The AgriPlus provides financial assistance to farmers, in terms of both working capital and long-term capital expenditure requirements, in connection with their farming activities. This facility may be available by way of Loan, Overdraft, or One-Account, or a combination of these facilities.
The AgriPlus Loan is intended to provide the necessary financial resources required by the farmer to acquire fixed assets, in order to improve the farm’s operating activities in terms of efficiency, compliance as well as business expansion.
The AgriPlus Overdraft provides the farmer with the necessary working capital, required to bridge short-term cashflow shortages, arising from a mismatch between inflows and outflows.
The One-Account is a combination of the AgriPlus Loan and the AgriPlus Overdraft, aimed at addressing both working capital and long-term investment requirements, through one borrowing facility. The One-Account concept intends to provide flexibility with the key benefit of saving on interest payments, by routing all income / business takings into this account, thereby reducing the daily debit balances and hence saving in terms of debit interest charged on daily debit balances.
You can borrow up to a maximum of €350,000, provided that:
- the borrowing amount will not exceed 80% of the total investment required;
- annual banking commitments will not exceed 30% of income;
- the term of the Agriplus Loan or Agriplus One-Account will not exceed 20 years.
The Bank follows established banking practice when evaluating the impact that such investment would have on your business and the feasibility of total banking commitments.
Terms and Conditions/Termini u Kundizzjonijiet
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