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.

Business loan calculator

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.

Take a look at other financing options

Working capital loan

Working capital loan can be used to finance a specific project or make short-term investments.

Investment loan

You can use a long-term investment loan for investing in larger projects with a longer payback period, acquisition of fixed assets, expanding the company’s operations or implementation of new production processes.

Overdraft facility

Overdraft facility enables you to raise working capital quickly and flexibly and make your company more competitive in the process.

Term of up to 1 year
Collateral
- Mortgage over a registered immovable property (built-up registered immovable property, residential property, right of superficies)
- Guarantee by KredEx or MES, commercial pledge over the fixed assets or other movable property, a deposit, guarantee by a private individual or legal person
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