TBC Bank has introduced Startup Agro Loan. This is an unprecedented offer on the market, the bank representatives noted.
The product enables farmers to arrange high-productive cattle and poultry farms, high-technology greenhouse complexes, warehouses, refrigerator complexes.
Agro loans are issued to both corporate and physical bodies.
The bank will take into account the forecast revenues of a farmer, not the existing financial guarantee amount.
The long-term grace period should be also taken into account. Proceeds period has been also analyzed, due to economic profits potential.
The loan’s maturity period is 7 years. The loan amount ranges from 20 000 GEL to 1.345mln GEL (500 000 USD). The new loan includes a vineyard loan for arranging vineyards of Georgian grapes. For Kakheti Region: Saperavi in micro zones, Khikhvi and Kisi; Goruli Green, Chinuri, Shavkapito, Tavkveri, Tetri Budeshuri (Shida Kartli). Otskhamuri Sapere, Krakhuna, Tsolikauri (Imereti), Ojaleshi (Samegrelo); Chkhaveri (Guria, Ajara); Aleksandrouli and Mujureturli (Racha),
Borrowers are requested to have practical experience.