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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.
PL0000590
| Project owner | Address |
|---|---|
| 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 in Charzyno, Poland since 2015. The farm’s main activity is milk production and the farmer has been consistently buying additional cows every year to increase the production.
The farmer has an extensive technical fleet, including the tractors Zetor and Ursus 912, combine harvesters Bizon and Anna and two recently bought farm trailers and other implements.
Now the project owner is borrowing 17 800 € from the Heavy Finance investor community in order to further increase the herd of cows. The rest of the funds will be used as working capital. The loan will be secured by a pledge on 6,3 ha of land.
The farmer declares 25 ha of his own land and rents additional 33 ha.
Annual interest
- Investing from €100 - interest 9%.
- Investing from €500 - interest 9.8%.
- Investing from €1 000 - interest10.5%.
- Investing from €2 000 - interest 10.7%.
- Investing from €5 000 - interest 11%
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.