Production
Loans earmarked for production of agricultural products
| Purpose: |
Loans are intended for financing fixed assets and working capital as follows:
- plant production: agriculture, fruit-growing and wine-growing;
- Stock-breeding: cattle raising, sheep farming, pig breeding, goat breeding, poultry farming, fish breeding and beekeeping;
- New agricultural propulsion and connecting mechanization.
Funds shall be approved for improvement and development of their production capacities, for appearance at domestic and foreign markets, increase in investments, creating jobs, for productive initial investment and to increase competitiveness.
|
| Loan amount: |
The maximum amount up to Denar 30,750,000 (EUR 500,000) |
| Currency: |
Payment of loans, calculation of interest and payment of overdue liabilities shall be made in Denars |
| Repayment period: |
Fixed assets: up to 120 months with grace period of 18 months included
Working capital: up to 24 months with grace period of 6 months included |
| Interest rate: |
for a final beneficiary: 2% p.a. fixed interest rate |
| One-off fee at disbursement: |
0.8% of the disbursed loan |
| Use of loan funds: |
Funds from the approved loan will be transferred on the request of the beneficiary at his account and used only for the purpose they were approved for within 90 days of receipt of the funds.
For the earmarked use of the funds, the beneficiary will submit invoices and bank statements to the Bank within eight days from the day of payment.
|
| Refinancing: |
The subject of financing can also be procurements made up to 180 days before the borrower submits the credit request to the Bank.
As a proof of purposeful use of the funds, the borrower together with the documentation will submit the entire documentation for the performed procurements (invoices, purchase agreements, bank orders and bank statements and other documentation).
|
| Final Beneficiaries and criteria to be met: |
Micro, small and medium sized enterprises (pursuant to the Law on State Aid Control) which produce agricultural products (registered at the Ministry of Agriculture, Forestry and Water Economy of the Republic of North Macedonia).
Criteria to be met:
- At least 20% own paricipation in the total investment (it does not have to be in cash, e, it can be in assets)
- Current liquidity level of minimum 0.7
- Level of debt servicing capacity of minimum 0.5
- Positive financial results in the last fiscal year, and
- To have settled all matured liabilities towards the state (tax, allowances, etc.)
- In accordance with the Credit Registry of NBRNM, classification B or greater
As an exception, borrowers may be:
- newly established enterprises which founders are legal entities with positive financial results in the last fiscal year, and
- enterprises which in the last fiscal year had negative financial result, insofar as they provide bank guarantee for the approved loan.
|
| Collateral provided by borrowers: |
- first mortgage lien of real estate in ratio 1.5:1 in regard to the approved loan amount and the calculated interest, or
- a bank guarantee in the amount of the approved loan and the calculated interest.
|
| Required documents: |
The complete loan documentation shall be submitted in original to the DBNM (it can be send as registered mail, so you can have the return receipt)
- Loan Application (DBNM Form)
- Client identification form (DBNM Form)
- Current situation (not older than 3 months, from CRRNM)
- Proof for not having mature unsettled liabilities to the state (Confirmation by PRO)
- Confirmation on registered agricultural farm and registered production capacities at the Ministry of Agriculture, Forestry and Water Economy
- Business plan or investment programme
- ZP form (form for signatories on behalf of the firm, copy) and List of specimen signatures (copy)
- Documents for offered collateral (if the collateral is a mortgage - a copy of the property certificate, if the collateral is a bank guarantee - a commercial bank that will issue the guarantee)
- Balance sheet and Income statement and closing statements with the same dates
- Closing statement for the current year including the last date of entry
- Turnover on the giro-account in the current year
- Analytical table of clients (specification of groups 12 - buyers, 22 - suppliers, and 25 – loans) with the same date as the closing statement
- Auditor’s report (refers to companies which have obligation to have auditor’s report)
- Book of shareholders and Book of stakes
- Statement of capital connected entities (DBNM form)
- Documentation for the planned procurements with the loan
- Declaration of indebtedness in other banks and financial institutions (DBNM form)
- Statement of a holder of a public function (DBNM form)
Statement for checking credit exposure (DBNM form)
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Processing
Loans earmarked for agricultural products processing
Purpose
Funds are intended for financing fixed assets and working capital as follows:
- purchasing equipment for processing agricultural products;
- building new, purchasing or reconstruction of existing production facilities for processing and storage of agricultural products;
- purchasing processing input (at least 70% of the raw material to be processed should be locally produced);
- purchasing all types of input for production of livestock feed;
- purchasing components of non-agricultural origin for the needs of the final product (30% of the investment, the most);
- packing and labelling.
Funds shall be approved for improvement and development of their production capacities, for appearance at domestic and foreign markets, increase in investments, creating jobs, for productive initial investment and to increase competitiveness.
General conditions
| Purpose: |
Funds are intended for financing fixed assets and working capital as follows:
- purchasing equipment for processing agricultural products;
- building new, purchasing or reconstruction of existing production facilities for processing and storage
of agricultural products;
- purchasing processing input (at least 70% of the raw material to be processed should be locally
produced);
- purchasing all types of input for production of livestock feed;
- purchasing components of non-agricultural origin for the needs of the final product (30% of the
investment, the most);
- packing and labelling.
|
| Loan amount: |
Maximum amount Denar 30,750,000 (EUR 500,000) |
| Currency: |
Loan disbursement, calculation of interest rate and payment of overdue liabilities will be made in denars. |
| Repayment period: |
Fixed assets: up to 120 months with grace period up to 18 months included,
Working capital: up to 24 months with grace period up to 6 months included. |
| Interest rate for the Final Beneficiary: |
2% p.a. fixed interest rate |
| One-off fee at disbursement: |
0.8% of the loan amount |
| Use of loan funds: |
Funds from the approved loan will be transferred on the request of the beneficiary at his account and used only for the purpose for which they are approved within 90 days of receipt of funds.
For the earmarked use of the funds, the beneficiary will submit invoices and bank statements to the Bank within eight days from the day of payment.
|
| Refinancing: |
The subject of lending can be procurements made up to 180 days before the borrower submits the credit request to the Bank.
As a proof of earmarked use of the funds, the borrower together with the documentation will submit the entire documentation for the performed procurements (invoices, purchase agreements, bank orders and bank statements and other documentation).
|
| Final Beneficiaries and criteria to be met: |
Micro, small and medium sized enterprises (pursuant to the Law on State Aid Control) which process agricultural products (registered at the Ministry of Agriculture, Forestry and Water Economy of the Republic of North Macedonia.)
Criteria to be met:
- At least 20% own paricipation in the total investment (it does not have to be in cash, that is, it can be in assets)
- Current liquidity level of minimum 0.7
- Level of debt servicing capacity of minimum 0.5
- Positive financial results in the last fiscal year, and
- To have settled all matured liabilities toward the state (tax, allowances, etc.)
- In accordance with the Credit Registry of NBRNM, classification B or greater
As an exception, borrowers may be:
- newly established enterprises which founders are legal entities with positive financial results in the last fiscal year, and
- enterprises which in the last fiscal year had negative financial result, insofar as they provide bank guarantee for the approved loan.
|
| Collateral provided by final beneficiaries: |
- first mortgage lien of real estate in ratio 1.5:1 in regard to the approved loan amount and the calculated interest, or
- a bank guarantee in an amount of the approved loan and the calculated interest.
|
| Required documents: |
The complete loan documentation shall be submitted in original to the DBNM (it can be send as registered mail, so you can have a return receipt)
- Loan Application (DBNM Form)
- Client identification form (DBNM Form)
- Current situation (not older than 3 months, from CRRNM)
- Proof for not having mature unsettled liabilities to the state (Confirmation by PRO)
- Decision for registration in the respective registers of purchasers of agricultural products at the MAFWE
- Business plan or investment programme
- Sales agreement
- ZP form (form for signatories on behalf of the firm, copy) and List of specimen signatures (copy)
- Documents for offered collateral (if the collateral is a mortgage - a copy of the property certificate, if the collateral is a bank guarantee - a commercial bank that will issue the guarantee)
- Balance sheet and Income statement and closing statements with the same dates
- Closing statement for the current year including the last date of entry
- Turnover on the giro-account in the current year
- Analytical table of clients (specification of groups 12 - buyers, 22 - suppliers, and 25 – loans) with the same date as the closing statement
- Auditor’s report (refers to companies which have obligation to have auditor’s report),
- Book of shareholders and Book of stakes
- Statement of capital connected entities (DBNM form)
- Documentation for the planned procurements with the loan
- Declaration of indebtedness in other banks and financial institutions (DBNM form)
- Statement of a holder of a public function (DBNM form)
- Statement for checking credit exposure (DBNM form)
|
Export
Loans earmarked for export of primary agricultural products and their manufactured products
Purpose
Loans are intended for financing fixed assets and working capital as follows:
- cold stores for maintaining the use value of the products until their sale,
- packaging and calibration machines,
- building new and purchasing or modernization of existing production facilities for fruit and vegetables post picking activities (storage, condition maintaining of products until their sale, calibration, packaging) and milk collection centres,
- purchase of primary agricultural products intended for export (100% locally produced)
- purchase of processed agricultural products intended for export (100% locally produced),
- package and labelling.
Funds shall be approved for improvement and development of their production capacities, for appearance at domestic and foreign markets, increase in investments, creating jobs, for productive initial investment and to increase competitiveness.
General conditions
| Purpose: |
Funds are intended for financing fixed assets and working capital as follows:
- cold stores for maintaining the products use value until their sale,
- packaging and calibration machines,
- building new and purchasing or modernization of existing production facilities for fruit and vegetables post picking activities (storage, condition maintaining of products until their sale, calibration, packaging) and milk collection centres,
- purchase of primary agricultural products intended for export (100% locally produced)
- purchase of processed agricultural products intended for export (100% locally produced),
- package and labelling.
|
| Loan amount: |
Maximum amount Denar 30,750,000 (EUR 500,000) |
| Currency: |
Loan disbursement, calculation of interest rate and payment of overdue liabilities will be made in denars. |
| Repayment period: |
Fixed assets: up to 120 months with grace period up to 18 months included,
Working capital: up to 24 months with grace period up to 6 months included. |
| Interest rate for the final beneficiary: |
2% p.a. fixed interest rate |
| One-off fee at disbursement: |
of 0.8% of the disbursed loan amount
|
| Use of loan funds: |
Funds from the approved loan will be transferred on the request of the beneficiary at his account and used only for the purpose for which they are approved within 90 days of receipt of funds.
For the earmarked use of the funds, the beneficiary will submit invoices and bank statements to the Bank within eight days from the day of payment. |
| Refinancing: |
The subject of lending can be procurements made up to 180 days before the borrower submits the credit request to the Bank.
As a proof of purposeful use of the funds, the borrower together with the documentation will submit the entire documentation for the performed procurements (invoices, purchase agreements, bank orders and bank statements and other documentation).
|
| Final Beneficiaries and criteria to be met: |
Micro, small and medium sized enterprises (pursuant to the Law on State Aid Control) which process agricultural products (registered at the Ministry of Agriculture, Forestry and Water Economy of the Republic of North Macedonia.)
Criteria to be met:
- At least 20% own paricipation in the total investment (it does not have to be in cash, that is, it can be in assets)
- Current liquidity level of minimum 0.7
- Level of debt servicing capacity of minimum 0.5
- Positive financial results in the last fiscal year, and
- To have settled all matured liabilities toward the state (tax, allowances, etc.)
- In accordance with the Credit Registry of NBRNM, classification B or greater
As an exception, borrowers may be:
- newly established enterprises which founders are legal entities with positive financial results in the last fiscal year, and
- enterprises which in the last fiscal year had negative financial result, insofar as they provide bank guarantee for the approved loan.
|
| Collateral provided by final beneficiaries: |
- first mortgage lien of real estate in ratio 1.5:1 in regard to the approved loan amount and the calculated interest, or
- a bank guarantee in an amount of the approved loan and the calculated interest.
|
| Required documents: |
The complete loan documentation shall be submitted in original to the DBNM (it can be send as registered mail, so you can have the return receipt)
- Loan Application (DBNM Form)
- Client identification form (DBNM Form)
- Current situation (not older than 3 months, from CRRNM)
- Proof for not having mature unsettled liabilities to the state (Confirmation by PRO)
- Decision for registration in the respective registers of purchasers of agricultural products at the MAFWE
- Business plan or investment programme
- Sales agreement
- ZP form (form for signatories on behalf of the firm, copy) and List of specimen signatures (copy)
- Documents for offered collateral (if the collateral is a mortgage - a copy of the property certificate, if the collateral is a bank guarantee - a commercial bank that will issue the guarantee)
- Balance sheet and Income statement and closing statements with the same dates
- Closing statement for the current year including the last date of entry
- Turnover on the giro-account in the current year
- Analytical table of clients (specification of groups 12 - buyers, 22 - suppliers, and 25 – loans) with the same date as the closing statement
- Auditor’s report (refers to companies which have obligation to have auditor’s report),
- Book of shareholders and Book of stakes
- Statement of capital connected entities (DBNM form)
- Documentation for the planned procurements with the loan
- Declaration of indebtedness in other banks and financial institutions (DBNM form)
- Statement of a holder of a public function (DBNM form)
- Statement for checking credit exposure (DBNM form)
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