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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.
LT0001422
| Project owner | Address |
|---|---|
| Darius Pavydis | Šakių r.sav., Šakių sen., Gotlybiškių k. |
| header_1 | Declared | Owned |
|---|---|---|
| Dirbama žemė | 62.23 ha | 10.00 ha |
| 2022 | 2021 | |
|---|---|---|
| Revenue | 128,745.00 € | 75,658.00 € |
| Net profit | 42,399.00 € | 25,921.00 € |
| Equity ratio | 16.39% | - |
Documents
Payment schedule
Started farming in 2011, the agribusinessman runs a crop farm in the Šakiai region. He grows a variety of cereals, mainly wheat and rape. After starting as a mixed farm, he has refined his vision over the years and now focuses on cereal farming.
The project owner's machinery fleet is regularly renewed, with the recent purchase of a more efficient combine harvester and tractor. The farm also has other implements needed for its maintenance.
The project owner's declared land area: 62.23 ha, of which 10 ha are owned.
Funds from this loan will be used for his farm's working capital to cover operational expenses. To secure the loan, a pledge on a tractor Class Arion 640 (made in 2011) will be registered.
This is not his first loan on the HeavyFinance platform, he has borrowed 15 000 € with the loan LT0001095 and has been meeting his obligations on time.
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.