Agriculture and Food Industry – Operating Resources
Low-interest loan of up to EUR 10 million for companies in the agricultural and food industry through the house bank.
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Grant criteria
Funding objective
Financing the working capital requirements of companies in the agricultural and food industry, including the acquisition of operating resources, business purchases, and company takeovers.
Eligible expenses
- Acquisition of operating resources
- Business purchase
- Company takeover
Non-eligible expenses
- Costs related to fishery and aquaculture products
- Costs for the primary production of agricultural products
- Debt restructuring
- Acquisition of company shares as a financial investment
Eligible to apply
- Companies
Funding requirements
- small and medium-sized agricultural commercial trading and service companies
- companies in the food industry
- companies in the food craft sector
- forestry companies
Documents required for application
- Aid declaration
- Cumulation declaration
Description
The low-interest loan "Agriculture and Food Industry – Working Capital" from the Landwirtschaftliche Rentenbank enables small and medium-sized enterprises from all sub-sectors of the agriculture and food industry, as well as forestry operations, to finance their working capital requirements in a needs-based manner. Up to 100% of eligible expenses, amounting to a maximum of EUR 10 million per year, can be applied for through the applicant's house bank. The loan is intended for the acquisition of raw materials, auxiliary and operating materials, production resources, as well as the financing of company acquisitions and takeovers. Investments in the primary production of agricultural products, costs related to fisheries and aquaculture, debt restructuring, and the acquisition of company shares as pure financial investments are excluded. The terms are structured based on the Risk-Adjusted Interest Rate System (RGZS), so the interest rate depends on creditworthiness and collateral.
Interested companies submit a state aid declaration as well as a cumulation declaration via their house bank, taking into account the EU state aid legal ceilings. The program runs until no later than December 31, 2030, and can be combined with other public funding, provided that the permissible aid intensities are observed. As the central development bank for the agriculture and food industry and rural areas, Rentenbank supports companies along the entire value chain with tailored program loans and grants, upon request, aid-free conditions for projects not compliant with SME criteria.