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.

LT0002322

Goal
35,600 €
Raised
35,600 €
100%
Return rate
From 10.6%

Rating
B

Period
35

Time left

LTV
60%

Country
Lithuania

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxxxxxx Xxčxxxxx
Xxxxxėx x. xxx., Xxxxxx xxx., Xxxxxx x., Xxxxxx x. 9
header_1 Declared Owned
Farming land484.58 ha311.72 ha
20232022
Revenue 1,074,555.00 € 1,257,540.00 €
Net profit 1,530.00 € 414,866.00 €
Equity ratio 34.43% -
Project description
Documents
Payment schedule

HeavyFinance invites you to invest in a loan for cereal farm in Akmenė District. The farm has been operating since 1995. The farmer declares 484,58 ha of arable land, of which 311,72 ha are owned. The farmer together with his son controls over 1000 ha.

The farmer grows wheat, oilseed rape and other crops.

The farmer's machinery fleet consists of 4 combine harvesters, 7 tractors, a sowing machine, a sprayer, a trailer and other tillage equipment, as well as grain storage silos and other storage facilities for grain. The farmer works the land using no-till technology.

The farmer already has 3 loans on a HeavyFinance platform, payments are made on time.  This time the farmer is asking for a fourth loan that will be used to rent the 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.