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.
PL0000437
Project owner | Address |
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header_1 | Declared | Owned |
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Farming land | - | - |
Revenue |
Net profit |
Equity ratio |
About the project
In 2019, a young and ambitious farmer started up his agricultural business. The project owner raises cows and chickens on 2 hectares of agricultural land in Poland's Lubelski region. Crops are grown on a part of the farm - the farmer grows corn to feed the cattle. He learned everything he knows about farming from his mother, who runs her farm nearby.
Now the farmer intends to expand his farm activities by purchasing pigs and more fodder, therefore he is borrowing from the HeavyFinance investor community. The loan will be secured by a pledge of 2,17 ha of agricultural land.
The farmer earns an average of 13.000 euros per year from the sale of cattle.
Annual interest - 13,5%
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.