Although in recent years fewer young people have remained in Romanian villages to live there permanently, there are still those who wish to trade city life for the countryside. One of the main reasons for this choice is the access to healthy food that village life offers.
Agriculture has always been an important sector in Romania, and in 2019 anyone can start a small business in their home village. Whether your business focuses on fruit growing, organic farming, or animal husbandry, you can now benefit from the best agricultural loans offered by reputable non-banking institutions.
Here are the main purposes of the most advantageous non-banking financing options for the agricultural sector.
Table of Contents
Agricultural Loans – Funds for Working Capital
Agricultural Loans – Funds for Investments
Agricultural Loans – Funds for Working Capital
As an entrepreneur in the agricultural sector, you know that you need financial support to maintain the working capital your business relies on for development. Agricultural business loans are easy to obtain, requiring only a minimal set of documents.
The financed amounts cover a wide range of working capital needs, including:
- Funding for establishing stock inventories
- Loans to cover payments to suppliers
- Financing for paying employees’ salaries or taxes to the state
Depending on the purpose of the requested loan, you can benefit from a repayment period of up to three months for urgent working capital needs. The application process is transparent and flexible, with decisions provided in just two days for loans up to 45,000 RON.
Additionally, if you decide it’s the right time to refinance existing working capital loans obtained from other institutions, Mikro Kapital offers this option with flexible repayment schedules and no upfront payment required.
Agricultural Loans – Funds for Investments
Since agricultural businesses have significant growth potential, non-banking loans for agriculture also cover a wide range of investments, whether short-term or long-term. The main purposes of these loans include:
- Acquisition of agricultural machinery necessary for smooth farm operations
- Purchase of agricultural land used for production
- Acquisition of halls and storage facilities for harvested products
- Construction of greenhouses and solar tunnels for organic farming
- Purchase of animals for livestock-based businesses
- Acquisition of irrigation systems and other essential investments
A major advantage of Mikro Kapital’s agricultural investment loans is the extended repayment period, which can be up to 10 years, depending on your business type.
The repayment plan is also aligned with the seasonality of your business, ensuring that you can return the borrowed amounts under the most advantageous conditions.
Moreover, if you have previously obtained investment loans from other institutions and want to refinance them, this can now be done using Mikro Kapital’s agricultural loans.
Non-banking agricultural loans are especially advantageous in 2019, as they support small and medium-sized enterprises, ensuring a positive impact on the investment market. Niche markets, such as agriculture, require a constant financial flow to grow, and entrepreneurs in this sector can now benefit from the support of these institutions to develop sustainably and long-term.
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