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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.
PL0000873
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 110.00 ha | 30.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 50,095.00 € | 12,422.00 € |
| Net profit | 19,330.00 € | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been running the farm since August 2011. He has 30 hectares of his own and about 80 hectares of a lease. In addition, his father has another 30 hectares of own land and about 70 hectares of a lease.
The fields are sown with: wheat, rape, sugar beets, corn, soybeans, and mustard. The farmer has 2 tractors, a combine harvester, a unit, a rotary plow, a fertilizer spreader, a sprayer, a seeder, and trailers. In the last 5 years, he also purchased a power pack, plow, and trailers.
The farmer has a contract for sugar beets with Krajowa Grupa Spożywcza S.A. which is Poland's biggest and one of Europe's largest sugar producers. He has a couple of other contracts for corn and cereals.
Kamil has also an additional job as an ambulance driver, which gives him an additional income.
The loan from HeavyFinance will help the farmer's working capital.
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.