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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.
LT0002078
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 38.58 ha | 13.03 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 23,611.83 € | 23,658.07 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
A farmer in the Varėna district, he is currently successfully farming 38 ha of land, of which 13 ha are his own. The farm grows wheat and potatoes and has plans to increase the size of the farm and acquire more land.
Most of the harvest is sold to AB Kauno Grains and the farmer also sells at the local market. The farm is family run, with its own equipment: 2 tractors, a combine harvester and other necessary equipment to ensure efficient management of the fields and a high quality of the harvest.
It is important to underline that the farmer is a reliable and long-term member of the HeavyFinance community, distinguished by his strong payment discipline.
The farm is currently borrowing to increase its working capital. Join us to help further develop this promising farm while ensuring its growth and development.
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.