He has made regular and timely payments and successfully repaid the loan on time.

Join us in ensuring the growth and development of this farm.

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.