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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.
PL0000793
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 59.00 ha | 43.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 51,375.00 € | 9,504.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer took over the farm in 2011, from his parents, with 20 ha of land. As for now, he cultivates a total area of 59 ha, of which 43 ha are owned by him. The farmer works on the farm together with his father and wife.
The following crops are grown on the fields: wheat (21 ha), rope (18 ha), corn (13,5 ha), fodder grass (2 ha), and white beet (5 ha). For seedings, the farmer uses mainly qualified seeds (certified seed is material that has been tested and prepared for sowing, in other words, such seeds are the best ones for sowing).
The farmer uses such machinery as: tractor NH t7.210, John Deere harvester, Unia 4-plow rotary plow, and many other machines required for professional cultivation.
In addition, the farmer provides services for other farmers such as seeding, harvesting, and tilling the field. The farmer received EU subsidiaries of 21 557 € in 2022.
A loan from HeavyFinance will help him buy new equipment for his services. In the future, he wants to build a warehouse to get increase his income from his products.
The farmer has one active loan from HeavyFinance (PL0000768) with the amount of 49 265 €, currently is on documentation process and will be paid out shortly.
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.