|Project rating||Originator rating|
The risk scoring provided for this project has been assessed by the originator. The risk scoring is of an informative nature only & can not be considered investment advice.
With this project, we invite the HeavyFinance investor community to invest in the development of a Lithuanian farm heavy machinery fleet. The received funds will be used in order to purchase a new trailed disc harrow from Dotnuva Baltic, UAB. The loan will be secured by pledging the purchased equipment.
The project owner has been successful in the agriculture field for seven years. During this time he expanded his crop farm in Pasvalys district from 60 to 174.86 ha of declared land areas. Beans, wheat, and dill are mainly grown here.
Having recently rented more lands, the project owner is looking for funding opportunities to purchase new equipment. With this project, the farmer borrows 30.000 €, which will be used to purchase a trailed disc harrow Kverneland Qualidisc Pro.
Currently, the farm heavy machinery fleet consists of four tractors, a drill, a combine, a cultivator, and other equipment necessary for harvest preparation.
The entrepreneur is not only planning to purchase new equipment but also to complete the grain storage facility that is now under construction. After acquiring more plots of arable land the farmer expects a successful season, therefore he prepares for it in advance.
HeavyFinance investors have already provided the farmer with financing to purchase another new agricultural equipment unit. With the LT0000100 project the farmer borrowed 41.500 € for a new seeder Kverneland u-drill.
Area of declared land: 174,86 ha, from which 27 ha is owned by the farmer.
Equipment seller: Dotnuva Baltic, UAB
Value of pledged property: 42.955 €
Loan to current asset value ratio: 70%
Nuosavybės ir turto santykis
The Interest will be paid monthly.
The Interest is calculated from 16 working days after full loan financing.
Minimum loan term: 4 months
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.