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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.
LT0002202
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 95.13 ha | 40.29 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 186,153.00 € | 131,539.00 € |
| Net profit | 9,405.00 € | 24,973.00 € |
| Equity ratio | 7.42% | - |
Documents
Payment schedule
Since 2003, Šakiai District has been home to a crop farm growing wheat, oilseed rape and other crops. Declared area of farmland is 95.13 ha, of which 40.29 ha belong to the farmer.
The farm's fleet of heavy machinery consists of a tractor, a combine harvester and other small agricultural implements. The farm works the land using no-till farming technology.
This is not the first loan of the project owner on the HeavyFinance platform - she has fully repaid two loans and has 3 active loans that are being paid on time. The farmer has applied for a loan which will be used to cover existing short-term liabilities to suppliers, and she is pledging a tractor she owns as collateral for 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.