NEW LOAN PROGRAMME LAUNCHED BY HBOR: WORKING CAPITAL FOR PRODUCTION AND PROCESSING IN AGRICULTURE AT 0.5% INTEREST AND NO FEES CHARGED
As a result of the cooperation of the Croatian Bank for Reconstruction and Development, the Ministry of Agriculture and the Paying Agency for Agriculture, Fisheries and Rural Development, a new loan programme has been launched: Working Capital for Production and Processing in Agriculture.
The Programme is intended for Croatian farmers and processing industry entities facing difficulties as a result of the crisis caused by the Russian aggression against Ukraine, and, under the Programme, they are offered funds for financing liquidity and uninterrupted continuation of business at more favourable terms and conditions.
Loans in the amounts ranging from EUR 100,000 to EUR 250,000 will be approved by HBOR directly at the fixed interest rate of 0.5% per year, without the obligation to pay fees that are normally charged when a loan is approved. The loans will be secured with collateral in the form of the borrower's debentures and repaid within the repayment period of up to 5 years (up to 12-month grace period included).
Loan funds are intended to be used to eliminate instabilities in production and to finance current business operations (production preparation, raw materials and other materials, other production costs, labour costs, payment of obligations to suppliers and other general costs of current business). Loan obligations to commercial banks and other financial institutions, VAT and refinancing of existing loans cannot be financeded.
Loan applications can be submitted from 2 October 2023, and the Programme will be available to the borrowers until 31 December 2023, which is the deadline for contracting loans with the borrowers under this Programmere.
More information is available here
The Programme is intended for Croatian farmers and processing industry entities facing difficulties as a result of the crisis caused by the Russian aggression against Ukraine, and, under the Programme, they are offered funds for financing liquidity and uninterrupted continuation of business at more favourable terms and conditions.
Loans in the amounts ranging from EUR 100,000 to EUR 250,000 will be approved by HBOR directly at the fixed interest rate of 0.5% per year, without the obligation to pay fees that are normally charged when a loan is approved. The loans will be secured with collateral in the form of the borrower's debentures and repaid within the repayment period of up to 5 years (up to 12-month grace period included).
Loan funds are intended to be used to eliminate instabilities in production and to finance current business operations (production preparation, raw materials and other materials, other production costs, labour costs, payment of obligations to suppliers and other general costs of current business). Loan obligations to commercial banks and other financial institutions, VAT and refinancing of existing loans cannot be financeded.
Loan applications can be submitted from 2 October 2023, and the Programme will be available to the borrowers until 31 December 2023, which is the deadline for contracting loans with the borrowers under this Programmere.
More information is available here