Create an account to make your first investment in only few steps!
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.
LT0001956
| Project owner | Address |
|---|---|
| Karolis Šmigelskis | Kėdainių r., Keleriškiai, Pakalnučių g. 4 |
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 188.68 ha | 60.19 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 283,161.00 € | 303,167.00 € |
| Net profit | 19,155.00 € | 83,291.00 € |
| Equity ratio | 5.33% | - |
Documents
Payment schedule
We invite HeavyFinance community to invest in a loan for the farm in Kėdainiai District that was established in 2007. The farmer has been continuously investing in long-term leases of agricultural land and the acquisition of heavy machinery. Currently, the farmer declares 188,68 ha of arable land, of which 60,19 ha is owned.
The project owner, who grows oilseed rape, wheat, barley and sugar beet, uses sustainable farming practices.
In addition to several tractors, he owns a self-propelled sprayer, a combine harvester, a truck with a semi-trailer for transporting grain, a grain drill and other necessary tillage and storage equipment. Some of the machinery was purchased under NMA projects.
The farmer applied to the HeavyFinance platform for a loan to increase his working capital. These funds will be used to conclude long-term land lease contracts. The loan will be secured by 2 plots of land 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.