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.

LT0002284

Goal
33,500 €
Raised
33,500 €
100%
Return rate
up to 12.7%

Rating
B

Period
36

Time left

LTV
70%

Country
Lithuania

Loan purpose
Refinancing

Business information
Security measures
Loan history
Project owner Address
Xxxxxxx Šxxxxxxxxx
Xėxxxxxų x., Xxxxxxšxxxx, Xxxxxxxčxų x. 4
header_1 Declared Owned
Farming land512.82 ha60.19 ha
20232022
Revenue 283,161.00 € 303,167.00 €
Net profit 19,155.00 € 83,291.00 €
Equity ratio 5.15% -
Project description
Documents
Payment schedule

The entrepreneur founded the farm in Kėdainiai district in 2007 and has continuously invested in long-term leases of agricultural land and the acquisition of heavy machinery. Some of the machinery was purchased under NMA projects. Currently, the farmer declares 512,82 ha of arable land, of which 60,19 ha are owned by him.

The project owner practises sustainable farming practices and grows rapeseed, wheat, barley and sugar beet.

In addition to several tractors, he owns a self-propelled sprayer, a combine harvester, a truck with a semi-trailer for transporting grain, a grain drill and other necessary tillage and storage equipment.

The farmer has applied to the HeavyFinance platform for refinancing of his loans, as the sugar beet buyers have informed him that the payment of the harvest may be delayed by up to 3 months.

The loan will be secured by 5 plots of land 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.