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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.
LT0002009
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 208.44 ha | 12.79 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 258,734.00 € | 163,488.00 € |
| Net profit | 154,056.00 € | 65,264.00 € |
| Equity ratio | 55.39% | - |
Documents
Payment schedule
He started farming in the Varėna district in 2009, when he inherited his parents' farm of 3 ha, and today he owns around 200 ha of land. The farm is mixed: 25 beef cattle and cereals, with a mixed farm ratio of 10/90. The land in Dzūkija is not the most fertile, so they mainly grow rye, oats, buckwheat and sometimes triticale.
This is not the only source of income for the farmer, who is also involved in forestry and has set up a sole proprietorship providing services such as logging, tree planting, pruning and fuel preparation.
The farm has 4 permanent employees who work on the farm during the growing season, and to avoid having to lay off workers, they also work in logging. The farmer considers that the qualifications of the workers are adequate for both activities, i.e. operating the machinery. The farm has a new tractor and an old Belarus tractor, both of which are fully equipped with all the implements needed for cultivation: ploughs, harrows, drills, rollers, spreaders, trailers, etc., as well as two combine harvesters. The same tractors are also used for forestry, and the wood chipper purchased last year is used to prepare the shredded wood, which is loaded into crates and transported to the markets in Voivodiskes, Belgium, Holland and France.
Now farmer applies to the HeavyFinance community for a loan to be used to buy fuel.
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.