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.
LT0002386
Project owner | Address |
---|---|
header_1 | Declared | Owned |
---|---|---|
Farming land | 21.18 ha | 11.54 ha |
2023 | 2022 | |
---|---|---|
Revenue | 26,716.00 € | 20,902.00 € |
Net profit | 2,010.00 € | 1,003.00 € |
Equity ratio | 59.05% | - |
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The agri-entrepreneur, who began farming eight years ago, currently operates a 21,18 hectare farm in the Kelmė district, with 11,54 hectares owned, according to the project owner.
The farm has a total of 16 beef and dairy cattle. Part of the farm is dedicated to crops, including winter triticale and peas.
The farm's technical fleet consists of two tractors, a baler, a cultivator, a drill, a trailer and a rake.
The farmer approached the HeavyFinance community with a request for a loan to buy rented land. The land will be mortgaged to secure the loan. It should be noted that the farmer has one loan on the HeavyFinance platform, which she has been paying without reproach, with an outstanding balance of EUR 3000.
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.