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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.
LT0002275
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 0.00 ha | 0.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 218,665.00 € | 79,588.00 € |
| Net profit | 34,504.00 € | 35,565.00 € |
| Equity ratio | 37.59% | - |
Documents
Payment schedule
IĮ Gitmanta specializes in the production of biofuel raw materials, aiming to increase sales and address efficiency challenges to become a competitive market player. The produced biofuel raw material is sold to other companies that process and transport it to power plants.
The company uses specialized equipment, including excavators with tree-cutting shears and forwarders, allowing for efficient preparation and storage of raw materials near accessible roads, ensuring effective logistics management.
The company plans to invest in a truck and trailer for transporting its own equipment. This investment will optimize logistics, reduce reliance on currently rented trailers, and enable easier work planning. Additionally, having its own transportation will allow the company to offer equipment transportation services to other clients. This development step will not only improve the company’s efficiency but also increase the production volume and generated revenue.
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.