Loan for seasonal work

The loan for seasonal works is meant for agricultural producers to allow them carry out their springtime planting and meet other seasonal needs.

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Buy, repair or hire

The loan for seasonal works is suitable for buying pest control products, fertilizer, seed etc, for repairs and maintenance of machinery or to hire workers.

Flexible conditions

The loan can be secured by future receipts, such as the proceeds from the sale of the autumn harvest. The loan amount is 50,000 to 100,000 euros.

Surety from MES

Coop Bank’s partner, the Rural Development Foundation (MES), provides surety for the loans to agricultural producers up to 80% of the loan amount.

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Good to know

Term of up to 1 year
Collateral
- Mortgage over a registered immovable property (built-up registered immovable property, residential property, right of superficies)
- Surety from EIS (former KredEx), a private person or legal entity, term deposit or mortgage on an immovable
The loan may be repaid both in a one-off payment (funds received from the sale of assets in the future) or in instalments (monthly)
Company registered in the Republic of Estonia of a self-employed individual registered in the Commercial Register
The equity capital of the company has to meet the requirements set by law
Application
Financial statements
- Annual accounts for the past 2 financial years (audited accounts if subject to an audit obligation and no accounts have been submitted to the Commercial Register)
- Quarterly financial statements for the current financial year, not older than 2 months
Expert assessment of the collateral, prepared by a real estate firm accepted by Coop Pank