Grow your agribusiness with up to R6 million in funding
Access flexible agriculture loans to meet the unique demands of the agricultural season, without needing to use your farm’s land or major assets as security.
All we need from you? 6 months bank statements to assess your application!
Loan Conditions
Loan Term: From 2 month to 6 months options
Minimum Loan: R 50 000
Maximum Loan: R 6 000 000
Interest: 25 % for 6 months term
Business Age: Minimum 1 year old
Business Turnover: R 1 million per annum or more
Premises: If leased, then leased for minimum of 1 year. If owned, then at least one year old
Start Ups: NO START UP business applications will be considered
Cost Schedule
- Minimum Term – 6 months
- Maximum Term – 6 months
- Minimum APR – 50 %
- Maximum APR – 50 %
Example :
- Loan R 100 000
- Term 6 months
- APR 25 %
- Repayment R 125 000
Subject to lenders Terms and Conditions at time of quote
Boost your agribusiness with our quick business loans
Agriculture and agribusiness in South Africa form a vital sector, constantly navigating the unpredictable cycles of seasons, weather patterns, and market fluctuations. Farmers and agribusinesses frequently require timely access to capital for crucial investments like seeds, fertilisers, equipment maintenance, and labor costs, often before a harvest generates income.
Traditional agricultural finance can be heavily reliant on securing loans against valuable farm assets, which might not always be feasible or desirable. Unsecured business loans loans provide a dynamic funding solution, offering a quicker and more accessible way to inject capital into your farming operations and related agribusiness ventures, based on your business’s financial health and operational performance, not just your fixed assets.
Use your business loan for…
Purchasing Seasonal Inputs
Quickly secure funds for seeds, fertilisers, pesticides, or animal feed right when they’re needed for planting or livestock cycles.
Urgent Equipment Repairs
Cover the cost of unexpected repairs to tractors, irrigation systems, or processing equipment to avoid costly downtime.
Hiring Seasonal Labour
Ensure you have the necessary workforce during peak planting or harvest periods by covering temporary payroll expenses.
Bridging Payment Cycles
Manage cash flow between selling produce and receiving payment from markets or distributors.
You qualify for funding if…
Your business has been trading for 12 months
You have made over R1 million in sales over the past year
You've got 6 months bank statements ready to submit
You are NOT a start-up - in other words you have a proven track record and order book older than 1 year.
How does a business loan work?
Obtaining an unsecured business loan, whether for primary farming or related agribusiness activities, is a streamlined process designed to provide swift access to funds:
- Convenient Online Application: The process starts with a simple and efficient online application form. You’ll provide essential details about your agricultural or agribusiness through a secure digital platform, saving you valuable time that can be better spent on your operations.
- Dedicated Vendor Contact: Once your application for agriculture funding is submitted, it will be quickly reviewed. A vendor representative specializing in agribusiness loans will contact you to guide you through the rest of the process and understand your specific funding needs for your farm or agribusiness.
- Submission of Supporting Documents: To assess your application for an agriculture or agribusiness loan, you will be asked to provide relevant supporting documents. These typically 6 months bank statements, which help the lender evaluate your farm or agribusiness’s income, expenses, and overall financial stability without requiring asset valuations.
- Fast Approval: Leveraging efficient digital processes and financial assessment tools, a lending decision on your agriculture or agribusiness loan can be made rapidly. Approval can be granted in as little as 24 hours, providing you with timely access to the funds necessary to address the immediate financial demands of your agricultural cycle or agribusiness operations.
How repayments work
Business loan repayments typically involve making regular installments over a specified period. These installments are designed to pay off both the principal amount borrowed and the interest accrued on the loan.
Repayment Schedules:
- Fixed Installments: The most common repayment schedule involves fixed weekly payments over 26 weeks. This means you’ll pay the same amount each time. See cost schedule above for more information.
Early Settlement:
You can opt to pay off the loan balance in full before the scheduled maturity date. There is NO peanlty fee for early settlement.
Late Payments:
If you miss a loan payment or make a late payment, you may be subject to late fees and penalties. These can increase the overall cost of the loan.
Default:
If you fail to make your loan payments for an extended period, you may be considered in default. This can have serious consequences, including legal action, damage to your credit score, and potential loss of business assets.
It’s important to understand the repayment terms of your loan and plan accordingly. Consider factors like your business’s cash flow, expected income, and any potential fluctuations in your industry when budgeting for loan repayments. If you’re having trouble making payments, it’s advisable to contact your lender as soon as possible to discuss possible solutions, such as restructuring the loan.
FAQs
What is an agricultural loan?
An unsecured business loan for the agricultural sector provides funding based on the financial performance and cash flow of your farm or agribusiness, rather than requiring you to offer assets like your land, tractors, or irrigation systems as collateral. It’s a flexible form of agriculture and agribusiness finance.
Why might a farmer or agribusiness choose an unsecured loan instead of a traditional agricultural loan?
Unsecured agriculture and agribusiness loans offer faster access to funds and don’t encumber your primary operational assets. This is particularly useful for time-sensitive needs, covering seasonal expenses, or managing unexpected costs within your farm or agribusiness without the potentially lengthy process of securing against property or equipment.
How quickly will my agribusiness loan be approved?
The online application and efficient assessment process are designed for speed, with approvals for agriculture loans often possible in as little as 24 hours, helping you access funds when your agricultural or agribusiness cycle demands it.
What are some typical uses of unsecured agribusiness loans or agriculture loan funds?
Farmers and agribusinesses can use these funds for various purposes, such as purchasing seeds, fertilisers, pesticides, or animal feed; covering labor costs during peak seasons; paying for urgent equipment repairs; or managing cash flow gaps between harvest and sale within their agribusiness operations.
Apply Now
Please select how much your business has turned over in sales in the last 12 months.
