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.

LT0002326

Goal
24,500 €
Raised
24,500 €
100%
Return rate
From 11.5%

Rating
B

Period
34

Time left

LTV
98%

Country
Lithuania

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Ūxxxxxxxx (-ė) Xxxxxxxx Xxxxxxx
Xxxxxxxxx x., Xxxxxxėxų xxx., Xxxūxxx, Xxxxxx x. 40
header_1 Declared Owned
Dirbama žemė138.24 ha32.21 ha
20232022
Revenue 369,243.00 € 423,230.00 €
Net profit 94,556.00 € 4,289.00 €
Equity ratio 61.37% -
Project description
Documents
Payment schedule

Since 2014, Ignalina District has had a grain farm growing wheat, rapeseed, peas and other crops. The farmer's holdings comprise 141,76 hectares of arable land, of which 32,21 ha belong to the farm. The total area of the family farm is ~500 ha.

The farmer's machinery fleet consists of a combine harvester, two tractors, a sowing machine, a sprayer, a trailer and other cultivation equipment. The farmer cultivates the land according to no-till farming techniques.

The farmer has applied to the Heavy Finance community for a loan, which he will use to cover his existing loans.

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.