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.

LT0002147

Goal
5,000 €
Raised
5,000 €
100%
Return rate
14%

Rating
B+

Period
38

Time left

LTV
-

Country
Lithuania

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxxxxx
Xxxxxų x. Xxxxxxxxšxxx xxx., Xxxxx xx., Xxėxxx x 23
header_1 Declared Owned
Farming land56.49 ha7.00 ha
20232022
Revenue 51,657.00 € 50,176.00 €
Net profit 21,005.00 € 20,880.00 €
Equity ratio 60.28% -
Total value of pledged assets

0.00 €

Personal liabilityPersonal liability of the project owner-0.00 €-
Read more about security measures here.
Loan number Project goal Outstanding principal Paid interest Status
LT00021475,000.00 €5,000.00 €0.00 €Active
LT000022843,500.00 €0.00 €6,576.26 €Repaid
LT00004398,000.00 €0.00 €1,931.16 €Repaid
LT000044615,000.00 €0.00 €3,236.82 €Repaid
LT000194043,000.00 €43,000.00 €1,892.16 €Active
Project description
Documents
Payment schedule

To help a farmer collect funds faster, we offer you to earn even more. When investing, use the promo code heavy2147 and get 2.00% cashback.

HeavyFinance invites you to invest in a loan for a cereal farm. The farmer, who has been working in the agricultural sector since 2014, currently manages a 56.49 ha cereal farm in Prienai district. The project owner's father also owns a nearby farm and together they run two farms with a total area of 270 ha.

He grows wheat, triticale, beans and peas. 

The existing fleet of machinery is used on both farms and includes a combine harvester, a sprayer, three tractors and other necessary equipment.

This is farmer's fifth loan on a HeavyFinance platform. Three of them are already fully repaid. The farmer makes payments in timely manner.

This time he's asking HeavyFinance community for a loan to increase working capital and help to prepare for the season.



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.