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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.
LT0002291
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 146.13 ha | 23.94 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 262,792.00 € | 201,508.00 € |
| Net profit | 40,729.00 € | 30,722.00 € |
| Equity ratio | 17.33% | - |
Documents
Payment schedule
In 1999, a mixed farm was set up in the Pasvalys district, growing cereals such as wheat, oilseed rape and others. The farmer declares 146,13 hectares of land of which 80 ha are owned by the farmer himself. He and his wife also keep 500 colonies of bees on the farm, which produce 20 tonnes of pure honey every year. All the honey is exported to foreign markets.
The farmer has benefited from several EU subsidies, which have enabled him to purchase new farm machinery such as tractors, combine harvesters and other farming equipment, as well as a modern honey processing plant. The farm has been awarded several prizes for its sustainability and tidiness.
Currently, the farm needs investments for its expansion, for which the farmer has approached the HeavyFinance community, and the necessary amount will be used to refinance the loan with another credit institution and for the expansion. The loan will be secured by a mortgage on 23.94 ha of land.
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.