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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.
LV0002175
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 130.00 ha | 60.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 203,199.00 € | 205,206.00 € |
| Net profit | 11,198.00 € | 11,922.00 € |
| Equity ratio | 33.16% | - |
Documents
Payment schedule
The agricultural company, which has been operating for more than two decades, manages a 130-hectare organic farm in Smelteri, Latvia. The majority of the farm is covered by meadows, where 60 dairy cows and another 50 heifers graze. Thirty hectares of land are dedicated to organic winter wheat.
The farm uses two Deutz-Fahr tractors, a New Holland tractor, two trailers, a rake, a baler, a hay mower, a mixer, and other equipment necessary to run the farm.
This is the company's fourth loan on the HeavyFinance platform. Across its first three loans, the company borrowed a total of 128,700 EUR from the HeavyFinance investor community and now has a current active loan balance amounting to 86,022 EUR. The project owner is now asking for 11,000 EUR to cover fuel and repair costs. The loan will be secured by a pledge on 6.5 hectares of land worth 26,000 EUR.
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.