Unicaja Banco and Unión de Ganaderos y Agricultores Montañeses (UGAM-COAG) in Cantabria have renewed the agreement under which each year they collaborate to lend their support to farmers and livestock breeders in the processing of applications to CAP (Common Agricultural Policy) and the advance payment of those subsidies.
Unicaja Banco’s Regional Manager for Commercial Banking, Luis Manuel Taboada, and the Head of UGAM-COAG Cantabria, Gaspar Anabitarte, have signed this agreement. They highlighted the importance of the agreement to know first hand the situation of the sector in Cantabria and to adapt the financial resources to the real needs of the professionals.
Under the agreement, farmers will be able to use the organization’s experience and specialized staff and resources to process the subsidies, while, at the same time, will have access to various financial advantages provided by Unicaja Banco, such as the advance payment of the aids*.
Unicaja Banco has set, at a national level, a line of pre-approved loans for 800 million euros, aimed at customers who have their application dossier to be paid directly into their account at the bank.
The advantage of these loans is that they will provide the amounts needed to pay for the needs that are covered by the amount of the aid requested, in a quick and agile manner.
Likewise, this offering is extended with pre-approved five-year investment loans for the modernization and improvement of farms, as well as a complete range of specialized products and services under special conditions for UGAM-COAG members.
*Granting subject to the bank’s criteria.