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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.
PL0000669
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 343.00 ha | 189.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 219,743.00 € | 112,699.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
About the project
The farmer started his agricultural business in 1990 with 25 hectares of arable land. Since then it has expanded to more than 300 hectares. The farm is managed personally by him and his wife, but they are also hiring 3 seasonal workers.
The farmer has not only invested in the land but also in the technical fleet - he has advanced equipment for ecological farming and has built a wind power plant at the beginning of this year.
The farm is mainly dealing with grain eco production which has eco certificates. His goods are sold mainly through contracts, mostly to Germany.
Now, the farmer needs a loan to purchase a new seeder.
Revenue for 2021 consists of 45 256,00 € in subsidies.
Revenue for 2020 consists of 34 639,00 € 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.