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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.
PL0000562
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 150.00 ha | 70.00 ha |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
About the project
The owner of the project has over twenty years of experience working in the field of agriculture. Located in Turkowy, Poland he cultivates around 150 hectares of land on which he grows various kinds of crops. At the moment 100 ha of wheat, 40 ha of rapeseed and 10 ha of corn are sown.
The farmer’s technical fleet consists of 2 New Holland tractors, Case combine harvester, Kverneland rotary plough and aggregate and other smaller implements necessary to maintain the farm.
The farm is located in a very competitive region where the land is of very good quality which makes it very difficult to obtain. However in the last couple of years the project owner has managed to buy additional 5 ha of land.
Now the farmer is borrowing 38 830 € in order to increase the working capital. The loan will be secured by a pledge on a tractor with a GPS navigation kit for field mapping.
The farmer declares 150 ha of land, of which 70 ha are owned.
Annual interest
- Investing from 100 € - interest 12,1%
- Investing from 500 € - interest 12,8%
- Investing from 1 000 € - interest 13,1%
- Investing from 2 000 € - interest 13,6%
- Investing from 5 000 € - interest 13,8%
- Investing from 10 000 € - interest 14,2%
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.