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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.
LV0000490
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 50.00 ha | 37.00 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The project owner who started his activities in 2009 mainly focuses on crop farming. The farmer cultivates a total of 50 ha area on which 14 ha of winter oilseed rape, 20 ha of triticale, 3 ha of fallow land are sown, the rest of the area is left for summer barley. The technical fleet consists of a combine, 2 tractors, a plow, discs, a cultivator, a seeder, a sprayer and a spreader.
The farmer is currently looking to upgrade his fleet. He is borrowing 11.000 € from the Heavy Finance community in order to buy a new tractor trailer. The loan will be secured by a pledge on a tractor trailer.
Declared land area: 50 hectares, of which 37 hectares are owned by the project owner the rest are being rented.
Annual 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.