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.

LT0002128

Goal
20,000 €
Raised
0 €
0%
Return rate
13%

Rating
B

Period
40

Time left

LTV
90%

Country
Lithuania

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Xxxxxxx Xxxxxūxxx
Xščxxxxxxų x. 6, Xščxxxxxxų x., Xxxxxėžxx x.
header_1 Declared Owned
Farming land63.39 ha7.33 ha
20232022
Revenue 20,990.20 € 1,675.27 €
Net profit - -
Equity ratio - -
Total value of pledged assets

22,272.00 €

Agricultural land4400-1545-35753.79 ha12,500.00 €Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Residential building6692-0013-20171.00 €Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Warehouse6692-0013-20281.00 €Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Warehouse6692-0013-20391.00 €Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Warehouse6692-0013-20421.00 €Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Warehouse6692-0013-20561.00 €Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Warehouse6692-0013-20601.00 €Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Warehouse6692-0013-20711.00 €Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Agricultural land6681-0004-00142.53 ha5,670.00 €Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Residential building4400-0721-60421.00 €Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Warehouse4400-0721-60641.00 €Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Warehouse4400-0721-61421.00 €Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Warehouse4400-0721-61751.00 €Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Warehouse4400-0721-61861.00 €Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Agricultural land6622-0002-01030.40 ha1,590.00 €Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Agricultural land6622-0002-01040.60 ha2,500.00 €Based on the average prices presented by Central Statistical Office and the Agency for Restructuring and Modernization of Agriculture
Personal liabilityPersonal liability of the project owner--
Read more about security measures here.
Loan number Project goal Outstanding principal Paid interest Status
LT000212820,000.00 €20,000.00 €0.00 €loan_history_status_CANCELLED
LT00022136,600.00 €6,600.00 €0.00 €Active
Project description
Documents
Payment schedule

Since childhood, farmer have worked on his grandparents' and his parents' farms. After inheriting the homestead, customer decided to develop his own farm, utilizing the knowledge he already had and continuously improving and enhancing his skills in this interesting yet challenging business. Consequently, at the beginning of 2022, customer registered his farm. Initially, businessman intended to create a mixed farm, but after assessing financial capabilities and considering geopolitical and other risks, farmer decided to focus on crop farming. However, the benefits and prospects of livestock farming are also evident, so with strengthened financial and technical resources, it would be possible to profitably engage in this area as well.

The farm primarily grows barley, oats, and wheat. It manages over 60 hectares of land, and currently, negotiations are underway for the acquisition of additional plots. To reduce the cost of production, minimize the risks of losses, and increase profitability, additional funds are needed. This would improve the infrastructure (acquiring agricultural machinery and equipment, fertilizers, renovating premises adapted for farm needs, and implementing new, innovative, more environmentally friendly measures, which would also help improve the farm's financial situation). As a result, more work could be done, and it is likely that farmer could provide additional services to other farms.

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.