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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.
LT0001928
| Project owner | Address |
|---|---|
| Vytenis Janušonis | Pasvalio r., Medinių k. |
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 130.48 ha | 54.09 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 175,887.00 € | 177,604.00 € |
| Net profit | 20,127.00 € | 52,146.00 € |
| Equity ratio | 28.74% | - |
Documents
Payment schedule
We invite you to invest in a loan for a crop farm in Pasvalys district. The farmer, who has been farming since 2012, gained his experience at early age, helping on his father's farm. The farmer declares 130,48 ha of land, of which 54,09 ha are owned. The farmer is continuously expanding the farm, bringing the total family farm to 200 ha.
The farm grows wheat and oilseed rape.
The farm's machinery fleet currently consists of three tractors, a combine harvester and other implements. The farm also has a mobile drying facility where harvested crops can be stored in 2 grain silos in the yard. These silos can hold 200 tonnes of produce and another 100 tonnes are stored in open storage (almost half of the harvest), allowing the farmer to sell the produce after the harvest season at a much better price. Since last year, the owner of the project has also started farming without tillage.
This is farmer's third project on a HeavyFinance platform, payments are made on time. Now the farmer is borrowing to increase his working capital. The loan will be secured by two plots of land as a collateral.
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.