Guarantees for farmers

If the existing collateral is not sufficient for a bank loan, the ALTUM guarantee may help. Funding is available from #EUfunds to foster business development in rural areas. Supported by the Ministry of Agriculture and the Rural Support Service. Read more about the EU agriculture support for rural development.

Guarantee

• Up to 80% of the principal amount of financing

• Up to 1.5 m EUR, for cooperatives – 3.5 m EUR

• Up to 10 years

Guarantee secures

• Investment loan

• Working capital loans

• Leasing and factoring finance

• Bank guarantees, advance payments, performance or time guarantees, etc.

Costs for Investment loan and financial leasing guarantee

• A one-time guarantee fee is applied. Fee to be determined based on term and amount of guarantee, as well as financial indicators of a customer

• The guarantee fee is up to 0.85% of the granted guarantee. Base rate amounting 0.25% of a guaranteed amount shall be added to the interest specified in the price list and is based risk class evaluation of a customer

Cost for working capital guarantees

• Annual rate of 0.2 – 2.15 %, depending on rating and security