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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.
LT0002025
| Project owner | Address |
|---|---|
| Vladas Riekašius | Rietavo sav., Rietavo sen., Pajūris4-2 |
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 135.98 ha | 69.38 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 121,727.00 € | 123,237.00 € |
| Net profit | 2,826.00 € | 26,004.00 € |
| Equity ratio | 65% | - |
Documents
Payment schedule
HeavyFinance offers the opportunity to invest in a loan for a mixed farm in the Rietavas district. The farmer has been developing his agricultural business for 15 years. Currently, the farmer declares 135.98 ha of cultivated land, of which 69.38 ha is owned.
The farmer keeps 150 beef cattle and grows wheat, oats and barley. Part of the grain is used for cattle feed.
The farm's machinery fleet currently consists of three tractors, a combine harvester, a plough, a grain dryer and other necessary smaller machinery.
This is the third farmer's loan on the HeavyFinance platform. The payments are made on time. Now the farmer is asking HeavyFinance community for a loan, that will be used to increase his working capital.
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.