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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.
LV0000697
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 152.00 ha | 5.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 138,098.00 € | 96,087.00 € |
| Net profit | 5,964.00 € | 22,736.00 € |
| Equity ratio | 16.48% | - |
Documents
Payment schedule
About the project
We invite you to invest in a mixed farm in Rundāles, Latvia. SIA Agro Martas declares 152 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.
Recently, 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 the owned equipment.
Now SIA Agro Martas is borrowing 39 000 € from the HeavyFinance investor community to purchase a tractor. The loan will be secured by a pledge on a tractor and a sprayer.
This is not the first company’s project on the HeavyFinance platform. Agro Martas had fully repaid 1 loan and currently has 3 projects. The current active balance is 114 300 €. The loan payments are being made on time.
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.