Loans for Investment in Agricultural Produce Processing
The loans are designed to increase the competitiveness of the agricultural and food sector by promoting the development of higher value-added agri-food products.
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This is translated information. In case of any discrepancies, the original Lithuanian version shall prevail. |
Who can apply?
Legal entities engaged in the processing of agricultural products.
Currently, loans are not provided. Once financial intermediaries are selected, a call for loan applications will be announced.
Loan Amount & Duration
A single loan of up to 1 million EUR may be granted to one borrower.
Investment loans are provided for a term of up to 5 years. Working capital loans are available for up to 3 years.
When working capital is financed with loan funds, the maximum amount allocated to working capital is 200,000 EUR in gross grant equivalent* over a 3-year financial period. The gross grant equivalent is calculated according to the formula outlined in section 7.1, clause 12 ("Loan Amount") of the Guidelines.
Interest rate
Interest is calculated only on the portion of the loan funded by the financial partner (20% of the loan amount). Variable interest rate: 6-month EURIBOR, fixed interest rate: up to 5%. No interest is applied to the remaining portion of the loan.
Where to apply?
Loans are provided by financing partners selected by ILTE.
Terms
Loan agreements will be signed until 31 December 2029.
You can apply for a loan if:
- You have been engaged in agricultural processing for 1 year or more.
- Income from processing agricultural products for 1 year or more before the application is submitted represents 50% or more of total income.
- You are applying for the processing of products (other than fishery and aquaculture products) listed in Annex I to the Treaty on the Functioning of the European Union . The final product may not be listed in Annex I (the support in this case is granted in accordance with 13 December 2023). The aid is subject to the provisions of Commission Regulation (EU) No 2023/2831 on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid, as amended.)
- The loan is granted for the costs foreseen in the business plan, which may include investments in tangible and intangible assets related to the activity to be supported, as well as working capital financing.
The financing partner is entitled to carry out additional steps and checks when assessing the client's eligibility for a loan.
When the loan is granted to enterprises operating for up to 3 years or to enterprises with up to 10 employees, they may be granted a grant (subsidy). The grant is provided by the financing partner to cover a maximum of 35 % of the loan.
Terms and conditions for selection of financing partners
- Terms and conditions for the selection of financing partners for the Facility (valid from 12 December 2024)
- Terms of Reference for the selection of financing partners for the Facility (in force from 10 May 2024 until 11 December 2024)