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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.
LV0002409
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 550.00 ha | 340.00 ha |
| 2024 | 2023 | |
|---|---|---|
| Revenue | 451,698.00 € | 511,509.00 € |
| Net profit | 59,705.00 € | -84,931.00 € |
| Equity ratio | 64.18% | - |
Documents
Payment schedule
We invite HeavyFinance investor's community to invest in a loan for a farm in Preiļu district. Declared area is 550 ha, of which 340 ha are owned.
At the moment, 70 ha of winter oilseed rape, 30 ha of winter barley and 400 ha of winter wheat and 50 ha beans have been sown.
The technical park consists of Case IH 7230 combine, Umega and Western Fabrications trailers, discs, 2 plows, planer, Case shredder, 2 excavators, sprayer, spreader. The farm also owns a granary for storing grain.
This is farm's fourth loan on a HeavyFinance platform, one of them is already fully repaid. This time the farm is borrowing with a purpose to refinance the existing loan. The loan will be secured by KUHN 6m discs and 7,1 ha piece or land.
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.