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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.
LT0002462
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 169.54 ha | 97.50 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 203,221.00 € | 176,178.00 € |
| Net profit | 37,555.00 € | 81,507.00 € |
| Equity ratio | 37.47% | - |
Documents
Payment schedule
The owner of the project, who has many years of experience, manages a 169.54 ha crop farm in the Biržai district. The farm currently produces oilseed rape, barley and wheat, which make up the bulk of its production, and the harvest is mainly sold to the Linas Agro group. The farm used to be a mixed farm, with dairy and beef cattle, but with the drop in farm gate prices, the farmer decided to focus on crop production.
The project owner runs the business with the help of his family members. The farmer claims that he is well equipped with the machinery needed to maintain the farm, which consists of two tractors, a combine harvester, a sowing machine, trailers and other small implements.
The farmer wants to borrow an additional EUR 30 000 from the HeavyFinance investor community for the farm. Four loans are currently active on the HeavyFinance platform for a total amount of EUR 66 910.99.
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.