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ELIGIBLE BORROWERS
• Farm Tourism Operators/Investors that may be:
- Sole Proprietorship/Partnership
- Cooperative
- Farmers Association/Organization (with legal personality
to borrow)
- Corporation
• Local Government Units (LGUs); and
• State Universities and Colleges (SUCs) with issued Multi-Year Obligation Authority (MYOA) from the DBM

ELIGIBLE PROJECTS
• Development/Improvement of Farm Tourism site/camp, including construction of facilities and amenities
• Crop, livestock and fishery production and marketing
• Homestay improvement/renovation/expansion
• Acquisition of transport facilities
• Construction of training centers related to the tourism project
• Construction of Tourism Roads (LGUs)
• Other Tourism Projects

LOAN PURPOSE
• Fixed Asset Acquisition/Construction (FAA/C)
• Production Loan
• Working Capital
• Permanent Working Capital (PWC)

LOANABLE AMOUNT
Up to 80% of the total project cost or financing requirement

INTEREST RATE
Regular pricing structure based on identified client sector

TERM OF LOAN
• STLL - one year line available via PNs depending on cash cycle
Term Loan
• PWC-maximum of three (3) years
• FAA/C-Based on project cash flow/payback period but not more than the economic useful life of fixed assets or remaining useful life for second-hand/refurbished machines/equipment

OTHER FEES
Standard LANDBANK fees and charges for loans shall apply.

LOAN SECURITY
• Any or combination of the following:
• Real Estate Mortgage
• Chattel Mortgage
• Assignment of Receivables
• Assignment of guarantee, surety, insurance and other similar instruments whichever is/are applicable
• Other collaterals acceptable to the Bank

BASIC CONSIDERATIONS
• Proponent shall secure DOT certification for existing Farm Tourism projects.
• For new farm tourism projects, borrower must execute a Deed of Undertaking that he/she will secure a certification from DOT.

DOCUMENTARY REQUIREMENTS
Single Proprietorship
• Certificate of Registration with DTI
• Bio-Data of Borrowers/Proprietors
• Statement of Assets and Liabilities of entities who will sign as JSS (notarized)
• Business Plan (including Financial Projections, Source of Equity, List of Suppliers/Markets or Buyers and Contact Numbers)

Cooperative/Association/Corporation
• Certificate of Registration with CDA/SEC/DOLE-BRW
• Articles of Incorporation/Cooperation and By-Laws
• Information Sheet of the Board of Directors and Officers
• Board Resolution authorizing the cooperative/association/ corporation to borrow and designating at least two (2) officers to negotiate and sign loan documents
• Project Proposal

Other documentary requirements and terms and conditions shall be discussed by the LANDBANK Lending Center depending on the borrower and proposed project.