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.

LV0002377

Goal
41,400 €
Raised
24,201 €
58%
Return rate
From 13.7%

Rating
B

Period
47

Time left

LTV
40%

Country
Latvia

Loan purpose
Refinancing

Business information
Security measures
Loan history
Project owner Address
Ūxxxxxxxx (-ė) Xxxxxxx Xxxxxxx
Xxxxļx xxx., Xxxxxx xxx., Xxxxxxxx, "Xxxxīšx", XX-5326
header_1 Declared Owned
Dirbama žemė130.00 ha60.00 ha
20232022
Revenue 203,199.00 € 205,206.00 €
Net profit 11,198.00 € 11,922.00 €
Equity ratio 33.16% -

Investment calculator

Pick one of the suggested or type in your own amount to see interest rate and preliminary earnings.
Interest

13.7%

Preliminary earnings

0.00 €

Important:
The calculator provided is preliminary and the projected earnings are determined based on the preliminary principal repayment schedule.

Interest rates:
Investing from 100 € - 13.7% Investing from 500 € - 14.4% Investing from 1,000 € - 14.7% Investing from 2,000 € - 15.2% Investing from 5,000 € - 15.4% Investing from 10,000 € - 15.8%
Project description
Documents
Payment schedule

HeavyFinance invites you to invest in a loan for the agricultural company. The company has been operating for more than two decades and manages a 130-hectare farm in Smelteri, Latvia. Declared land area: 130 hectares, of which 60 hectares are owned.

The majority of the farm is covered by meadows, where 60 dairy cows and another 50 heifers graze. 30 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 fifth loan on a HeavyFinance platform. The current active loan balance amounts to 96 540 EUR.

Now the project owner is asking for 41 400 EUR in order to refinance active HeavyFinance loans: LV000447 and LV000482. This loan will be secured by two Deutz-Fahr tractors worth of 103 000 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.