About the Agricultural and Rural Development Credit Guarantee programme
Rural Enterprises
An opportunity for entrepreneurs operating in the field of agricultural and rural development to receive bank loans for business development if their collateral is not sufficient for the receipt bank’s financing.
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The guarantee rate up to 80% of the loan principal amount for a period of up to 10 years.
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The maximum amount of a guarantee is EUR 1 million per one company or a group.
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The maximum amount of a guarantee is EUR 2 million per one agricultural services cooperative.
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The guarantee can cover: an investment loan, a working capital loan, a bank guarantee for entrepreneurs operating in the field of agricultural and rural development under a condition such entrepreneurs have applied for the aid at the Rural Support Service within the scope of the Common Agricultural Policy implementation measures.
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A credit guarantee is issued on the basis of new financial obligations only.
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The objective of the guarantee is to provide additional collateral for entrepreneurs operating in the field of agricultural and rural development could receipt a bank financing for implementing their a business projects.
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The guarantee is issued for agricultural and rural development projects within the scope of Commission Regulation No. 702/2014 of 25 June 2014 and Commission Regulation No. 717/2014 of 27 June 2014, and also is provided as de minimis aid in accordance with Commission Regulation No. 1408/2013 of 18 December 2013 and Commission Regulation No. 1407/2013 of 18 December 2013.
Contact banks for credit guarantee receiving
ALTUM partnersContact our consultants for more information
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Vineta Zepa
vineta.zepa@altum.lv 67774055 -
Māris Vasiļjevs
maris.vasiljevs@altum.lv 67774259 -
Marina Tolkuškina
marina.tolkuskina@altum.lv 67774249 -
Natālija Čerņauska
natalija.cernauska@altum.lv 67774077 -
Ilona Adamaite
ilona.adamaite@altum.lv 67774265