Agricultural Development Working Capital

The Development Working Capital for Farmers aims at financing farmers & farming businesses of any legal form for implementing their investment plans through up-front payment of a subsidy.

DESCRIPTION
Working Capital for farmers that wish to receive an approved subsidy from a Development Program (Rural Development Program 2014-2020, etc.) in advance.
IDEAL FOR
Farmers and agricultural holdings included in Development Programes
INTEREST RATE
Variable based on the BFR (Basic Rate for Farmers)
plus the Law 128/1975 levy
DURATION
Up to 3 years, with the option of extending it
REPAYMENT
Capital: as soon as the subsidy is paid

Interest: Payment of interest every 6 months
FINANCING
AMOUNT
Minimum amount up to €5.000
DESCRIPTION
Working Capital for farmers that wish to receive an approved subsidy from a Development Program (Rural Development Program 2014-2020, etc.) in advance.
IDEAL FOR
Farmers and agricultural holdings included in Development Programes
INTEREST RATE
Variable based on the BFR (Basic Rate for Farmers)
plus the Law 128/1975 levy
DURATION
Up to 3 years, with the option of extending it
REPAYMENT
Capital: as soon as the subsidy is paid

Interest: Payment of interest every 6 months
FINANCING
AMOUNT
Minimum amount up to €5.000

Features

Amount
Minimum amount up to €5.000

Duration
Up to 3 years, with the option of extending it

Interest Rate
Variable, based on:
The Base Rate for Farmers (BFR)
Interest rates are also subject to the Law 128/1975 levy, currently at 0.60% (or 0.12% where this is foreseen).

Disbursement
In instalments as the investment progresses, in line with the development program.

Repayment
At the end of the subsidy, as specified by the organization managing the development program:

  • Payment of capital as soon as the subsidy is paid
  • Payment of interest every 6 months

Early repayment option
Without penalties, for all or part of the subsidy.