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.

LV0000761

Goal
103,500 €
Raised
103,500 €
100%
Return rate
From 9.3%

Rating
A

Period
19

Time left

LTV
57%

Country
Latvia

Loan purpose
Equipment purchase

Business information
Security measures
Loan history
Project owner Address
XXX Xxxxxx, Xxxxxx Xxxxxxx
Xēxxxxxxx xxx., Xxxxxxx xxx., "Xxxxx Xēxāxx",
header_1 Declared Owned
Farming land310.00 ha150.00 ha
20212020
Revenue 163,885.00 € 59,025.00 €
Net profit 43,540.00 € 165,183.00 €
Equity ratio 43.58% -
Project description
Documents
Payment schedule

About the project

By investing in this project, you will contribute to the expansion of SIA EGLONA, a Latvian capital company that has been engaged in agriculture and forestry for almost three decades.

The range of the company's activities is diverse - rye, buckwheat, beans, oats are grown on the farm area, as well as 150 beef cattle graze on the farm's meadows, and 10 hectares of the area are covered by forest. The total farm territory covers 310 hectares, of which 150 hectares are owned by the company.

The company is fully equipped with the necessary technical fleet, which consists of two tractors, a wheeled and telescopic loader, a combine harvester, two grain transport trailers, hay processing equipment, and a trailer for wood transportation. The company also has two grain storage hangars for 1500 tons of grain storage.

Having all the necessary technical units, now SIA EGLONA is borrowing for the purchase of an additional combine. The loan is backed by 2 pieces of equipment

Previously, The company borrow 98 000 € (LV0000274) for the expansion of the farm territory. With the funds received from the HeavyFinance investor community, the company expanded its territory from 177 hectares to 310 hectares. All instalments of the previous loan has been 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.