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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.
LV0000828
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 550.00 ha | 340.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 353,136.00 € | 437,968.00 € |
| Net profit | 117,437.00 € | 83,264.00 € |
| Equity ratio | 19.1% | - |
Documents
Payment schedule
IK "Līdumnieki 86" has been operating since 2011 in Sauna parish, Latvia. At the moment, 400 ha of winter wheat, 70 ha of winter rapeseed, 50 ha of beans, and 30 hectares of winter barley have been sown.
The farm’s technical fleet consists of all necessary equipment, including a Case IH 7230 combine, trailers Umega and Western Fabrications, disc harrows, 2 ploughs, a planter, Case shredder, an excavator, sprayer, and spreader. There is also a granary for storing grain
As the cost of grain drying is increasing, the company plans to add a mobile grain dryer to its machinery. With this addition, the company will be able to reduce its operating costs and will result in a higher profit.
Therefore, the project owner is now seeking to borrow 105 000 € from the HeavyFinance investor community to purchase a mobile grain dryer.
This is not the company's first loan with HeavyFinance, the company has two loans with a total current balance of 40 420 € and the payments are being paid on time
IK "Līdumnieki 86"’s total managed area is 550ha, of which 340 ha are 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.