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.

LT0002480

Goal
44,000 €
Raised
44,000 €
100%
Return rate
From 12.6%
Rating
B
Period
47
Time left
LTV
58%
Country
Lithuania
Loan purpose
Refinancing
Business information
Security measures
Loan history
Project owner Address
Xxxxxx Xxxxxxx Xxxxxxxx
Xxxxxx x. 15, Xxxxxx x., Xxxxx xxx. Xxžxxxxų xxxxxx xxx.
header_1 Declared Owned
Farming land88.44 ha40.00 ha
20232022
Revenue 23,952.00 € 34,793.00 €
Net profit 12,299.00 € 19,892.00 €
Equity ratio 73.03% -
Project description
Documents
Payment schedule
The businessman, who has more than 25 years of experience in agriculture, manages mixed farm in the Mažeikiai district. The farmer currently declares 88,44 ha of arable land, of which 40 ha is owned. Crops, such as wheat, barley, and other crops, as well as beef cattle are grown on the farm.

The farm's equipment fleet consists of a tractor and other necessary equipment.

This is not the first farmer's loan on HeavyFinance platform and the payments are being paid on time. Now the farmer is seeking to borrow from the HeavyFinance investor community to refinance two of his existing loans (LT1576 and LT1762).

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.