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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.
PL0000666
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 18.00 ha | 18.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 28,450.00 € | 16,826.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
About the project
The farmer started his business in 2015. At that time he bought new equipment such as seeding unit, potato planter, rotary plough, rake, baler and disc mower. He also uses a Landini tractor, Bizon combine harvester and trailer.
With the total of 18 ha cultivated area, he grows potatoes on his 10 ha land and manages 40 cows in his farm.
The farmer is looking for a possibility to increase his amount of beef cattle by borrowing €12 060 from the HeavyFinance investor community.
His revenue from 2021 is 28 450,00 € of which 8 267,00 € is received in subsidies.
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.