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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.
PL0002248
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 210.00 ha | 46.00 ha |
| 2023 | 2022 | |
|---|---|---|
| Revenue | 211,686.73 € | 165,381.23 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been farming since 2016, when he took over 46ha from his father, and has since expanded his farm to 210ha of which he owns 46ha. On the farm, he produces crops and raises beef and milk cattle. His sowing structure consists of 40ha of rye, 32ha of barley, 14ha of peas, 24ha of wheat and 12ha of beets or corn. The rest is grassland. His herd consists of 50 head of cattle for fattening.
On the farm he uses machinery such as: STAL-TECH 2018 tillage unit. LELY disc mower 2016. In the next 3 years, the farmer plans to regularly increase the herd of beef cattle to 200 head. In addition, he would like to look into modernizing the buildings he already owns and buying land on his property
The loan is to be used to pay off the lease on one of the machines and finish the cattle building.
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.