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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.
LT0002686
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 181.87 ha | 38.97 ha |
| 2024 | 2023 | |
|---|---|---|
| Revenue | 191,585.00 € | 238,652.00 € |
| Net profit | 33,933.00 € | 8,500.00 € |
| Equity ratio | 10.87% | - |
Documents
Payment schedule
HeavyFinance invites you to invest into the loan for the development of a mixed farm. The farmer has been farming since 1995.
Over the last years, he has expanded his agricultural land in the Šilutė district from 60 ha to 181.87 ha. He has around 39 ha of land of his own and the rest is rented.
The farmer currently grows crops such as wheat and barley and has 74 cattle.
The entrepreneur is constantly looking for ways to expand his business and plans to buy more farmland and cattle in the future.
The farm's current fleet of heavy machinery consists of three tractors, a combine harvester, trailers and other necessary implements.
The farmer aims to borrow money to prepare for the upcoming season and will use the funds to buy fuel.
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.