Financing for Agricultural Producers
Agriculture has a rhythm of its own — the costs come in spring, the income in autumn.
That is why we have developed products that follow the campaign cycle and build on what you have already earned: your expected subsidies and your approved projects.
The products are intended for agricultural producers — legal entities and sole traders with at least 3 years of activity.
- Secured credit line for active farmers
Working capital for the current campaign — seeds, planting material, fertilisers, land rents — against a pledge of your expected subsidies and interventions from State Fund “Agriculture” (SFA). You do not wait for the autumn payment to finance the spring work.
| Amount |
from EUR 5,000 up to EUR 100,000 (micro) / up to EUR 250,000 (small enterprises); up to 85–95% of the expected support, depending on the stage of the campaign and the documents presented from SFA |
| Term |
12 months, renewable for a new campaign |
| Repayment |
automatically with the incoming SFA payments on your account with the Bank |
| Interest rate |
floating — the Bank’s reference interest rate + margin based on the client’s risk profile |
| Collateral |
special pledge over the receivables from SFA (subsidies/interventions) and over the accounts with the Bank |
| Advantage |
the account receiving the subsidy is serviced free of charge for the entire term of the loan |
- Loan for purchase of agricultural machinery under an operational programme
Bridge and investment financing of an approved project under an operational programme: the Bank provides the funds for the purchase of the machinery, and the received grant repays part of the loan early, without changing the amount of your monthly instalment.
| Amount |
from EUR 5,000 up to EUR 100,000 (micro) / up to EUR 250,000 (small enterprises); up to 80% of the market value of the machinery under the project |
| Own contribution |
at least 20% of the project value (excluding VAT); VAT is payable by the client |
| Term |
up to 60 months when secured by the acquired machinery; up to 84 months with a mortgage on real estate |
| Grace period |
up to 6 months; utilisation period up to 6 months |
| Repayment |
equal monthly instalments; the received grant mandatorily prepays the last instalments |
| Interest rate |
floating — the Bank’s reference interest rate + margin based on the client’s risk profile |
| Collateral |
pledge of the machinery under the project and of the receivable under the approved grant; a mortgage is possible |
If expected SFA subsidies are free of pledge, they can be accepted as additional collateral for the loan.
Request a consultation on +359 2 9300 140