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.

LT0002381

Goal
13,200 €
Raised
13,200 €
100%
Return rate
13.5%
Rating
B
Period
35
Time left
LTV
70%
Country
Lithuania
Loan purpose
Working capital
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxxx Xxxxx
Xxxxxxėx x., Xxxxxų xxx., Xxxxxxxx x., Xxxxų x. 12
header_1 Declared Owned
Farming land162.98 ha70.00 ha
20232022
Revenue 242,044.00 € 219,502.00 €
Net profit 15,006.00 € 68,635.00 €
Equity ratio 7.6% -
Project description
Documents
Payment schedule
HeavyFinance invites you to invest in a loan for the entrepreneur that runs a crop farm in Ukmergės District. The farmer declares 162,98 ha of land, of which 70 ha are owned.

The farmer grows spring triticale and winter triticale, among other cereals.

He already owns a John Deere 9640 WTS combine harvester, a John Deere 7920 tractor and other necessary heavy machinery.

This is farmer's seventh loan on a HeavyFinance platform. He has already fully repaid three loans. Active loans are being paid in a timely manner. Now the farmer is asking for a loan that will be used for working capital. The loan will be secured by three land plots.  

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.