Agricultural development and assistance to small businesses are considered one of the priority areas in the country. Not only the state, but also banks are ready to support such production. Therefore, you can take out a loan for the development of your business on favorable terms and with a low interest rate.
Instructions
Step 1
Check if you meet the conditions that allow you to take out an agricultural loan. The borrower must be at least 18 years old and no more than 65 years old before the full repayment of the debt. The bank must have a personal account, and there must be a registration record in the household log of the local administration. If you find yourself the only employee of the company, you need to take out health and life insurance.
Step 2
Assess the level of organization of your farm. To obtain a loan, you need to have a minimum set of equipment that is necessary specifically for your production. For example, a livestock farm should have the necessary buildings for keeping livestock, a warehouse for storing products and feed. Grain enterprises need to have planting and harvesting equipment available.
Step 3
Provide the bank with documents confirming your solvency. These can be certificates from the main place of work, forms 2-NDFL or settlement documents demonstrating the receipt of profit from running a household. The amount of the loan provided to you depends on the amount of the confirmed income. Show the bank documents about the property you have that can serve as collateral for a loan, for example, a car, apartment or land.
Step 4
Determine the purpose of obtaining a loan. Loans granted for a period of up to 2 years are issued for the purchase of seeds, livestock, purchase of fertilizers and payment of land lease. Obtaining such a loan allows you to pay off the debt without interest during the year. For the purchase of equipment, the construction or reconstruction of structures, the purchase of land for agricultural needs, a different credit program is provided. The money is issued for a period of up to 5 years with a two-year grace period for repayment. However, the loan amount cannot be more than 300,000 rubles.
