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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.
LT0002216
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 156.10 ha | 156.10 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 54,958.00 € | 105,255.00 € |
| Net profit | 13,068.00 € | 2,438.00 € |
| Equity ratio | 43.01% | - |
Documents
Payment schedule
This project provides HeavyFinance investors with the opportunity to invest in the growth of Lithuanian organic farm. The businesswoman now successfully manages a 156,10 ha organic farm in the Anykščiai district. 95 ha of farmland is covered by organic crops, and the rest is wooded areas and meadows, where beef cattle graze. The businesswoman farms with other family members, and together the family manages about 900 hectares, of which 640 ha are owned, where only organic products are grown.
The farm's technical fleet consists of a combine harvester, a tractor, and a trailer for transporting grain.
The development-oriented farmer is now borrowing 15 000 € to prepare for next season.
For additional security her son will provide guarantee for this project. Her son is also a farmer who works close to 300 ha of ecological farm with over 500k € turnover, close to 150k € net profit and close to 30% equity ratio (calculated rating B+).
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.