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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.
LT0002153
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 146.89 ha | 97.50 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 203,221.00 € | 176,178.00 € |
| Net profit | 37,555.00 € | 81,507.00 € |
| Equity ratio | 37.78% | - |
Documents
Payment schedule
With this project, we invite HeavyFinance community to invest in a loan for a crop farm in Biržai District. The owner of the project, who has many years of experience, declares 146,89 ha of land, of which 97,5 ha are owned.
The farm used to be a mixed farm, with dairy and beef cattle, but with the drop in farm gate prices, the farmer decided to focus only on crop production.
The farmer currently grows oilseed rape, barley and wheat. The harvest is mainly sold to the Linas Agro group.
The project owner runs the business with the help of his family members. He claims that he is well equipped with the machinery needed to maintain the farm, which consists of two tractors, a combine harvester, a sowing machine, trailers and other necessary implements.
This is farmer's seventh loan on a HeavyFinance platform, three of them are already fully repaid. Payments are made on time. The farmer is asking for an additional EUR 8500 loan from the HeavyFinance investor community to increase working capital.
This is a short term loan, the interest will be paid at the end of the loan.
Minimum loan term: 0 months
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.