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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.
PL0002134
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 40.00 ha | 30.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 212,786.00 € | 218,020.00 € |
| Net profit | 24,862.66 € | 4,599.74 € |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been farming since 2015, when he took over 25ha from his parents. Since then, he has managed to expand the farm to 40ha of which he owns 30ha. On the farm he mainly produces milk and owns 15ha of corn for chaff. His herd consists of 70 milking cows, 15 heifers and 15 calves. On the farm he uses machinery such as:
PRONAR trailer 2011
KUHN disc mower 2014
MCHALE rake 2021
KUHN turning machine 2018
STORTI forage truck 2024
GASPRARDO seeder 2016
The farmer has ambitious plans to expand his dairy cow herd and plans to double the number of milking cows in the next 3 years in order to increase revenue. He also plans to upgrade his machinery.
The client needs funds to expand the barn to accommodate more cows.
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.