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.
PL0000801
Project owner | Address |
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header_1 | Declared | Owned |
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Farming land | 35.00 ha | 35.00 ha |
2022 | 2020 | |
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Revenue | 49,429.00 € | 59,855.00 € |
Net profit | - | - |
Equity ratio | - | - |
About the project
The project owner started his farming activities when he inherited the 10-hectare farm in 1987, and now declares 35 hectares of arable land. The farmer works on the farm with his daughter. During the season they have 3-5 workers.
The farmer grows gooseberry, black currant, raspberry (15 ha), rape (10 ha), and wheat (15 ha). Crops are mainly sold to one wholesaler and individual clients.
The entrepreneur already has 4 tractors. In December 2021, he bought a New Holland Boomer 50, this tractor is dedicated to growers. He also has New Holland T60, Zetor, Ursus, and other professional machines needed for farm production like currant harvester, sprayer, spreader, and cultivating and sowing aggregate.
Currently, the project owner seeks to purchase more land which will be used to cultivate more berries.
The farmer received no income for 2021 because he stored grain and rapeseed and sold them in the beginning of 2022 for a better price.
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.