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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.
LT0002707
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 63.02 ha | 16.90 ha |
| 2024 | 2023 | |
|---|---|---|
| Revenue | 46,358.00 € | 31,767.00 € |
| Net profit | 32,711.00 € | 21,923.00 € |
| Equity ratio | 54.08% | - |
Documents
Payment schedule
In the Skuodas district, an agricultural farm has been operating since 2020. The farm currently declares 63.02 ha of arable land, of which the owner possesses 16.90 ha.
The farmer's current machinery fleet includes one wheeled tractor, a trailed sprayer, a sowing machine, and other small agricultural equipment. The farm relies solely on family members for permanent labor.
Each year, the farm cultivates a variety of cereals and legumes, including winter and spring wheat, rapeseed, peas, and beans.
The loan is required for working capital, which is essential for harvest preparation, covering expenses such as fuel costs, spare parts, and the purchase of rapeseed for the upcoming sowing season.
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.