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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.
PL0002453
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 29.00 ha | 10.32 ha |
| 2024 | 2023 | |
|---|---|---|
| Revenue | 102,385.55 € | 51,931.43 € |
| Net profit | - | - |
| Equity ratio | - | - |
Documents
Payment schedule
The farmer has been farming since 2017, when he took over 10.32 hectares from his parents. Since then, he has expanded his farm to 29 hectares of which he owns 10.32ha. On the farm, he grows crops and raises cattle. He works on the farm independently. His crop structure consists of 10ha of corn, 10ha of barley and the rest is grassland. His herd consists of 320 sheep, 12 sows and 30 beef cattle.
On the farm, he uses such machinery as:
- WEIDEMANN 2016 loader
- MCHALE 2020 baler
- POTTINGER 2018 rake
- POZNANIAK 2020 seeder
- KRUKOWIAK 2020 sprayer
In the next 3 years, the farmer plans to increase the herd of dairy cows to 60 head, expand the garage building and purchase as much of the leased land as possible.
He wants to use the loan to refinance his remaining obligations at HeavyFinance.
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.