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Microloan for your business success

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Microloan

Supported by EIF's portfolio guarantee program
Up to EUR 50,000.
Guarantee of the company’s owner as collateral
Interest rate starting from 4% + Euribor, agreement fee 300 EUR

Conditions

  • For the development  of business
  • The maximum amount to be financed is up to EUR 50,000.
  • For very small companies with up to 9 employees and a turnover not exceeding EUR 2 000 000, the EIF guarantee is free of charge, no collateral is required. 
  • For very small, small or medium-sized companies - ILTE guarantee, collateral is possible.

Check if you are ready to get credit

  1. Positive business history and reputation

    The bank must make sure that the company does not have late payments to suppliers, employees or other financial institutions, companies, shareholders, the reputation of the management is good, the business has not caused scandals or been involved in legal proceedings, the company's assets have not been seized. Financial institutions usually evaluate the credit history of the last 2-3 years, so the influence of past blemishes can gradually decrease if the company has learned from mistakes and taken steps to prevent them from happening again.

  2. Positive equity

    Equity is a financial indicator that shows how much a company or person has assets after deducting all financial liabilities. We cannot finance companies whose liabilities already exceed the company's assets. Equity is one of the most important financial indicators that allows us to assess the financial health of the company.

  1. Stable and unprofitable operations

    It is important that the company performs stably profitable, has at least 2 years of company history. The business must not only earn a profit, but also ensure reliable sustainable financial law, the company's business is cyclical or seasonal. In order to maintain continuity of financing, the company must maintain profitability for more than one year.

     

  2. Loan repayment plan

    When applying to the bank, the company must justify the credit and have a plan for how it will be repaid. The bank's recommended loan repayment period is up to 5 years (different types of credits have different repayment terms).

Simple to apply

1.
Send us the filled application
2.
We will contact you with proposal or additional questions.
3.
After a positive decision, sign the agreement

EIF Guarantee

Contracts entered into between the European Investment Fund (EIF) and SEB enable us to provide loans to micro, small and medium-sized enterprises in Estonia, Latvia, and Lithuania. The Guarantee is provided with the ultimate purpose of enhancing access to finance in line with defined policy objectives. The objective of this program is to increase access to finance for micro-enterprises by offering additional guarantee from the EIF.

To get the EIF-supported financing, fill in  application.

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Cooperation with Ilte

ILTE provides guarantees that help enterprises in Lithuania solve the problem of insufficient collateral, thereby facilitating access to financing sources. These guarantees are intended for both start-up entrepreneurs and existing companies seeking to invest in tangible assets, replenish working capital or implement other business development projects.

Want to make sure you find
a suitable solution?

  • Our client executives will help you find the most suitable financing solution for your business.
  • We have a dedicated team of professionals you can trust.

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