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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.
LV0000544
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 50.00 ha | 14.00 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
Z/S "Ķesteri" has been operating since 1998 in Kuldīgas municipality, Latvia. At the moment, 30 hectares of winter wheat have been sown with 20 hectares have been left for summer wheat and fallow land.
The farm’s technical fleet consists of all necessary equipment, including a Sampo combine, three tractors, two trailers, plow, discs, cultivator, seeder, sprayer, spreader, manure cart and VW Crafter tipper.
The project owner is now seeking to borrow 21 000 € from the HeavyFinance investor community in order to buy a truck. The company plans to purchase a container truck with a crane in order to provide sludge removal service. The loan will be secured by a pledge on six items of machinery.
Z/S "Ķesteri"'s declared land area is 50 ha, of which 14 ha are owned.
Annual interest
- Investing from €100 - interest 12%
- Investing from €500 - interest 12,8%
- Investing from €1 000 - interest 13,5%
- Investing from €2 000 - interest 13,7%
- Investing from €5 000 - interest 14%
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.