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.

LV0000706

Goal
7,000 €
Raised
7,000 €
100%
Return rate
13.5%

Rating
B

Period
10

Time left

LTV
-

Country
Latvia

Loan purpose
Working capital

Business information
Security measures
Loan history
Project owner Address
Artis Prikuls, IK "Līdumnieki 86" Preiļu nov., Saunas pag.
header_1 Declared Owned
Farming land 550.00 ha 340.00 ha
20212020
Revenue 353,136.00 € 437,968.00 €
Net profit 117,437.00 € 83,264.00 €
Equity ratio 16.87% -
Total value of pledged assets

0.00 €

Other - -
Read more about security measures here.
Loan number Project goal Outstanding principal Paid interest Status
LV0000706 7,000.00 € 0.00 € 618.75 € Repaid
LV0000584 33,420.00 € 16,023.82 € 6,201.08 € Active
LV0000828 105,000.00 € 66,178.67 € 20,896.45 € Active
Project description
Documents
Payment schedule

About the project

IK "Līdumnieki 86" has been operating since 2011 in Sauna parish, Latvia. At the moment, 400 ha of winter wheat, 70 ha of winter oilseed rape and 30 hectares of winter barley have been sown. In the summer the project owner plans to seed 50 ha of beans.

The farm’s technical fleet consists of all necessary equipment, including a Case IH 7230 combine, trailers Umega and Western Fabrications, disc harrows, 2 plows, planter, Case shredder, excavator, sprayer, spreader.

The project owner is now seeking to borrow 7 000 € from the HeavyFinance investor community for working capital which will be used to buy seed and fertilizers. 

This is not the company's first loan with HeavyFinance, the company one loan with current balance of 33 420 € and the payments are being paid on time  

IK "Līdumnieki 86"’s total managed area is 550ha, of which 340 ha is owned.


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.