ProfiLoan for Farmers
Flexibilita
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ProfiLoan for Farmers
ProfiLoan for Farmers is a loan designed to be tailored to your farming needs. Our goal is to provide you with flexible financing that fits your seasonal needs. With the ProfiLoan for Farmers, you can access funding of up to 90% of your last subsidy payment received from Agricultural Paying Agency, with a maximum of up to € 90,000. With simple terms and conditions and fast processing, you can get on with your work without unnecessary delays.
Why ProfiLoan?
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fast processing,
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easy conditions for obtaining a ProfiLoan for Farmers,
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flexibility in drawing - funds are drawn directly from the client's special account in the form of an overdraft loan,
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min. € 3,000, max. up to € 90,000,
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the maximum amount of the loan is 90 % of the amount of the subsidy paid for the previous/last financed year, according to the decision issued by the APA. At the same time, the requested amount cannot be higher than the requested amount of the Support by the APA in the subsidy year that the client finances from the loan, up to a maximum of € 90,000.
Conditions for the grant and drawing
Getting the ProfiLoan is easy. Upon approval of your application, we will credit the loan amount to a special account where you can immediately draw funds for your operating needs.
- legal person or a natural person (entrepreneur),
- engaged in business activity in the field of agriculture for at least 2 years,
- meets the criteria for the creditworthiness of a business entity set by the bank.
Drawing, maturity and liability:
- a one-off overdraft loan to a special account,
- the APA Special Current Account is used to receive the Support from the APA by the Applicant and the subsequent repayment of the PROFILOAN for Farmers - an overdraft is set up in this account, from which funds are drawn on a one-off basis for the operational needs of the client,
- the repayment period until the support from the APA is granted, but no later than 30 June of the following year,
- the security for the loan is in the form of a surety contract.
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