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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.
LT0000002
| Project owner | Address |
|---|---|
| Rytis Darginavicius, UAB NOVA RENT |
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | - | - |
| Revenue |
| Net profit |
| Equity ratio |
Documents
Payment schedule
Nova rent UAB (hereinafter, the “Project Owner”) is a leading company in the used agricultural equipment rental industry. In order to increase working capital, company seeks to get a loan backed by the tractor John Deere 9520T.
Purpose of the loan
The purpose of the loan is to increase working capital.
Project investment return and interest payment
- Start of the loan financing period on the HeavyFinance (Platform Operator) platform: 2020-06-18
- End date of the financing period: 2020-07-02, or until the loan is fully financed.
- Investment: from 100 €
- Annual return on investment: from 10.4% to 12,8%.
- Loan term: 12 months
- Interest on the loan amount is calculated from the date (inclusive) on which the loan amount is paid into the beneficiary's account.
- Interest is paid monthly and the first interest payment is made one month after the loan disbursement date.
- Principal will be paid in the end of the loan term.
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.