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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.
LV0000373
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The agricultural company, founded in 1997, preserves up to 460 hectares, where crops such as winter wheat, barley, and oilseed rape are grown.
A New Holland combine, Claas and Massey Ferguson tractors, a seed drill, a sprayer, and a spreader make up the company's fleet.
The company is willing to expand its crop area by purchasing an 18.6-hectare plot. The firm has already paid for a part of the plot, so it is now borrowing 21.000 to complete the purchase of the land. The loan will be secured by another land plot, which value is 31.353,60 €.
Area of declared land: 460 hectares, from which 125 hectares are owned by the project owner
Annual interest
- Investing from 100 € - interest 10,5%
- Investing from 500 € - interest 11,3%
- Investing from 1.000 € - interest 12,0%
- Investing from 2.000 € - interest 12,2%
- Investing from 5.000 € - interest 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.