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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.
LT0002167
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 141.49 ha | 3.30 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 147,157.00 € | 159,531.00 € |
| Net profit | 44,290.00 € | 173,968.00 € |
| Equity ratio | 50.79% | - |
Documents
Payment schedule
HeavyFinance invites you to invest in a loan for the farm that was established in 2017. During this time, the farm has expanded to 141 hectares of land, of which 3.3 hectares are privately owned, with the remaining land being leased.
This organic purebred Angus beef farm currently has over 100 cattle. The projected revenue for 2024 is expected to grow due to the direct farm activity of selling weaned offspring. The planned number of weaned calves for sale is 100, at €950 each (95.000 €). Additionally, about €10,000 in revenue is expected from providing agricultural services to neighboring farms.
This year, by increasing the declared land area to 140 hectares, the farm anticipates receiving over €50,000 in income from direct payments. Expected total turnover during 2024 should be over 150.000 €.
The loan funds will be used for working capital expenses until the main sales and payments are received, such as covering the costs of fuel and other related expenses for feed preparation.
This is the farmer's fourth project with Heavy Finance, of which two loans have been fully repaid. The farmer makes payments in timely manner.
This is short term loan, the interest will be paid at the end of 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.