Loan subsidies

Financing

ranging between 80% and 90% of the amount of the subsidy

The reimbursement

of the principal and interest is made only one time upon the receipt of the amounts from APIA

Flexible guarantees

usually represented only by a certificate issued by APIA, certifying the subsidies to be collected

Pre-financing subsidies

Are you the beneficiary of subsidies? Do you need resources for the agricultural activity, but the payment of subsidies will be made only after several months? BRD offers pre-financing for APIA subsidies!
The loan is given to cover the working capital needs until the cashing of subsidies for a period of 12 months with possibility of extension if APIA delays the state aid payments.

The reimbursement of the capital borrowed and accrued interest will be made only once upon the receipt of the amounts due from APIA or upon the loan due date, the repayment can be made from own sources.

What types of subsidies can be pre-financed by BRD?

BRD offers subsidies pre-financing loans paid by the APIA for the following types of support:

- Surface Support Scheme (SAPS) and complementary national direct payments in the vegetable sector (PNDC1): financing of 90% of the subsidy receivable
- Support for rural development measures no. 211, 212, 214 included in the Axis II of PNDR: financing of 80% of the subsidy receivable
- State aid for pig welfare: financing of 90% of the subsidy receivable
- Help in the complementary national direct payments in the livestock for cattle, sheep and goats:financing of 90% of the subsidy receivable

How to acces

In order to access the loan, the financing file will contain:

- Loan Application
- Certificate issued by APIA, the original
- Legal documents (with latest updates, where applicable)
- Financial documents (balance sheets, trial balances, tax certificates, etc.).
- Documents on the loan guarantee (where applicable).

If you have decided to cash the APIA subsidies in the account open at BRD:

1. You must have a current BRD account
2. Ask APIA territorial units to issue a Certificate of Farmer Registration
3. Report to the BRD branch with the original certificate and deposit the financing application,
4. Benefitting from expert advice from the BRD staff, fill in the financing file,
5. After meeting the loan granting preliminary conditions, sign the loan agreement and the related security contract
6. BRD will provide the financing

Frequent questions

Is it possible to request a pre-financing for the subsidy in foreign currency?
Answer: no, the current activity financing based on subsidies receivables is exclusively charged in LEI, considering that the APIA subsidies cashing is made in LEI.

May the payment of the subsidy by APIA be made to an account open with another bank?
No, APIA makes the subsidy payments only to the current account stated in the account confirmation certificate issued by BRD.

What guarantees should be submitted?
The guarantee consists of transferring the certificate issued by APIA and the RCGF guarantee (where applicable).

Commissions and tariffs