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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.
LV0000165
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
This project is dedicated to the development of a Latvian agricultural company. The working capital loan will be secured by a pledge of used combine harvester Rostselmash DON 1500B.
The company "Zelta skaras" has been engaged in grain-growing since 2014. A business manages 140 ha of land, where oats, barley, wheat, and peas.
The company’s technical fleet consists of a combine harvester Rostselmash DON 1500B with a 6-meter header, a Case tractor, Belarus tractor, Kverneland 4-body plow, mounted tractor sprayer, and trailed fertilizer spreader.
To maintain the continuing development of the company, the firm is borrowing 10.900 € to increase working capital.
Area of declared land: 140 hectares of rented land
Fixed annual interest rate - 12,5%
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.