Loans

When your business needs financing, there are a variety of options. Below you can read about some of the funding options we can offer. However, when it comes to greater financing needs for more complex companies, a shelf product is often not enough. In such cases, we always start a strategic dialogue, and it often ends with a tailor-made solution.

What we can do for you?

Call us at +371 67 959 599 or contact your manager.
Let us know your needs, together we will find best solution.

Wide scope of Loans

Business Loans

Credit intended for business expansion: to acquire new equipment, machinery, and technologies, to buy real estate, and for construction companies to build residential homes.

Terms and Conditions

  • Loan Amount is determined according to your needs and financial ability to repay the loan
  • Currency – EUR
  • Interest rate can be fixed or variable
  • Credit term is up to 10 years
  • Loan repayment assurance: mortgaged immovable or movable property, and/or provide other collateral



Overdraft

Tool to increase your working capital and effect payments although the balance of your bank account is not sufficient to effect the payment.

 

 Terms and Conditions

  • Loan Amount is determined according to your needs and financial ability to repay the loan
  • Currency – EUR
  • Interest rate is variable
  • Loan term is up to 1 year
  • Loan repayment assurance: Loan repayment assurance: mortgaged immovable or movable property, and/or provide other collateral

Terms and Conditions

  • Property evaluation

    The property being mortgaged must be evaluated by a property assessor acceptable to the bank.

    Property assessors acceptable to the bank:
    SIA„ Latio”
    SIA „Ober Haus Vērtēšanas serviss”
    SIA „Interbaltija”
    SIA „Re eksperts”
    SIA „Arco Real Estate”
    SIA „Colliers International Advisors”
    SIA „Newsec Valuations lv”
     

     

     


  • Property insurance

    The mortgaged property must be insured by the insurance company acceptable to the bank.

  • Documents requested by the bank
    • A filled out application to obtain Credit
    • Financial reports for the last two years (balance sheets, profit (loss) statements, and cash flow statements)
    • A list of debtors and creditors with the amounts and dates the indebtedness was formed

    This is a partial listing; full listing of required documents is provided at the end of the credit product application form available from the bank.


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