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

Goal
25,000 €
Raised
21,795 €
87%
Return rate
From 12%

Rating
B

Period
47

Time left

LTV
73%

Country
Lithuania

Loan purpose
Land purchase

Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxx Xxxxxxxxxė
Xxxxėx x., Xxxžxų xxx., Xxšxxė Xxxxų x. 4
header_1 Declared Owned
Farming land21.18 ha11.54 ha
20232022
Revenue 26,716.00 € 20,902.00 €
Net profit 2,010.00 € 1,003.00 €
Equity ratio 59.05% -

Investment calculator

Pick one of the suggested or type in your own amount to see interest rate and preliminary earnings.
Interest

12%

Preliminary earnings

0.00 €

Important:
The calculator provided is preliminary and the projected earnings are determined based on the preliminary principal repayment schedule.

Interest rates:
Investing from 100 € - 12% Investing from 500 € - 12.8% Investing from 1,000 € - 13.5% Investing from 2,000 € - 13.7% Investing from 5,000 € - 14%
Project description
Documents
Payment schedule

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.