AgriFin - BKB

About BKB AgriFin

To be competitive in agriculture, farmers need the support of not only the markets, but also strong financial support.

The establishment of BKB AgriFin has emerged to meet this very need, and we are committed to being the leading Agribusiness in South Africa. How? By adding value to all stakeholders with a key focus on sustainable, profitable growth the entrepreneurial way.

BKB AgriFin operates from the group’s head office in Port Elizabeth. We benefit from BKB’s extended footprint, but employ staff whose passion for customer service provides competitive advantages for our clients.

We see ourselves as a notable role player in the Southern African agricultural environment.

Finance Product Range

BKB AgriFin’s loan products have been customised specifically for the primary agricultural sector in South Africa. BKB AgriFin’s credit advisors and divisional personnel work closely with you on a farm level to understand and meet your unique financial needs.

Please explore our range of innovative, flexible financial products designed for agricultural producers in South Africa. Click on the product name for even more details.

Production Loan: Fibre

Production Loan: Fibre (wool/mohair)

The production loan is granted for a maximum of a 12 month period on the condition that the client has a track record regarding fibre delivery to BKB or a firm undertaking (i.e. cession on proceeds of fibre) is given that fibre will be delivered to BKB.

Minimum Loan	Depending on where the wool is in terms of the production cycle the loan amount will differ. A realistic norm is 50% of the rand value of the average historic fibre delivery.
Term	Maximum 12 month period
Repayment	Capital and interest to be paid within a 12 month period from the proceeds of the fibre.Interest is calculated from the date of the transaction until date of repayment – both dates included
Security	Cession on proceeds of fibreSurety in favour of borrowing entity from major asset owner, subsidiary and/or shareholder(s).

Credit Line: Livestock

This facility enables livestock farmers, feedlot owners & abattoirs to purchase livestock via BKB auction or liaison transaction. Payments are per invoice and terms vary up to 180 days.

Minimum Loan	R50 000
Term	7 days to 180 days – depending on the production cycle; subjected to an annual review
Repayment	Capital and interest to be paid within agreed term.Interest is calculated from the date of the transaction until date of repayment – both dates included – unless full repayment is received within 14 days from date of transaction
Security	General or specific notarial bond over livestock.Commercial covering mortgage bond over property.Surety in favour of borrowing entity from major asset owner, subsidiary and/or shareholder(s).

Trade Finance: Monthly Account

Monthly Account

The facility enables a client to transact direct and indirect transactions, regarding the purchase of production inputs, through BKB Trade. Account is payable 30 days after date of statement.

Minimum Loan	R500
Term	Ongoing subject to an annual review
Repayment	Capital and interest payable 30 days after statement.If full payment is received within 30 days after statement – no interest is charged.
Security	Surety in favour of borrowing entity from major asset owner, subsidiary and/or shareholder(s).Depending on the results of the risk analysis, facility amount, etc. other securities may be negotiated

Trade Finance: Production Loan

Production Loan

The facility enables a client to transact direct and indirect transactions through BKB Trade regarding the purchase of production inputs. Repayment of the account is linked to the specific farming enterprise (i.e. wool / wheat / maize / potatoes / livestock / pineapples) and is settled from the proceeds of that specific farming enterprise.

SecuritySurety in favour of borrowing entity from major asset owner, subsidiary and/or shareholder(s).Depending on the results of the risk analysis, facility amount, etc. other securities may be negotiated.

Minimum Loan	R100 000
Term	Full repayment from the proceeds of the specific farming enterprise, depending on the production cycle of the crop, with the understanding that the maximum term is 12 months
Repayment	Capital and interest repayments to be determined by the cash flow/ production cycle of the business unit/ farming enterprise.For example: winter and summer grains – Capital and interest is payable from the proceeds of the harvest (maximum 12 month period).Interest is calculated from the date of the transaction until date of repayment – both dates included

Want to know more?

To have a representative of BKB AgriFin contact you with more information, click the “contact me” button below.

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For information about BKB AgriFin Products or to have a credit advisor contact you, please call our Customer Service Centre on 041 – 503 3074 or send an email to bkbcredit@bkb.co.za to find out more.