Financing your business investments
Collateral
- Pledged property for which you take a loan to purchase or renew
- Immovable and movable property, securities and surety as additional guarantee
- Cooperation with EIF's for more flexible loan conditions
- Guarantees of ILTE
Microloan with EIF and ILTE guarantee
- Up to EUR 50,000 without any collateral
- Intrest rate starting from 4% + Euribor, agreement fee 300 EUR
- 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 and does not require material collateral
- For very small, small or medium-sized companies - ILTE guarantee, material collateral is possible
| Service | Charge | |
|---|---|---|
| Annual interest rate | as agreed | |
|
Administration fee for:
|
from 0.6 per cent of the loan amount, |
|
| Credit project analysis and assessment, bank certification or approval issuance | 50 per cent administration fee, however, no less than EUR 300.00. Upon entering into a credit agreement it is included into a relevant administration fee. | |
| Commitment fee | from 0.7 per cent of non drawn-down loan amount | |
| Loan pre-payment fee | min 1 per cent of the prepaid amount (depending on the loan maturity) | |
| Uninsured Collateral Administration Fee (applied if a collateral is a residential real estate object) | EUR 20.00 per month The fee is charged if the collateral is not insured for more than 30 days |
|
| Amendment of terms under the loan agreement terms2 if: | ||
| 1) the loan currency is changed 2) fixed interest rate is replaced with variable interest rate and vice versa 3) variable interest rate portion adjustment period is changed 4) fixed interest rate determination period, start and end is changed |
||
| If variable interest rate is applied: | ||
|
||
If fixed interest is applied:
| year(s) until expiry of fixed interest rate period | percent of the loan amount, min EUR 500.00 | ||
|---|---|---|---|
| up to 1 year | 1 | ||
| 1–2 years (inclusive) | 1.5 | ||
| 2–3 years (inclusive) | 2 | ||
| 3–7 years (inclusive) | 2.5 | ||
| 7–10 years (inclusive) | 3 | ||
| more than 10 years | 3.5 | ||
| Amendment of terms in any other cases | as agreed, min EUR 500.00 | ||
1 The fee is calculated of increase in the loan amount.
2 The fee is not applied in the event of the loan maturity extension or increase in the loan amount.
Simple to apply
Send us
the filled application
We will contact you
with proposal or
additional questions
After
a positive decision,
sign the agreement
Required documents
- Filled loan application
- Latest annual report and interim report on current financial year
- Description of how the loan will be used, incl. financial projections
- A valuation report if a property is offered as collateral
- Pledged property insurance
- If you are not a customer of SEB, account opening is needed
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.
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.
Other ways to finance your business growth
Business leasing
Leasing for cars, equipment or commercial vehicles for your business.
Want to make sure you find a suitable solution?
- Our client executives will help you find the suitable financing solution for your business
- We have a dedicated team of professionals you can trust
Interest risk management for business
- Financial risk assessment
- Interest rate swap
- Interest rate cap
- Interest rate floor
- Interest rate collar
