With support from a bank, it is easier to develop your farm and secure higher income through investments.
Before you start talks with a bank, find out what types of loans are offered to farmers. This will help you define what you are looking for and increase your chances of using banking products.
A preferential loan with an interest subsidy from ARiMR is available only at certain banks.
The primary task of the Agency for Restructuring and Modernisation of Agriculture is to support rural areas and the development of agriculture throughout Poland. Through cooperation with ARiMR, banks can grant farmers cheaper loans with partial interest repayment. You can obtain a preferential loan from banks such as:
- Bank Polskiej Spółdzielczości S.A.
- SGB-Bank S.A.
- Santander Bank Polska S.A.
- Bank PEKAO S.A.
- Bank Ochrony Środowiska S.A.
- Bank BGŻ BNP Paribas Polska S.A.
- Krakowski Bank Spółdzielczy
Preferential loans can be taken to finance investments. If you apply for a preferential disaster loan, you can also obtain a working-capital loan to finance the farm’s current needs.
A cash loan for a farmer for any purpose – no subsidies, but fewer requirements.
The basic document that must be presented when applying for subsidized loans is an investment plan (for investment loans) or a damage assessment report (for all disaster loans). Sometimes, however, a farmer wants to obtain additional funds without necessarily indicating the purpose for which they plan to use them. In this case, a better solution is a cash loan for farmers. To obtain one, it is enough to have sufficient creditworthiness and a good history with the Credit Information Bureau (BIK).
A consolidation loan is useful for farmers who have problems repaying their existing obligations.
If you have still not managed to repay your credit obligations, this does not mean that you are unable to apply for further loans. A consolidation loan can be useful for farmers who would like to extend the repayment period and thereby reduce their installments. In this situation, the bank can repay all your existing liabilities and grant you a new loan better suited to your current needs. Importantly, this can also provide additional cash for current expenses.
A bank may also offer farmers leasing for machinery and equipment.
Instead of a typical loan for a farmer, you can choose agricultural leasing. Leasing differs from a loan in that, instead of money, you receive the right to use equipment needed in agriculture. The equipment you use can later be purchased for a much lower price. You can sign a leasing agreement for both new and used equipment, which makes it easy to adapt the costs to your means.