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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.
PT0000678
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Sole accountability
This loan is secured by sole accountability from the project owner. Read more about this security measure here.
About the project
The farmer declares 60 hectares of arable land, where he keeps 80 dairy cows and also grows cereal to feed the livestock. The surplus is sold to other milk produced around him.
This year, given the increase in the price of cereals, he expects a 15% growth in turnover from grain sales. It will allow the farm to invest in the acquisition of land to increase its production of cereals next year.
As the farmer is preparing for a new season, he seeks to purchase one more tractor and therefore he is seeking to get a loan from HeavyFinance investor community. He will use that tractor as collateral to provide more security to investors.
The current loan to value ratio of this loan is 75%. The farmer is, therefore, will be making payments of € 500 each month for one year to cover part of the loan faster to decrease the loan to value ratio. Later on, he will move to annual repayments of the principal amount. The interest will be paid monthly throughout the loan period.
Area of declared land: 60 ha of which 2 is owned
Annual interest - 12%
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.