Guarantee issuing procedure

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Guarantee issuing procedure

1. Economic entity applies to the financial lease (leasing) company asking for financial lease (leasing) and negotiates the terms.

2. Financial leasing company applies to Agricultural Credit Guarantee Fund asking for guarantee. The financial leasing company shall submit guarantee application and additional documents, indicated in the application.

3. The Board of Agricultural Credit Guarantee Fund makes a decision concerning guarantee issuing and reports it to both financial leasing company and financial leasing beneficiary. Financial leasing beneficiary pays guarantee fee and signs lease contract.

4. Agricultural Credit Guarantee Fund issues guarantee to financial leasing company.

5. Financial leasing company transfers leasing assets to financial leasing beneficiary.