Home Services For Your Business:   Loans For Agricultural producer:   Overdraft

Overdraft

Obtaining reasonably priced funds to finance your operations can support the development of your business. An overdraft enables you to optimise the process of making payments to your counterparties, to improve the efficiency of your business financing and to increase the stability of your business in an uncertain economic environment. 
Key advantages
• Instant access to loan funds
• No monthly repayment required
• Streamlined application procedures

Loan conditions

Limit   Up to 30% of the average monthly current account turnover in your ProCredit Bank account for the last 3 months
Tenor  Up to 12 months
Currency  UAH
Collateral 

Up to 250 000 UAH - no collateral 

Goods for sale, personal belongings, vehicles, equipment, owner’s personal guarantee, deposits in the bank, and immovable property 
Repayment  Interest is paid monthly; mandatory repayment at maturity
Extra charges • Statement from the State Register of Encumbrances
• Statement from the credit history bureau
• Notarisation
• Insurance (if required by the Credit Committee)

How to apply?

To qualify for an AgroBusiness loan, your farming business must have been operating for at least one agricultural cycle and not less than six months.

Before submitting your loan application, please make sure that you know exactly:

  • how much you wish to borrow;
  • what you intend to use the loan for;
  • how much you can afford to pay back each month.

Documents needed:

For sole proprietors

  1. Passport.
  2. Individual Taxpayer Identification Number on the Tax Administration’s Certificate.
  3. Documents relating to the proposed collateral.

For legal entities

  1. Certificate of State Registration.
  2. Latest version of the founding documents.
  3. Certificate of Registration with the Administration of Statistics.
  4. Certificate of Registration of the Legal Entity with the State Tax Administration (Form 4-ОПП).
  5. Financial Statements: Balance Sheet (Form №1) and Profit and Loss Statement (Form №2) as of the latest reporting date, stamped by the statistics office.
  6. Title deeds for proposed collateral.
  7. Title deed for manufacturing facilities where equipment and property offered as collateral is located.
  8. Land title deed.
  9. Land lease agreement.
Copyright © 2012 ProCredit Bank. All rights reserved.