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Agriloan

A cost-effective loan for entrepreneurs in the agricultural sector

Request an Agriloan

What is an Agriloan?

The Agriloan is a special loan for entrepreneurs in agricultural sector of Aruba. By collaborating with the government, the Ministry of Economic Affairs, Communication and Sustainable Development, we can provide loans at a reduced interest rate aimed at stimulating agriculture.

Start or grow your business now!

Request your Agriloan
  • Amount: maximum AWG 200,000
  • Loan term: 5 years
  • Interest rate Agriloan: 2%
  • One-time handling fee from AWG 500 to AWG 1.65% of the loan (depends on the loan amount)
  • Payment: fixed monthly amount for interest and repayment
  • Interest only payments for 6 months
Agriloan

The Agriloan is a business loan for entrepreneurs in the agricultural sector up to a maximum AWG 200,000. You can use this loan for various purposes, such as starting your new business, purchasing equipment, or as working capital. You pay a fixed amount for interest and repayment.

The loan term is 5 years with a 6-month interest only payment period. We ensure that it is affordable and clear for you, so you can focus on your business.

With the Agriloan, you can start or further grow your business!

Request an Agriloan
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How does an Agriloan application work?

To assess your request properly and promptly, we require a number of documents. Make sure you have these documents readily available for submission.

For startups:

For existing entrepreneurs:

  • Description of the business activities and the market;
  • Extract from the Chamber of Commerce in Aruba;
  • Investment budget with explanation;
  • Final annual figures from the last 2 years from the accountant;
  • Interim figures for the current year (from your own administration);
  • Operating budget;
  • Liquidity forecast.

In a personal conversation, we will discuss your plans, situation, and possibilities further. Furthermore, we will inform you of the next steps to be taken in order to finalize the loan application process. 

We will review if the application is complete. If anything is missing, you will receive a message from us.

If the application is complete, a business advisor from Qredits will schedule a personal meeting with you.

Apply for a loan. Once your application is received, we will get started!

After meeting with our business advisors, a final assessment of your application will be made by reviewing all (updated) documents provided. Ultimately, your loan application will then be submitted to our risk managers and your advisor will inform you of the final evaluation of your loan application.

View the entire process from application to repayment
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How much Agriloan can I borrow?

Fill in the loan amount and set the term to 5 years to get an instant indication of your monthly amount.

Questions about applying for an Agriloan

Qredits does not standardly ask for a deposit. Depending on the overall risk assessment of the business plan, the entrepreneur may be asked if someone could stand as a guarantor for the loan. A guarantor generally increases the chances of obtaining the financing. 

No, in many cases no collateral is needed to qualify for a loan at Qredits. In certain situations, the business advisor may deem it necessary.

Yes, in principle there is no need for your own contribution to qualify for a loan at Qredits. However, it can strengthen your position. We would like to have a conversation to see if you qualify for a loan. We always look at the entrepreneur when providing business credit.

With a total financing requirement of up to AWG 200,000*, you may be eligible for a business loan from Qredits, provided any existing financing is not too high. The documents required depend on whether you are starting a new business or expanding an existing one.

No, this is not necessarily required, but depends on your business plan and investment budget. We will assess each application to determine the extent to which the overall risk is acceptable to provide funding without your own contribution. Generally, own contribution increases the likelihood of obtaining financing.

View all rates and conditions
More than a loan

Together the best for your business thanks to:

  • Financial resources to start or grow your agricultural business;
  • Individually tailored advice;
  • Visit to your company to discuss your application together;
  • Possibility to attend the Agri Business Academy
  • The reduced interest rate made possible by the government of Aruba's interest subsidy
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Personal

Focused on the entrepreneur

Social

Contribute to society

Connecting

Networking and making connections

Professional

Cooperation leads to success

FAQ for startups, loan limits and financing options

Yes, when starting a business, having a good business plan is essential when evaluating your application. Qredits offers several tools for writing a business plan. For example, you can use the free template business plan. You can also get started with our e-learning Business Plan Writing. 

Coaching is highly recommended when taking out a loan. The goal of the business coach is to help you succeed in your business. 

Together, we will look at what you need and where your needs lie.

Normally, within 14 days after an interview with a business advisor an update is given on the finalization of your loan application. The duration of the loan application primarily depends on the promptness of the requested documents. Upon approval, the necessary deeds are drawn up and sent. Upon receipt of the signed deeds, the credit will be transferred to your business account within 10 business days.

If your amount requirement exceeds AWG 200,000*, it is important that you first secure the additional loan amount needed from, for example, a bank. 

You cannot apply for credit in the form of a current account at Qredits. We only provide business loans up to  AWG 200,000*.

In the case of combination financing, it is important that the financing from the bank is approved first. Then you can submit an application to Qredits. 

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Questions or need help?

If you are having trouble or have questions we are here to help! Also for advice on which loan, training, or coaching is best for your situation. Contact us.

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