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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.
PL0000506
| Project owner | Address |
|---|---|
| Waldemar Starzyński |
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The owner of the project has been running his farm since 2007. The farm mainly focuses on growing cereals for grain, fodder for cattle (silage) and breeding beef cattle. The farmer started cattle farming four years ago and now he plans to increase the herd to 100 heads, therefore he needs funds to modernise the barns.
The farmer has an extensive technical fleet - he uses tractors Case CS350 and John Deere 9310, a cultivator with seeder, a sprayer Caruelle Olympia, a front loader, a subsoiler, a Lemken plough, a fertiliser spreader and a disc aggregate. Many of them were bought or upgraded in the last five years.
Now the project owner is borrowing 65 750 € for various upgrades in his farm including the purchase of a grain dryer and more heads of beef cattle for breeding. The loan will be secured by a pledge on 13,13 ha of land.
Annual interest - 12,5%
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.