FGR PLUS Guarantees (AGROMAX) - Bank Spółdzielczy w Szczytnie

• No commission for granting guarantees
• Long loan period: 183 months for investment loans
• Reduction of loan interest costs by the possibility of receiving a grant for interest repayment
• Guarantee secured for BGK – only a blank promissory note
• All formalities related to granting guarantees and loans are carried out in one place

• Guarantee coverage up to 80% of the loan capital amount.
• Maximum guarantee periods:
  1. non-renewable working loans (related to investment loans): 51 months,
  2. investment loans: 183 months.

• Maximum guarantee amount:
  1. investment loan – 5 million PLN,
  2. working loan – up to 20% of the investment loan amount.

• Grant for interest repayment
  1. the maximum grant amount is 4% or 8% of the loan amount for each 12-month loan period,
  2. the grant covers a maximum period of 24 months from the date of activation of the loan covered by the FGR Plus guarantee.

• Farmer and "young farmer" (under 40 years old).
• A farmer conducting unregistered activities in agricultural retail trade (RHD) or marginal, local and limited production (MOL).
• Micro, small, and medium-sized entrepreneurs in the agricultural product processing sector.

All information about guarantees can be found on the website BGK. You can also ask an employee at the branch of the Cooperative Bank in Szczytno.