SAB Working Capital Loan
The SAB Working Capital Loan from Sächsische AufbauBank (SAB) offers financial support to agricultural businesses in the Free State of Saxony. It covers the need for essential operating resources such as fertilizers, pesticides, feed, and seeds. The program is characterized by a direct link between loan repayment and area-based agricultural payments, enabling targeted and efficient liquidity assurance.
Who is funded
This program targets agricultural businesses based in the Free State of Saxony that already receive area-based agricultural payments or compensatory allowances. The loan supports their operational requirements and aims to secure liquidity for the purchase of working capital.
What is funded
The SAB Working Capital Loan supports the acquisition of essential operating resources in the agricultural sector. The funding aims to provide agricultural businesses with the necessary resources for their production, without requiring specific innovation or development phases.
Type and Scope of Funding
The SAB Working Capital Loan is provided as a loan. The minimum loan amount is EUR 30,000, with up to 100% of the applied direct payments or 80% of the EAFRD area-based funding being financed. The loan term is limited to a maximum of 15 months.
Conditions and Requirements
To be eligible for the SAB Working Capital Loan, applicants must be agricultural businesses in Saxony and receive specific agricultural payments or compensatory allowances. The repayment of the loan is directly linked to the disbursement of these agricultural payments.
Application Procedure
The application procedure for the SAB Working Capital Loan requires submission before the start of the planned measure. Applications are generally submitted via the applicant's house bank to Sächsische AufbauBank (SAB).
Legal Basis
The SAB Working Capital Loan is based on information provided by Sächsische AufbauBank (SAB), as of February 2021. The program also refers to the area-based funding of the European Agricultural Fund for Rural Development (EAFRD).
Similar Programs
Funding Overview
Funding Status:
Other
Maximum Amount:
up to 100% of applied direct payments or 80% of EAFRD area-based funding
Award Channel:
Demand Driven Scheme
Region:
Saxony (Germany)
Sectors:
Agriculture and Agribusiness
Beneficiaries:
Agriculture, forestry & fishing
Application Type:
Single Applicant
Funding Stages:
Implementation
Funding Provider
Program Level:
Regional
Funding Body:
Sächsische AufbauBank – Development Bank – (SAB)
Managed By:
Sächsische AufbauBank – Development Bank – (SAB)
Additional Partners:
Saxon State Office for Environment, Agriculture and Geology (LfULG) - repayment, house bank - application submission