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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.
LV0000820
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 624.30 ha | 250.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 386,817.00 € | 437,354.00 € |
| Net profit | 162,924.00 € | 23,913.00 € |
| Equity ratio | 32.15% | - |
Documents
Payment schedule
With this project, we invite you to invest in the expansion of the agricultural company in Jēkabpils, Latvia. „Lejas Jērāni'' is cultivating and selling crops - cereals and rapeseed are growing on 624 ha of farmland, of which 250 ha are owned
At the moment, the company sown winter wheat (250 ha), winter rapeseed (60 ha), timothy (30 ha), red fescue (30 ha), white clover (22 ha), beans (21 ha), summer rapeseed (32 ha), oats (60 ha), and rye (15 ha).
The current company's technical fleet consists of three John Deere tractors, two Claas combine harvesters, a seeder, and a sprayer. The company also owns a grain dryer and towers to store crops.
Although main activities of the company are crop and seed production (which in all seeds grown are certified). In winter, when it is a quiet period for agricultural activities, the company earns additional income by providing forest removal services, as well as providing seed cleaning services.
As the farm develops all the time, this loan is needed for the purchase of land, minor technical repairs and the purchase of fuel. The loan is backed by the pledge on Claas Lexion 600TT and over 22 ha of land.
The pledge will be registered within 30 days after the loan is paid out. This is due to the tractor currently being transported from the UK to the farm in Latvia (the project owner provides the proof of invoice and payment order). While mortgage on the land can only be registered once the funds are transferred.
It's noteworthy that the company has previously fully repaid one loan on the HeavyFinance platform.
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.