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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.
LT0002392
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 0.00 ha | 0.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 37,735.00 € | 5,381.00 € |
| Net profit | 15,819.00 € | 2,253.00 € |
| Equity ratio | 36.76% | - |
Documents
Payment schedule
The owner of MB Tomkasys has worked as a foreman in a construction company for more than five years. In 2021, he decided to open his own company providing excavation services to companies and private individuals.
The company has already purchased two excavators to carry out its activities. It has now applied to the HeavyFinance community for a loan to purchase 3D equipment to be mounted on one of the existing excavators.
The owner of the company personally guarantees the loan.
It should be noted that the company has previously used HeavyFinance services, and the existing loan has been repaid on time without any delays.
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.