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.

LV0002436

Goal
62,700 €
Raised
19,242 €
30%
Return rate
From 13.1%
Rating
B+
Period
47
Time left
LTV
59%
Country
Latvia
Loan purpose
Refinancing
Business information
Security measures
Loan history
Project owner Address
Xxxxxxxxxx Xxxxxxxxxx Xxxxx Xxxxxxx
Xxxxļx xxx., Xxxxxx xxx., Xxxxxxxx, "Xxxxīšx", XX-5326
header_1 Declared Owned
Farming land550.00 ha340.00 ha
20242023
Revenue 451,698.00 € 511,509.00 €
Net profit 59,705.00 € -84,931.00 €
Equity ratio 64.18% -

Investment calculator

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

13.1%

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 € - 13.1% Investing from 500 € - 13.8% Investing from 1,000 € - 14.1% Investing from 2,000 € - 14.4% Investing from 5,000 € - 14.6% Investing from 10,000 € - 14.8% Investing from 20,000 € - 15.3%
Project description
Documents
Payment schedule

And to additionaly secure this loan, will be pledged JCB 3CX excavator (without evaluation).

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 fifth 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 grain dryer GSI 1214 and 8,43ha piece of land. As an additional security measure, we also take JCB 3CX excavator as a pledge (without evaluation). 



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.