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.
LT0002329
Project owner | Address |
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header_1 | Declared | Owned |
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Farming land | 98.41 ha | 19.01 ha |
2023 | 2022 | |
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Revenue | 104,539.00 € | 72,703.00 € |
Net profit | 36,187.00 € | 38,552.00 € |
Equity ratio | 36.3% | - |
We invite HeavyFinance community to invest in a loan for a crop farm. The farm has been operating since 2015 in Panevėžys district. Now the farmer declares 98,41 hectares of arable land of which 19,01 hectares are owned.
There are wheat, buckwheat and rapeseed being grown on the farm.
The farmer owns a tractor, seeder, cultivator and grain storage facility. He also share some of the equipment with his father.
This is farmer's third loan on HeavyFinance platform. The previous two are already repaid. Now the farmer is seeking a working capital loan to carry out repairs on the equipment in preparation for the new farming season.
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.