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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.
PL0000782
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 88.00 ha | 38.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 78,000.00 € | 258,027.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
About the project
Farmer has been farming since 2003, when he inherited 15 ha from his parents. In the following years, he bought a total of 23 ha. Currently, the farmer owns 38 ha of land and rents another 50 ha.
The project owner sows his fields with corn, millet, triticale, and barley. He also has meadows. The whole crop production is intended for fodder for the cows which he has been breeding since the beginning of his business activity.
In the years 2003-2008, he had several cows but since then he has gradually increased the milk production and at present, he has 100 milk cows, 30 heifers, 40 calves, and 10 bulls of 150 kg each.
He is now planning to buy some 15-20 cows to increase his income from milk production.
The farmer is using equipment such as a Zetor tractor, Zetor front loader, Telescopic loader Dieci, and Feed truck A-LIMA-BIS, among others.
With the loan from HeavyFinance the farmer wants to buy fertilizers for the cultivation of the land.
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.