For farmers

A farm is easier to maintain when there is someone to help

We are ready to help to find most suitable financing for your farm

  • Long-term loans for farm modernisation.
  • Equipment and machinery leasing.
  • Access to financing simplified by guarantees of the European Investment Fund

Farmers, who have concluded a loan agreement or a lease agreement in the Internet Bank, shall be entitled to a discount of EUR 50 from the administrative fee. Special offer is valid till 31.12.2020.

Apply for a loan Apply for leasing

Topical! Support for farmers facing difficulties as a result of COVID-19

For a loan and / or leasing agreement signed after 1 July 2020, you can submit an application to UAB “Žemės ūkio paskolų garantijų fondas” for interest compensation.

Learn more

Farm modernisation is an important step in business development which requires big investments. It is important to not only choose the machinery, equipment, real estate to be acquired or built but to also calculate one’s financial capacity and ensure bank funding.

You can apply to us for an investment loan for:

  • 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.

General Terms and Conditions

General terms and conditions of funding agreements.

Information on agreements in internet bank

You can review funding agreements in your internet bank.

Financing Terms and Conditions
  • agreement period is up to 5 years, except for a loan intended for acquisition of agricultural land which is given for the period of 20 years.
  • Loan is repaid in instalments distributed throughout the entire loan period. Interest is paid on a monthly basis.
  • Loan repayment is secured by pledging a funded object, other property, by guarantees issued by Žemės Ūkio Paskolų Garantijų Fondas, UAB, the EU or other third parties.
  • 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;
  • Amount of loan when agricultural land is used as a collateral shall not exceed 90% of the market value of the pledged assets.
  • Minimum amount of this loan is EUR 10, 000.

Flexible solutions

Our long experience and wide selection of products enables us to offer you the best solutions. We offer new and used commercial vehicle assets leasing.

You can find an overview of your leasing contract in the Internet bank.

More about special equipment leasing conditions here.

Financial Terms and Conditions
  • Financing of new and used agricultural, warehouse, construction machinery and production equipment.
  • Financed asset value: from EUR 8 000.
  • Asset age at the end of the contract: cannot exceed 12–17 years (depending on the type of asset).
  • Down payment: from 15%.
  • Contract term: from 6 months to 5 years.

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.

Financing Terms and Conditions
  • 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.
  • The amount of loan ranges from EUR 4, 500 to EUR 100, 000.

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.

Financing Terms and Conditions
  • 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.
  • Minimum amount of loan is EUR 10, 000.

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

Funding terms and conditions
  • 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.
  • 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.

Funding terms and conditions
  • 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.
  • Farm’s / company’s registration documents (certificate, Articles of Association);
  • A copy of the farm’s / company’s manager’s identification document;
  • Farm’s / company’s financial accountability documents for the previous reference year and the last reference period (balance sheet, profit (loss) statement, cash flow statement). If you don’t keep accounting on a double-entry basis and your obligations to Swedbank do not exceed EUR 30, 000, then a certificate on the economic size of the controlled holding is sufficient;
  • Farmer’s annual income declaration for the previous year;
  • Declaration of agricultural holdings and crops;
  • Documents related to the pledged or desired to be acquired assets.*

* This list is not exhaustive and subject to a situation additional documents might be required.

Contracts entered into between the European Investment Fund (EIF) and Swedbank enable us to provide loans and leasing services to micro, small and medium-sized enterprises in Estonia, Latvia, and Lithuania. The EIF aims at helping to finance and carry out investments in the European Union and ensuring greater access to capital. The guarantee programmes also help financing necessary investments if an enterprise does not have sufficient collateral.

EaSI guarantee

The objective of this program is to increase access to finance for micro-enterprises by offering additional guarantee from the EIF.

Requirements for using the EaSI guarantee:

  • Fixed assets and working capital are financed.
  • The maximum amount to be financed is 25 000 EUR
  • The company has up to 9 employees.
  • Annual turnover is up to 2 million EUR or the balance sheet total is up to 2 million EUR
  • The guarantee is free of charge.

To get the EIF-supported financing, ask your contact person in the bank or fill in an application.

The supported financing benefits from the support of the European Union under the Guarantee Facility established under Regulation (EU) No 1296/2013 of the European Parliament and the Council establishing a Union Programme for Employment and Social Innovation (EaSI) and the European Fund for Strategic Investment ("EFSI”) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.

COSME guarantee

Requirements for using the COSME guarantee:

  • Fixed assets and working capital are financed.
  • The maximum amount to be financed is 1.5 million EUR
  • The company has up to 249 employees.
  • Annual turnover is up to 50 million EUR or the balance sheet total is up to 43 million EUR
  • The guarantee is free of charge.

To get the EIF-supported financing, ask your contact person in the bank or fill in an application.

This financing is made possible thanks to the Guarantee that has been provided by COSME and the European Fund for Strategic Investment ("EFSI”) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.

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.