Agricultural businesses have become increasingly popular in recent years due to the growing interest in cultivating healthy foods. Agriculture has always been an important sector in Romania, which is why both banking and non-banking institutions continue to support businesses developed in this field.
If you have an agricultural business with at least 6–12 months of operational history and want to grow it by acquiring new or used equipment, you can now discover the loan conditions you need to meet.
Table of Contents
Agricultural Loans from Non-Banking Institutions – Why Are They Advantageous?
Non-Banking Loans for Agricultural Producers – Required Documents
Advantageous Loans for PFA and II – Required Documents
Loans for Agricultural Companies – List of Required Documents
Most Advantageous Loans for Agricultural Equipment – Conditions to Meet
Agricultural Loans from Non-Banking Institutions – Why Are They Advantageous?
Although when we hear the term "loan" we often think of banks, it is important to know that there are advantageous loans for agriculture offered by non-banking institutions as well.
The main advantage of these financing options is the reduced amount of paperwork required to obtain the loan and the ease of getting information from consultants who review the loan applications. Non-banking institutions support the development of promising sectors in Romania, including agriculture.
Here are the documents you need to obtain an advantageous loan for your agricultural business.
Non-Banking Loans for Agricultural Producers – Required Documents
If you are classified as an agricultural producer, you will need the following documents to prepare your non-banking loan application:
- Copy of the producer’s ID and spouse’s ID (if applicable)
- ROL certificate – issued by the local municipality
- APIA declaration
- Other documents required for analysis (depending on the situation)
Advantageous Loans for PFA and II – Required Documents
If you have recently established a PFA (authorized natural person) or II (individual enterprise) in the agricultural sector, you can benefit from advantageous non-banking loans to purchase agricultural equipment.
Required documents include:
- Copy of the PFA/II owner’s ID and spouse’s ID (if applicable)
- Establishment resolution of the PFA/II
- Legal documents of the PFA/II
- Other documents required for analysis (depending on the situation)
Loans for Agricultural Companies – List of Required Documents
For agricultural companies seeking financing to expand, you can obtain advantageous non-banking loans to purchase agricultural equipment.
Required documents include:
- Copy of the administrator’s or partners’ IDs, including spouse’s ID (if applicable)
- The company’s first constitutive act along with the resolution
- Legal documents of the company
- Other documents required for analysis (depending on the situation)
Most Advantageous Loans for Agricultural Equipment – Conditions to Meet
To submit your loan application to a non-banking institution and benefit from the most advantageous loans for purchasing agricultural equipment, you must meet the following conditions:
- The company / PFA / II / agricultural producer applying for the loan must have been active in agriculture for at least one season. The duration depends on the specific activities and can range from 6 to 12 months.
- Mikro Kapital’s non-banking loans for agricultural equipment are available for both new and used machinery, allowing borrowers to acquire multiple machines at reduced prices for long-term business growth.
- If you are applying for an agricultural loan of up to €30,000, you can secure the financing with the agricultural equipment itself.
- Due to the seasonal nature of agricultural businesses, non-banking loans include a flexible repayment plan, allowing you to repay the borrowed funds on time according to your cash flow.
Now, you can grow your agricultural business by accessing advantageous non-banking loans for purchasing equipment. Depending on your needs, these loans can cover up to 100% of your investment project.
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