Agro Working Capital
Is a product designed to finance the Agrobusinesses needs.
Benefits
Flexible repayment sched
Flexible repayment schedule
Favorable interest rat
Characteristic
It is a short term loan product designed to finance the agribusiness needs covering mainly the expenses for:
- Seeds, plants, saplings
- Fertilizers & pesticides
- Nutrients for animals or other similar products
- Agriculture, engineering tools, agro- processing
- Other operational expenses for business continuity
Terms of the Loan
- Maturity: up to 18 months
- Currency: in Lek only
- Flexible Loan Repayment depending on the seasonality of the activity
- Grace Period applicable depending on product cycle
- No collateral is required for loans up to 1.000.000 Lek
Required Documents
- Required Documents
- Legal documents for the activity
- Last three years Financial Statements
- Investment Plan documents
- Collateral documents
- Account Statements for last 12 months, from banks where the client has loans exposure
- Preliminary consent for the research in Albanian Credit Register of Bank of Albania.