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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.
LT0002240
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 116.76 ha | 6.90 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 71,935.00 € | 84,520.60 € |
| Net profit | 9,721.00 € | - |
| Equity ratio | 3.12% | - |
Documents
Payment schedule
We invite HeavyFinance community to invest in a loan for a farm in Kaišiadorys district. The farm was registered in 2017 and taken over from the grandfather of the project owner. It was originally founded in 2012.
The farmer works together with his brother and they are slowly expanding. The farm specialises in cereals: oilseed rape, wheat, triticale and spring wheat. Since this year, he and his brother have been sowing winter barley, with plans to sow peas and oats in the spring.
So far, he has cultivated 61.82 ha of land, of which 6.9 ha is his own, but this autumn together with his brother sowed about 116 ha of rented land, bringing the total farm to 140 ha. They have 55 ha of winter wheat, 36 ha of winter rape, 12.9 ha of winter barley, 14.5 ha of winter triticale and some other crops.
The farm has 4 tractors, a very old combine harvester and, more recently, a tonne sprayer.
The farmer already has one loan on the HeavyFinance platform, payments are made in a timely manner. Now the farmer is asking for a loan to buy a combine harvester. The loan will be secured by the land plot 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.