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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.
LT0002415
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 88.62 ha | 21.65 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 91,350.00 € | 108,066.00 € |
| Net profit | 39,218.00 € | 58,594.00 € |
| Equity ratio | 51.16% | - |
Documents
Payment schedule
With over ten years of farming experience, the farmer operates an 88.62-hectare crop farm, cultivating a variety of cereals, including barley, wheat, triticale, peas, and oats.
The farm is equipped with its own machinery, including a tractor, a combine harvester, and various smaller implements.
The farmer currently requires working capital to manage the farm. The funds will be used to repay existing loans to creditors and cover land plot rental costs.
Well-regarded within the HeavyFinance investor community, the project owner has one active loan with an outstanding balance of around 7,800 EUR. Additionally, two previous loans were repaid in full and on time.
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.