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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.
LT0001974
| Project owner | Address |
|---|---|
| Bronius Sliekas | Kupiškio r., Kupiškio sav., Laičių km. |
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 294.40 ha | 260.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 158,347.00 € | 284,254.00 € |
| Net profit | 34,504.00 € | 65,986.00 € |
| Equity ratio | 52.77% | - |
Documents
Payment schedule
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In year 2001, a grain farm was set up by the project owner in the Kupiškis district, growing wheat, rapeseed and other crops. The farm consists of 294,40 hectares of arable land, of which 260 ha are owned by the farmer.
The farm's machinery fleet consists of a combine harvester, two tractors, a sowing machine, a sprayer, a trailer and other tillage equipment. The farmer cultivates the land in a no-till farming method.
The farmer has applied for a HeavyFinance Community Loan, which he will use to purchase additional machinery. As collateral for the loan, he is pledging the land he owns.
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.