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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.
LV0000290
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
We invite you to invest in a mixed farm in Rundāles, a small town close to the border of Lithuania. SIA Agro Martas declares 140 hectares of arable land. Most of it is currently being leased, however, the agricultural company is planning to gradually acquire some of the fields of this land.
This year, the company has been growing winter and summer wheat as well as beans. To work in fields, the firm uses its own technical equipment: a tractor, a trailer, a fertilizer spreader, a seed drill, and discs. The company earns additional income by providing services to other farms with owned equipment. Now SIA Agro Martas is borrowing 91.000 € from HeavyFinance investor community to acquire more land, part of it is with building suitable for agricultural needs.
The company has previously borrowed 13.000 € and 10.000 € to increase working capital before the harvesting season. The loan payments are made on time.
Annual interest
- Investing from 100 € - interest 11,8%
- Investing from 500 € - interest 12,4%
- Investing from 1.000 € - interest 12,7%
- Investing from 2.000 € - interest 12,9%
- Investing from 5.000 € - interest 13,2%
- Investing from 10.000 € - interest 13,4%
- Investing from 20.000 € - interest 13,7%
- Investing from 30.000 € - interest 14,1%
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.