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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.
LT0002259
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 4.82 ha | 4.82 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 58,249.00 € | 88,816.00 € |
| Net profit | -34,483.00 € | 10,984.00 € |
| Equity ratio | 88.44% | - |
Documents
Payment schedule
With this project, we invite you to invest in beekeeping activities. The farmer has been working in the agricultural sector since 2011. Currently, he has 4.82 ha bee farm in Kedainiai district, all the land, according to the farmer, is his own.
The farmer is a beekeeper, raises 450 families of bees and additionally engages in tourism and renting a building at address Senoji g. 9, Kėdainiai (the tenant is the Lithuanian Agricultural Advisory Service). The above mentioned building with land is used as a pledge to secure this loan with total value standing at 149 902 EUR.
All the necessary equipment is used in economic activities and one hired employee works constantly.
This is farmer's first loan on a HeavyFinance platform. He is asking for a loan to buy the all-terrain vehicle that will be used in the farm and tourism sector.
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.