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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.
PL0000563
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 63.00 ha | 63.00 ha |
| 2020 | 2019 | |
|---|---|---|
| Revenue | 654,803.00 € | 744,694.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
About the project
After taking the farm from his parents in 1998, the businessman started continuously expanding his agricultural venture. The farm grew from 17 ha to 63 ha of arable land, growing 2900 pigs, some wheat and oilseed rape.
The farmer owns two agricultural tractors, a sprayer, a combine harvester, four agricultural trailers and many necessary instalments that are needed to run this type of farm. Now he seeks to purchase a slurry tanker to improve the fertilization of his land. In addition to this purchase, the farmer plans to use some of the money to prepare for a new season.
Area of declared land: 63 hectares, from which 63 hectares are owned by the project owner.
Annual interest
- Investing from 100 € - interest 9,3%
- Investing from 500 € - interest 9,9%
- Investing from 1.000 € - interest 10,2%
- Investing from 2.000 € - interest 10,4%
- Investing from 5.000 € - interest 10,7%
- Investing from 10.000 € - interest 10,9%
- Investing from 20.000 € - interest 11,2%
- Investing from 40.000 € - interest 11,6%
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.