Bauskas rajona Viesturu pagasta zemnieku saimniecība "STRAUTMAŅI", registration No.43601021306 (hereafter – The Borrower), has applied for registration on LendSecured in order to obtain capital for lease of machinery and purchase of fuel.
This project gives an opportunity to make a loan with an annual rate of 11%, LTV of 49%, loan term of 4 months, with monthly manner of interest payments.
The Borrower is a farm, whose commercial activity is related to growing of cereal and sugar beet and pig farming. The Borrower has sowed winter wheat with predicted harvest amount of 46 tons. The Borrower has already concluded a sales agreement with the buyer of the harvest, which will ensure repayment of the loan.
The price of wheat is determined by the stock exchange and at the time of the harvest will be approximately EUR 205 per ton, thus the value of the harvest is estimated at EUR 9 430.00.