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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.
LT0002496
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 242.21 ha | 35.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 290,767.00 € | 234,870.00 € |
| Net profit | 31,582.00 € | 40,910.00 € |
| Equity ratio | 34.58% | - |
Documents
Payment schedule
The businessman, who is working in the agriculture sector for ten years, is currently developing a mixed farm in Alytus district. Wheat, triticale, rapeseed, and peas are grown here, as well as beef and dairy cattle, in total - 60 cattle are grown in the farm.
The farm's technical fleet consists of three tractors, a combine harvester, a sprayer, and other necessary equipment. Area of declared land is 242,21 ha, from which 35 are owned by the farmer.
The farmer is already known by the HeavyFinance investor community, he has early repaid three loan. Currently, the active loan LT0001277 has a balance of EUR 33 200.
The owner of the project is now seeking to borrow EUR 45 000 for working capital, which will be used to repay the balance of the existing loan and to use part of it for working capital.
The loan is secured by a mortgage on a 16,7693 ha plot of land.
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.