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.

LT0002360

Goal
62,000 €
Raised
62,000 €
100%
Return rate
From 11.2%

Rating
B

Period
34

Time left

LTV
63%

Country
Lithuania

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxūxxx Xxxxxxxxx
Xxxxxxxų x., Xxxxxxxų xxx., Xxxšxxx, Xxxų x. 11
header_1 Declared Owned
Farming land129.97 ha30.00 ha
20232022
Revenue 234,449.00 € 291,458.00 €
Net profit -57,377.00 € 63,545.00 €
Equity ratio 6.33% -
Project description
Documents
Payment schedule

HeavyFinance invites you to invest in a loan for a crop farm in Raseiniai district. The borrower has been engaged in the agricultural sector for over ten years and now manages 129,97 ha of agricultural land of which 30 ha are owned.

The farmer grows wheat, barley and rapeseed.

Currently, the farm’s technical fleet consists of several tractors, combines, trailers, and other heavy-duty machinery.

This is farmer's third loan on a HeavyFinance platform. With previous loan the farmer has acquired a telescopic tractor.

The farmer meets all of the financial obligations on time with zero delay days. Now he's asking for a loan to increase his working capital.


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.