New Loans for Working Capital Open from the Strategic Plan of the Common Agricultural Policy

The Croatian Agency for Small Business, Innovation and Investment (HAMAG-BICRO), in collaboration with the Ministry of Agriculture, is making available to farmers a new financial instrument ‘Working Capital SP CAP‘ which is co-financed from the funds of the European Agricultural Fund for Rural Development. Under this Program, HAMAG-BICRO will directly approve loans to small business entities in the agricultural and processing sectors for financing working capital in accordance with the conditions of the Strategic Plan of the Common Agricultural Policy of the Republic of Croatia 2023 – 2027 (SP CAP).

The purpose of the loan is to finance working capital, i.e., to finance the costs of regular business operations (preparation for sowing, production, raw materials and materials, other production costs, etc.). The maximum loan amount for working capital is 25 thousand euros with an interest rate of 0.50 percent.

The planned allocation for 2024 amounts to 6,705,882 euros, distributed according to types of Interventions (types of investments):

– 73.10.FI – FI_Support for investments in primary agricultural production – 4,705,882 euros

– 73.11.FI – FI_Support for investments in the processing of agricultural products – 1,000,000 euros

– 73.14.FI – FI_Business development in rural areas – 1,000,000 euros

Requests for each type of Intervention (type of investment) will be accepted until the planned allocation for that type of Intervention is exhausted.

The acceptance of loan applications starts on Friday, April 12, 2024, at 12 PM via an online form on the official website of HAMAG-BICRO.

The goal of these financial instruments is to increase the availability of loans to small business entities while reducing the interest rate and the level of required collateral.

The program conditions and the list of required documentation for application are published on the official website of HAMAG-BICRO.