For farmers

Successful farming starts with good advice

Financing options for your farm

Farm leasing for agricultural machinery.
Long-term loans for farmers.
Loans for the purchase of agricultural land.

Information regarding potential risks

Improper fulfilment of your financial obligations increases your funding costs and can negatively affect your credit history; moreover, if the agreement is terminated due to a material violation on your side, forced debt recovery may be launched and in case of leasing agreement you may lose not only paid premiums but also your ownership right to the pledged property.

Topical! For a loan agreement signed with guarantee provided by UAB “Žemės ūkio paskolų garantijų fondas” you can submit an application for interest compensation from this company.

Learn more

Acquisition of agricultural machinery or equipment.
Construction or reconstruction of a farm, warehouse, grain drying facility or any other piece of real estate.
Investment in biological assets (perennials planted for agricultural products, cattle and other domestic animals acquired for production of milk, for reproduction and breeding of herd).
Acquisition of agricultural land.

Loan amount from 10 000 EUR.
Term up to 5 years, for purchasing agricultural land up to 20 years.
Amount of loan when agricultural land is used as a collateral shall not exceed 90% of the market value of the pledged assets.
Annual interest rate is determined individually.
Loan is repaid in instalments distributed throughout the entire loan period. Interest is paid on a monthly basis.
Amount of loan when land and buildings are used as a collateral shall not exceed 70% of the market value of the pledged assets;
Amount of loan when other real estate or facilities/equipment are used as a collateral shall not exceed 50% of the market value of the pledged assets;

Pledge of account balances in Swedbank (in all cases).
The investment object itself needs to be pledged.
Pledge of land and buildings, other movable or immovable property.
Sureties and guaranties.
Loan guarantees from UAB “Žemės ūkio paskolų garantijų fondas”
INVEGA programmes

Fees

Loan (investment loan, working capital loan, overdraft (credit on bank account), credit line, guarantee limit, and other loans for corporate customers, except loans mentioned below as well as loans subject to separate fees approved).

Service or transaction	Fee, EUR
Fee for concluding (managing) the loan agreement	0.4–1.5 % of the amount of the loan (min EUR 120)
Fee for increasing the amount of the loan	0.4–1.5 % of the amount of the loan to be increased (min EUR 120)
Fee for revising interest, extending the loan, revising the schedule of repayment of the loan (not applicable to guarantee limit)	0.4–1.5 % of the amount of the loan (min EUR 120)
Fee for revising other terms and conditions of the loan	EUR 80
Commitment fee	0.26–4.71 % of the unused amount of the loan
Commitment fee (applicable to uncommitted credit line and uncommitted overdraft)	0.2 %
Issuance of permits / consents	EUR 20

Agricultural and forestry equipment.
Construction equipment - tractors, bulldozers, excavators.
Utility equipment – loaders, forklifts.
Manufacturing equipment etc.

Financed asset value: from EUR 8 000.
Contract term: from 6 months to 5 years.
Down payment: from 15%.
Financing of new and used agricultural, warehouse, construction machinery and production equipment.
Asset age at the end of the contract: cannot exceed 12–17 years (depending on the type of asset).
Leasing guarantees from UAB “Žemės ūkio paskolų garantijų fondas”

Learn more about equipment leasing

Fees

Service or operation name	Fee
Fee for concluding the agreement
Fee for concluding a lease/operating lease agreement	From 1 % of the property value, minimum EUR 200 (plus VAT in the case of operating lease)
Additional fee for concluding/changing a lease/operating lease agreement when a car appraisal report¹ is not provided (in that case the property value shall be determined by the Company itself; a car is delivered for examination to the place and at the time specified by the Company (if Company does not specify that car appraisal will be done without car delivery for examination))²	EUR 90 (plus VAT in the case of operating lease)
Fee for amendment to the agreement
Fee for amendment to the agreement	EUR 150 (plus VAT in the case of operating lease)
Fee only for extension of the operating lease agreement for up to 2 months	EUR 75 plus VAT
Fee for changing the date of payment	EUR 30 (plus VAT in the case of operating lease)
Unless the agreement provides otherwise, the fee for amendment to the agreement shall not be charged in the case of the following amendments: - adjustment of the property value after import; - deferral/shortening of the term of periodic payments when the seller delays the delivery of the property/delivers the property earlier; - inclusion, change, refusal of the property insurance organisation service; - inclusion of services in the agreements of lease with services; - refusal or inclusion of the service of the organisation of compulsory insurance of civil liability of the property user; - adjustment of the property specification (without changing the price of the property).
Fee for the authorisation for the sub-rent, sublease, loan-for-use of the property (the fee shall be charged per each agreement separately)	EUR 30 plus VAT
Fee for the arrangement on the conditional pledge of the property or for a trilateral arrangement on the redemption of the property	EUR 100 plus VAT
Fee for the issue of a certificate: a certificate for audit purposes and different other certificates	EUR 25 plus VAT
Fee for the issue of a certificate granting the right to travel abroad (the fee shall not be charged when the certificate is issued to a customer (manager of the customer's company))	EUR 10 plus VAT
Fee for the issue of documentary copies
Agreement copy with annexes	EUR 10 plus VAT
Copies of other documents (a fee for copies of VAT invoices shall be charged only for the invoices issued more than 2 months before)	EUR 3 plus VAT per page
Duplicates of completion deeds shall be issued free of charge.
Private customers submitting a written request shall have the right to receive free of charge the relevant schedule of payments. The schedule of payments shall also be posted on the internet bank of Swedbank.
Fee for resumed validity of agreements upon cancellation of their termination
When agreements are resumed during the same month in which they were terminated	For one agreement - from EUR 90, for each additional agreement - from EUR 30 (plus VAT in the case of operating lease, and also in the case of lease, without making changes in the schedule)
When agreements are resumed which were terminated during the previous or earlier month	For one agreement - from EUR 90, for each additional agreement - from EUR 30 (plus VAT in the case of operating lease), also paying the amount of interest unpaid during the termination period according to all agreements being resumed (issuing one single invoice)⁴
Operating lease agreement termination fee (is charged when the agreement is terminated on the customer's initiative and consent of the Company, when the property is transferred to the customer for use)⁵
When, at the same time, a new lease or operating lease agreement is concluded with the Company	EUR 80 plus VAT
In all other cases	EUR 160 plus VAT
Property sale administration fee upon expiry or early termination of the operating lease agreement (when the Company agrees to sell the property)⁵:
Property sale to the customer who has leased it	From EUR 450 plus VAT
Property sale to a third party	From EUR 600 plus VAT
Additional one-time services (if not included in the agreement): handing of the insured event, performance of technical maintenance and roadworthiness testing, roadside assistance for 24 hr, delivery of a replacement car to another city, car wash, etc.	EUR 40/h plus VAT
Replacement car (if not included in the agreement)
A replacement car service shall also cover a short-term car rent service, provided that at least one operating lease agreement or parking maintenance agreement concluded with the customer is valid.

Price per day, EUR, plus VAT
Number of days	Economic	Compact	Medium	Large
1-7 days	29 EUR	35 EUR	41 EUR	53 EUR
8-14 days	24 EUR	29 EUR	35 EUR	47 EUR
15-21 days	21 EUR	24 EUR	29 EUR	41 EUR
22-29 days	18 EUR	21 EUR	27 EUR	35 EUR
Price per month, EUR, plus VAT
1-11 months	377 EUR	435 EUR	522 EUR	638 EUR
Price per month, EUR, plus VAT, when a replacement car is rented until delivery of the property ordered by the customer
1-11 months	290 EUR	348 EUR	435 EUR	551 EUR

Where monthly fees are charged, mileage shall be limited to 3 000 km/month.

Additional fees
Fuel supply fee	According to actual costs
Fuel supply administration fee	EUR 15 plus VAT

¹ A car appraisal report issued by the appraiser acceptable to the Company shall be required when the obligations by existing contract are transferring to the new customer or car is purchased from the seller who is not included in the List of Sellers Acceptable to the Company.

² This option is available: (1) in the cities of Vilnius, Kaunas and Klaipėda, when the car is delivered for inspection at a place and time specified by the Company; (2) in other cases, the Company may waive the requirement to deliver the car for inspection by specifying a different valuation procedure.

³ A separate fee for the issuance of a certificate shall apply for each period of twelve calendar months or for each commitment date specified in the application. A fee of EUR 25 plus VAT shall be charged for a certificate not relating to a time period or commitment date.

⁴ Foregone interest shall be calculated by multiplying the amount of interest on the first unbilled invoice in the schedule by the number of unbilled invoices/periods (until reinstatement of the agreement).

⁵ This fee may be included in the sale price of the leased property or paid separately.

What is it for?

By declaring your crops you get direct payments but they are actually paid out later than you need? Knowing how important it is to receive direct payments for declared crops on time, we offer you a loan which is given taking into consideration the amount of direct payments receivable for crops. You can use this loan to carry out all your seasonal farm works.

The amount of loan ranges from EUR 4 500 to EUR 100 000.
Contract term – up to 18 months.
Annual interest rate is determined individually.
The loan is given before the receipt of direct payments.
The loan is given by transferring money to your account, for this reason, you will not need to bother how to repay the used loan. The limit of the loan will be reduced each time direct payments are received in your account.
The amount of loan depends on the amount of receivable direct payments; funding is provided for up to 70% of receivable payments.

Fees

Service or transaction	Fee, EUR
Fee for concluding (managing) the loan agreement	0.4–1.5 % of the amount of the loan (min EUR 120)
Fee for increasing the amount of the loan	0.4–1.5 % of the amount of the loan to be increased (min EUR 120)
Fee for revising interest, extending the loan, revising the schedule of repayment of the loan (not applicable to guarantee limit)	0.4–1.5 % of the amount of the loan (min EUR 120)
Fee for revising other terms and conditions of the loan	EUR 80
Commitment fee	0.26–4.71 % of the unused amount of the loan
Commitment fee (applicable to uncommitted credit line and uncommitted overdraft)	0.2 %
Issuance of permits / consents	EUR 20

Seasonal farm works – sowing, harvesting or acquisition of fertilisers, seeds and pesticides – require circulating capital to settle with suppliers. However, the seasonal nature of agricultural business gives no guarantee that you will receive income for the sold products exactly when you need it. This loan enables you to settle with your suppliers in advance.

Credit line is a form of a short-term loan when you can use the entire or part of the foreseen credit line amount any time you need.

Period of the agreement is up to 18 months.
The whole loan is repaid at the end of the Credit Line Agreement, meanwhile, interest is paid on a monthly basis.
The repayment of loan is secured by pledging assets or by guarantees issued by Žemės Ūkio Paskolų Garantijų Fondas, UAB, the EU or any other third parties.
INVEGA programmes
Minimum amount of loan is EUR 10, 000.

Loan for circulating capitalis a short-term crediting intended for satisfying the needs of circulating capital.

Period of the agreement is up to 18 months.
The loan is usually repaid in instalments according to the schedule, and the interest is paid on a monthly basis.
The repayment of loan is secured by pledging one’s assets or by guarantees issued by Žemės Ūkio Paskolų Garantijų Fondas, UAB, the EU or any other third parties.
INVEGA programmes
Minimum amount of loan is EUR 10, 000.

Overdraft is a short-term credit limit in a bank account when you can borrow an amount of money agreed in advance any time you need and have a negative balance in your bank account for a certain period of time.

Period of the agreement is up to 12 months.
The entire loan is repaid at the end of the agreement term, and the interest is paid on a monthly basis.
The repayment of loan is secured by pledging one’s assets.
Minimum amount of loan is EUR 10, 000.

Fees

Service or transaction	Fee, EUR
Fee for concluding (managing) the loan agreement	0.4–1.5 % of the amount of the loan (min EUR 120)
Fee for increasing the amount of the loan	0.4–1.5 % of the amount of the loan to be increased (min EUR 120)
Fee for revising interest, extending the loan, revising the schedule of repayment of the loan (not applicable to guarantee limit)	0.4–1.5 % of the amount of the loan (min EUR 120)
Fee for revising other terms and conditions of the loan	EUR 80
Commitment fee	0.26–4.71 % of the unused amount of the loan
Commitment fee (applicable to uncommitted credit line and uncommitted overdraft)	0.2 %
Issuance of permits / consents	EUR 20

What is it?

The Sustainable Farming Certificate is for farms that are engaged in agriculture as the principal or as one of their activities.

Purpose of the certificate

Encouraging eco-friendly and responsible farming
Helping farmers farm more profitably
Ensuring farms have access to more favourable terms of financing

eAgronom is Swedbank’s official partner in the issuance and monitoring of the certificate.

The certificate is an opportunity to obtain a loan on more favourable terms

Leasing of agricultural equipment New and used agricultural equipment - from 1.49% + 6-month Euribor (not less than 0%)
Working capital financing For land cultivation activities (e.g. fertilizers, seeds, crop rotation activities etc). - loan interest rate is reduced by 0.3%
For infrastructure development Investments into energy efficiency within farm or any other investment related to land cultivation. - loan interest rate is reduced by 0.3%
Land purchase loan - loan interest rate is reduced by 0.3% and the repayment period can be up to 20 years

To qualify for the certificate, the farm needs to meet the following conditions on a day-to-day basis:

Farm’s GHG* assessment

Where energy emissions (including fuel) represent more than 20% of total emissions from non-perennial crop production activity, these emissions must be in a 10% reduction trajectory from a 5-year perspective.

Crop rotation and soil coverage

At least 5-year crop rotation, including 1 year of legume (pea, bean, etc.). Multi-species cover crop counts as one crop.
At least 75% of living plant coverage index. This means that on average, fields should have crops growing at least 9 months of the year. Winter crops and cover crops can be used to achieve this crop coverage.
Residue should be left on the field or replaced respectively with manure to avoid nutrient loss.

Soil management

Prevent soil compaction by avoiding traffic on wet fields. This means doing field operations on time, before or after excessive humidity periods (standing water on the field).
Peatlands may not be cultivated to avoid loss of soil’s organic carbon. Such wetlands should be kept as is, or turned into grasslands.
Maintain permanent grassland. A land that has been grassland for 5 or more consecutive years should remain as such.

Nutrient management and plant protection

Precision fertilization is used for mineral nitrogen application, taking into account soil analyzes, yield maps, and other field-specific information.
Manure is incorporated into the soil via injection (slurry) or within 1h (manure).
No increases in quantities of plant protection products used (either in total, or per crop type per unit area) compared to an annual baseline average determined over a rolling 5 year baseline period.

Learn more

The farm applies for the certificate in the official partner’s system.
The partner carries out an inspection of the farm and the farm receives a certificate. If it does not meet the criteria, an assessment is made of what needs to be improved. The certificate is issued for a period of 12 months.
Once the certificate is obtained, it can be presented to the bank to obtain more favourable financing terms.
Upon signing the financing agreement, the farm undertakes to comply with Swedbank’s Sustainable Farming Terms & Conditions.
No later than 12 months from the date of issue of each certificate, the farm must provide the bank with a new certificate confirming that the farm has complied with Swedbank’s Sustainable Farming Terms & Conditions * in force at that time.

Sustainable Farming Terms & Conditions

* In the event of a breach of the obligation to provide a new certificate, the bank has the right to unilaterally increase the cost of the loan by 0.3%, or 1% in the case of leasing, upon prior written notice to the customer.

Agreements signed by INVESTMENTS AND BUSINESS GUARANTIES UAB (INVEGA) and Swedbank create additional opportunities for us to provide loans to small, medium-sized and small enterprises in Lithuania. The programmes provide financing for necessary investments or working capital when a company does not have sufficient collateral.

Requirements for companies

The number of employees of the company must not exceed 250 persons.
The annual turnover of the company must not exceed EUR 50 million and/or the value of the total assets on the company's balance sheet must not exceed EUR 43 million.

The maximum loan amount is EUR 1 875 000, but:

EUR 937 500 for road haulage companies.
For companies active in the primary production of agricultural products – EUR 234 375.
Companies active in fisheries and aquaculture: EUR 281 250.

In any event, the amount of De minimis aid calculated for the amount of the loan granted to the borrower may not exceed the maximum amount of De minimis aid allowed under Regulation 1408/2013 or Regulation 1407/2013 or Regulation 717/2014.

Financing of investments in tangible and/or intangible assets and/or working capital.
The loan is limited to potentially economically viable activities linked to the establishment, expansion or strengthening of the company.
The Credit Line may allow collateral (guarantees) to secure the Borrower's obligations:
- guarantee of the validity of the offer;
- contract performance guarantee;
- advance repayment guarantee;
- payment guarantee.
The number of loans per Borrower is not limited, provided that the De minimis aid threshold is not exceeded.

application

Declaration of small and medium-sized status;
declaration by one company,
business plan;
financial statements for the last 2 financial years.

For more information on INVEGA’s Portfolio Guarantees 3, click here.

For further information on INVEGA programmes and/or to submit your application and other documents, please contact us by email at verslas@swedbank.lt or call us on +370 5 268 4422.

This funding is available because of:

The tripartite agreement signed on 15 April 2016 between the Ministry of Economy of the Republic of Lithuania, the Ministry of Finance of the Republic of Lithuania and INVEGA, which established the Business Financing Fund financed by the European Regional Development Fund and entrusted INVEGA with the functions of its manager.
The financing agreement signed on 7 April 2009 between the Ministry of Finance of the Republic of Lithuania, the Ministry of Economy of the Republic of Lithuania and INVEGA, on the basis of which a holding fund, INVEGA Fund, was established and the functions of its manager were delegated to INVEGA.

Required documents
- Farm/company registration documents (certificate, articles of association).
- Copy of the identity document of the manager of the farm/company.
- The financial statements of the farm/company for the previous reference year and the most recent reference period (balance sheet, profit and loss account). If you do not have double entry bookkeeping and your liabilities to Swedbank do not exceed EUR 30 000, then you only need to provide an Economic Holding Size (EDV) Certificate and an income declaration for the 2 previous years;
- Agricultural Land and Crops Declaration or EDV certificate;
- Documents relating to the property to be mortgaged or to be acquired;
- Consent to receive and process data from the National Paying Agency (if you are applying for a Direct Payment Loan);
- VAT certificate (if you are applying for a lease).*
- Farmer's loan application form
- Farmer's leasing application form
* This list is not final and additional documents may be required depending on the situation.

- 200 Eur

Up to EUR 200 discount on accounting services for Swedbank customers.

- 30 %

The 160-hour course at a 30% discount for Swedbank customers.

Free

Free 1-month subscription to Swedbank customers.

For farmers

Successful farming starts with good advice

Fees

Fees

What is it for?

Fees

Fees

What is it?

Purpose of the certificate

Farm’s GHG* assessment

Crop rotation and soil coverage

Soil management

Nutrient management and plant protection

Required documents

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