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.
LT0001881
Project owner | Address |
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Marius Gilys | Šiaulių r., Meškuičių sen., Meškuičiai., J.Basanavičiaus g. 54 |
header_1 | Declared | Owned |
---|---|---|
Farming land | 417.46 ha | 199.49 ha |
2022 | 2021 | |
---|---|---|
Revenue | 649,131.00 € | 546,557.00 € |
Net profit | 81,070.00 € | 141,452.00 € |
Equity ratio | 38.24% | - |
HeavyFinance invites you to invest in a loan for a crop farm in Šiauliai District. The farm has been established since 2005. During the 17 years of operation, the owner has expanded the farm's territory and today farms a total of 417.46 ha, of which 199.49 ha are owned by himself.
The farmer grows wheat, barley, rapeseed and other crops.
The machinery fleet consists of two tractors, a combine harvester, a sowing machine, a grain transport trailer and other equipment. The farmer uses the most modern tillage techniques, one of which is no-till farming.
This is farmer's third loan on the HeavyFinance platform. Now farmer is asking short-term loan to cover his existing liabilities. This loan will be secured by a tractor.
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.