High-quality lending services

AgroCredit provides financing to businesses, farms, sole traders, and self-employed individuals registered in Latvia and operating in the agricultural or forestry sectors.

Our clients include crop producers, livestock farmers, horticultural businesses, forestry companies, logging contractors, timber transport providers, and other businesses operating within these industries. Financing is available regardless of the size of your business or the area of land you manage.

As a specialist lender focused exclusively on agriculture and forestry, we understand the unique needs of these industries.

Our key advantages include:

• Fast decisions – financing applications are often assessed within one business day.
• Simple application process – we minimise paperwork and avoid unnecessary formalities.
• Industry expertise – we understand seasonal business cycles and can tailor repayment schedules to harvests, timber sales, or other industry-specific cash flows

Yes. Existing loans or leasing commitments do not prevent you from obtaining financing from AgroCredit.

Each application is assessed individually. We evaluate your business's financial performance, cash flow, and expected income from agricultural production, forestry operations, or service contracts. If your business has sufficient repayment capacity, we can provide additional financing.

Seasonal financing is designed primarily for grain producers to finance working capital, including seeds, fertilisers, crop protection products, fuel, and other agricultural inputs.

Unlike a standard loan, seasonal financing can be secured by a crop purchase agreement with your grain buyer.

Repayment is designed to match your business cycle, with the principal and interest typically repaid after the harvest has been sold.

A credit line provides flexible access to additional working capital whenever your business needs it.

You receive an approved credit limit that can be used at any time and in any amount. It is ideal for unexpected expenses or seasonal purchases such as fuel, seeds, fertilisers, or payments related to timber harvesting and forestry operations.

The main advantages are:

• Interest is charged only on the amount actually used.
• You pay interest only for the period during which the funds are outstanding.
• Once repaid, the available credit limit can be used again without submitting a new application.

AgroCredit offers financial leasing for both new and used agricultural and forestry equipment.

Eligible assets include tractors, combines, seed drills, harvesters, forwarders, timber trucks, and other specialised machinery. We also offer refinancing for existing equipment.

Lease terms typically range from 2 to 5 years, with repayment schedules tailored to your business and seasonal income.

Yes. We provide long-term financing for the purchase of agricultural land, forest properties, and standing timber, helping businesses expand their operations.

Loan terms and collateral requirements are tailored individually for each transaction.

Yes. We provide co-financing for projects approved by the Rural Support Service (LAD) and other national or European Union support programmes.

This financing enables businesses to implement investment projects before receiving grant payments.

To assess your application, we generally require:

• a completed loan application;
• your company's latest annual financial statements;
• current financial information, including the balance sheet and profit and loss statement.

Depending on your business, we may also request industry-specific information.

For agricultural businesses:

• information about the land you farm and your crop structure.

For forestry businesses:

• information about forest properties, logging sites, forest inventory data, or existing service contracts.

We are committed to making financing decisions quickly.

Once we have received all the required information, we usually provide a decision within 1–2 business days.

Yes. The entire application process can be completed remotely.

You can submit your application through our website and send the required documents electronically. Documents may be signed using a qualified electronic signature.

Depending on the type of financing, collateral may include:

• agricultural or forestry machinery;
• agricultural land or forest property;
• crop purchase agreements or other industry-specific security.

Collateral requirements are determined individually based on the financing requested.

No.

We believe in transparent pricing. All fees and charges are clearly set out in your financing agreement, with no hidden costs or unexpected commissions.

Yes.

You may repay your loan in full or in part before the agreed maturity date. Most standard financing products can be repaid early without penalties or additional fees. Where specific conditions apply, they will always be clearly stated in your agreement.

Agriculture and forestry depend on weather conditions that cannot always be predicted.

If prolonged rain, mild winters, or other circumstances delay harvesting, logging, or sales, we encourage you to contact your relationship manager as soon as possible.

We work closely with our clients to find practical solutions, including extending repayment periods or adjusting payment schedules where appropriate.