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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.
PL0001993
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 100.00 ha | 30.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 388,443.00 € | 119,904.00 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer received the farm from his parents in January 2015. Since then he's been taking care of it alongside them and his wife. He rears 2,000 fattening pigs per year, Danish breed cattle and 30 mixed breed cattle. Since the last funding, he has increased his pig farm by 200 head and leased an additional 20ha of land. He produces his own feed or buys it depending on the economic situation.
The current sowing structure are potato - 5ha, triticale - 20ha, barley - 20ha, rye - 10ha, maize - 45ha, and barley - 28ha.
The main equipment being used in the farmland are Fendt 716 2001 and New Holland Td5.105 2018. He also has other attachment such as ploughing and ploughless cultivation, pottinger 5-furrow rotary plough, disc cultivator, stubble breaker, coulter, seed drill, slurry tanker, New Holland press, Rauch fertiliser spreader.
The farmer applies sustainable practices on his farm. Fertiliser application and mixing within 12 hours, sowing of intercrops Previous financing was used for a Rauch fertiliser spreader and the purchase of piglets. The farmer will use the capital to purchase piglets and to purchase a sprayer.
HeavyFinance investor community has previously contributed to the development of his farm through his first three loans on the platform. Currently, the farmer has a total active balance of 65 746 € which he has been making payments on time.
The farmer has a plan to purchase 500 piglets as well as refinance his existing mortgage with other financial institutions. To achieve this, he needs 79,500 EUR from the HeavyFinance investor community, the amount has been divided into two smaller loan amounts. Both loans will be pledged with the same asset, agricultural loan ID RA1L/00026798/7, RA1L/00024259/3 with a value of € 56 4589 each, resulting in the 70% LTV. This is the first loan in line.
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.