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.

LT0002307

Goal
15,000 €
Raised
15,000 €
100%
Return rate
15%

Rating
C+

Period
48

Time left

LTV
78%

Country
Lithuania

Loan purpose
Equipment purchase

Business information
Security measures
Loan history
Project owner Address
Xxxxx Xxxxxxx
Xxxxxxėx x., Žxxxxčxų xxx., Xxxšxxxxxx, Xxxxxxų x. 5X
header_1 Declared Owned
Farming land12.66 ha12.66 ha
20232022
Revenue 25,447.38 € 25,526.04 €
Net profit - -
Equity ratio - -
Project description
Documents
Payment schedule

Since 2005, a mixed farm has been established in the Tauragė district, growing beef cattle, cereals, vegetables and berries. The farm holding consists of 12,66 hectares which are all owned by the farmer.

The project owner owns a tractor and all the implements needed to cultivate the land. The farmer maintains the farm with the help of family members.

The farmer has applied to the HeavyFinance community for a loan to buy a tractor. He is pledging the land he owns as collateral for the loan.

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.