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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.
LT0002192
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 78.02 ha | 11.51 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 234,286.00 € | 655,865.00 € |
| Net profit | 6,318.00 € | 176,230.00 € |
| Equity ratio | -4.16% | - |
Documents
Payment schedule
HeavyFinance invites you to invest in a loan for a farm in Pasvalys district. The farmer has been farming since 2012, when her parents gave her farmland as a gift.
Now she keeps around 400 cattle. To feed her herd, she works on more than 78 hectares of land where she grows maize, grassland and cereals.
All the milk that is produced on a farm is sold to AB Pieno žvaigždės, one of Lithuania's largest milk processing companies.
She works on the farm together with her family members and hires additional staff when needed.
Together with her brother, she owns a telehandler, a tractor, a combine harvester and other necessary small machinery.
The farmer is asking HeavyFinance community for a loan that will be used to refinance the active loans. The loan will be secured by 11.51 ha plot of land owned by the farmer.
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.