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.
LT0002089
Project owner | Address |
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header_1 | Declared | Owned |
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Dirbama žemė | 117.61 ha | 60.00 ha |
2023 | 2022 | |
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Revenue | 52,921.00 € | 119,138.00 € |
Net profit | 10,056.00 € | 14,064.00 € |
Equity ratio | 63.58% | - |
HeavyFinance invites you to invest in a loan for a mixed farm in Rietavas District. In 2010 farmer inherited 15 ha of land from her parents. Today the farmer declares 117,61 ha of land, of which 60 ha is owned.
The farmer grows wheat, oats and other cereal crops. She also raises 87 sheep and 43 beef cattle. She plans to increase the number of sheep and cattle on the farm in the future.
The crops are sold to UAB Agrokoncernas and cattle are sold to UAB Krekenavos agrofirma.
The farmer works together with her family members to maintain the farm. She owns 3 tractors, 2 combine harvesters and other necessary smaller machinery.
This is farmer's third loan on a HeavyFinance platform. First loan is already fully repaid. The second loan has an active balance of 15 000 EUR.
Now, she is looking for working capital to cover operating expenses, she is pledging 9,99 ha of land (3 plots) as collateral to secure the loan. Moreover, her husband is also providing his personal guarantee as an extra measure to secure the loan.
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.