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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.
LT0002213
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 63.39 ha | 7.33 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 20,990.20 € | 1,675.27 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
Since childhood, customer have worked on his grandparents' and later his parents' farm. After inheriting the homestead, customer decided to develop his own farm, utilizing the knowledge he already had and continuously improving and enhancing his skills in this interesting yet challenging business. Consequently, at the beginning of 2022, customer registered his farm. Initially, businessman intended to create a mixed farm, but after assessing financial capabilities and considering geopolitical and other risks, farmer decided to focus on crop farming. However, the benefits and prospects of livestock farming are also evident, so with strengthened financial and technical resources, it would be possible to profitably engage in this area as well.
The farm primarily grows barley, oats, and wheat. It manages over 60 hectares of land, and currently, negotiations are underway for the acquisition of additional plots. The money is needed to prepare for the next 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.