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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.
LT0002016
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 153.16 ha | 12.60 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 75,317.00 € | 45,511.00 € |
| Net profit | 20,952.00 € | 22,496.00 € |
| Equity ratio | 59.74% | - |
Documents
Payment schedule
A mixed farm was set up in Kelme district 10 years ago. He started farming on 3 hectares of rented land and today his farm has grown to 153,16 hectares, of which 12,6 hectares are owned.
He now grows wheat, peas and oats in a mixed farm. He keeps about 70 cattle, including 31 dairy cows. He sells his milk to the Dobilas cooperative and his cereals to UAB Agrokoncernas.
The farmer farms with his family and owns 3 tractors and smaller machinery. In his next plan, the farmer plans to increase his agricultural land area to 160 ha this year. In addition, the entrepreneur also plans to buy a tractor and a seed drill.
The farmer has approached the HeavyFinance investor society with a request for a loan for turnover.
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.