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.

LT0002324

Goal
15,000 €
Raised
15,000 €
100%
Return rate
14%

Rating
B

Period
24

Time left
Closed

LTV
-

Country
Lithuania

Loan purpose
Refinancing

Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxx Xxxxxxxxx
Xxxžų x. xxx., Xxxxxėxxx xxx., Xžxšxxxxx, Xxxxx x. 5
header_1 Declared Owned
Farming land71.72 ha31.62 ha
20232022
Revenue 160,378.00 € 167,664.00 €
Net profit 17,857.00 € 42,211.00 €
Equity ratio 24.63% -
Project description
Documents
Payment schedule

We invite HeavyFinance community to invest in a loan for a crop farm. The farm has been operating for more than two decades in Biržai district. The farm covers 71.72 ha, almost half of which is owned by the farmer - 31.62 ha. Together with his son he owns over 100 ha of land.

The farmer grows oilseed rape, winter wheat, barley and oats.   

The current farm's fleet of heavy machinery consists of several tractors, a sowing machine, a loader, a combine harvester and a dump truck with a manipulator. This year they purchased a sowing machine which will not only speed up the sowing of the farm, but will also allow the land to be fully cultivated in a soilless manner.

The farmer is asking for a loan to buy fuel and repay the existing loan. He has fully repaid three loans in 2 years time.

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.