Agricultural Loan Secured by Subsidies

Benefits

• Flexible financing for agricultural producers
• Loan amount – up to 100% of the total expected subsidy, based on a submitted application for support
• Early-stage financing based on a farm registration questionnaire card
• No loan application review fee
• No fee for early repayment using funds from the subsidy received
• A financial product tailored to farmers’ needs
• Quick response after submission of the required documents
• Individual repayment schedule tailored to the nature of the business
• Option to extend the loan term for a new agricultural year
• Financing for farmers’ business ideas, production, marketing and opportunities
• Seeds, seedlings and other planting material
• Fertilisers, crop protection products, chemicals, herbicides and pesticides
• Animal feed
• Marketing of agricultural produce
• Packaging
• Fuel, oils and lubricants
• Repair and maintenance of machinery
• Insurance
• Purchase of agricultural land
• Production facilities, agricultural buildings and storage premises
• Agricultural machinery, specialist farming equipment and irrigation systems
• Farm animals
• Advance payments to suppliers
• The loan is available as a credit line, overdraft or standard working capital loan
• The loan amount is determined by the expected or received subsidies under direct-payment schemes and measures
• The agreed amount may be drawn down for the stated purpose in a single payment or in instalments
• Option to draw down loan funds in cash or by bank transfer
• Loan term – up to 18 months, but no later than 30.06. of the year following the loan’s approval
• No requirement to provide documents evidencing expenditure
• Pledge of the receivable for funds that the applicant expects to receive under the relevant schemes and measures
• Agricultural producers supported through the State Fund Agriculture under EU Common Agricultural Policy schemes and measures