The livestock subsidy pre-financing loan
is intended for beneficiaries of the Transitional National Aid holding, raising and exploiting production animals of the bovine and/or ovine/caprine species, identified and registered with the national system,and in need of working capital financing in order to conduct their current business.
Thus, the loan from OTP Bank may also be used to pay obligations to the state budget and the other budgets until the subsidies from APIA (Agricultural Payments and Interventions Agency) are received.
What advantages does the livestock subsidy pre-financing loan offer you?
We finance your current business until payments are actually made by APIA. Thus, you are given the possibility of paying any debts to the state budget and the other budgets;
The granting fee may be paid from the loan;
We can finance up to 80% of the subsidy value to be received;
We accept guarantees issued by Guarantee Funds (FNGCIMM (National Loan Guarantee Fund for Small and Medium-sized Enterprises) or FGCR (Rural Loan Guarantee Fund).
You reimburse the loan in full on receipt of due amounts from APIA;
We provide counselling for the preparation of the documents necessary to access the loan and a quick response.What are the guarantees requested by OTP Bank for the livestock subsidy pre-financing loan?
- Mortgage on the amounts to be received from APIA;
- Mortgage on the current accounts opened at OTP Bank;
- Surety contract signed by the entrepreneur/representative of the individual enterprise/family-owned business;
- Gaurantees issued by Guarantee Funds (FNGCIMM, FGCR).
Would you like to access a livestock subsidy pre-financing loan? Fill in the form available here.
Here at OTP Bank we give you complete solutions for your business!