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.

LT0002263

Goal
16,000 €
Raised
16,000 €
100%
Return rate
10.5%
Rating
A
Period
36
Time left
LTV
100%
Country
Lithuania
Loan purpose
Land purchase
Business information
Security measures
Loan history
Project owner Address
Xxxxxxx Xxxxxxxxxčxxx
Xxxxxxxšxxų x., Xxxxxų xxx., Xxxxxų xxxxxx xxx.
header_1 Declared Owned
Farming land162.20 ha60.00 ha
20232022
Revenue 43,844.00 € 52,235.00 €
Net profit 31,086.00 € 36,540.00 €
Equity ratio 91.29% -
Project description
Documents
Payment schedule
The farm specializes in raising Aberdeen Angus beef cattle but is also involved in growing grain crops. The farmer supplies his farm with both forage and grain feed, ensuring high-quality nutrition for the livestock. This year, the farm manages about 162,20 hectares of land, of which, according to the farmer, more than 60 hectares are owned.

The farmer has essentially branched off from the family farm but works alongside his father's farm, allowing him to leverage the family's extensive farming experience and knowledge.

The farm utilizes modern and versatile equipment, including two tractors, a combine harvester, mowers, a baler, a rake, a plow, cultivators, a seeder, a loader, trailers, and other necessary equipment. This machinery ensures the efficient execution of agricultural tasks and effective livestock management.

Currently, the farm requires a loan for the purchase of a land plot to expand farming capabilities and increase productivity. Investment in agricultural land will ensure more sustainable farm growth and strengthen the farm's economic stability in the future.

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.