Loan

Funds to expand your company!

  • Loan from 5000 EUR for your business needs.
  • Possibility to get financing without pledge.
  • Access to financing simplified by guarantee programs EIF or ALTUM.
  • Easy to apply in Internet bank
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Minimum sum of loan - 5000 EUR. Alternative for smaller ammount – Business Credit Card.

The calculated monthly payment is for information only and gives an approximate idea. The calculation is for information only. In the event of the variable component of the interest rate (6-month EURIBOR) applied to the financing increasing to 1.831% (historically highest 6-month EURIBOR value within past 10 years), the monthly payment would be 254 EUR

  • 0EUR
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Loan payment schedule sample

Payment Balance Principal repayment Interest payment Monthly payment
0 0.00 0.00 0.00 0.00
  • Suitable for IT development, purchase of tools and realization of other short-term business needs.
  • To buy real estate, agricultural land or other fixed assets.
  • To construct or renovate buildings.
  • For covering expenses related to marketing.
  • Loan amount from 5 000 EUR
  • Term up to 5 or 10 years based on collateral and loan amount, for purchasing agricultural land up to 20 years.
  • Annual interest rate:
    • without collateral from 10%;
    • with collateral (real estate property, commercial pledge) - on case-by-case basis.
  • Possibility of grace period.

As a precondition to applying for the financing, the corporate customer must have been carrying out business activities for at least 12 months.

  • If the limit is up to 15 000 EUR - company turnover or owner's surety.
  • European Investment Fund guarantee programs EaSI or COSME.
  • ALTUM guarantees.
  • Mortgage on real estate property, commercial pledge or agricultural land.
  1. Fill out the application on the Internet Bank. We will contact you within 2 business days.
  2. Sign the agreement via internetbank or book a time at Swedbank branch.
  3. If necessary, register the collateral and procure insurance.
We can ask for the annual financial report (not older than 12 months) if it has not been submitted to the Commercial Register.
In case of property collateral needed we ask a valuation report from a real estate agency accepted by the bank.

Loan

Service Price, EUR
Up to EUR 200 000 Above EUR 200 000
Applying
Management fee If signed via Internet Banking – 1% of the total amount, min. EUR 100.00
If signed at branch – 1.5% of the total amount, min. EUR 150.00
On case-by-case basis, min. EUR 300,00
Real estate valuation by Swedbank, approval of appraised market value Real estate valuation is prepared in abbreviated form and is not suitable for presenting to other credit institutions, and cannot be used for the needs of other individuals or legal entities 30,00 - 1000,00 Detailed Swedbank real estate pricelist
Using
Fee for non-used credit limit (% per annum) If the loan is guaranteed by real estate or commercial collateral. 0,50%
Increasing the loan amount If signed via Internet Banking – 1% of the additional amount, min. EUR 100,00
If signed at branch - 1.5% of the additional amount, min. EUR 150,00
On case-by-case basis, min. EUR 250,00
Extending the loan repayment period If signed via Internet Banking – 1% of the total amount, min. EUR 100,00
If signed at branch - 1.5% of the total amount, min. EUR 150,00
On case-by-case basis, min. EUR 250,00
Processing of other changes and contractual amendments Up to 0.5% of the outstanding amount, min. 150,00
Change of loan currency, change of interest rate type If the loan is guaranteed by real estate or commercial collateral. 1.5% of the outstanding loan amount
Full or partial early repayment of the loan 1.5% of the outstanding loan amount
Preparation and issuance of standard loan extracts and bank references 25,00 - 50,00 + VAT Standard - 25,00 + VAT
Urgent - 50,00 + VAT
Preparation and issuing of bank’s consent upon client's request On case-by-case basis, min. 30,00 + VAT If the Bank’s consent needs to be notarized, then, in addition to the fee, the Customer will cover the expenses of notary services.
Monitoring of the loan in connection with insurance of the collateral If the loan is guaranteed by real estate or commercial collateral. 145,00 - 285,00 if liabilities secured against this collateral:
- are less than EUR 1.5 million - 145,00
- exceed EUR 1.5 million - 285,00
Lease agreement approval If the loan is guaranteed by real estate. 50,00 - 200,00
Fee for registration of mortgage in branches of Land Register of Riga city or district on client's behalf If the loan is guaranteed by real estate. 35,00 The fee is withheld if the client wishes to use the services of Bank's courier.

Effective from 19.08.2020.

Contracts entered into between the European Investment Fund (EIF) and Swedbank enable us to provide loans and leasing services to micro, small and medium-sized enterprises in Estonia, Latvia, and Lithuania. The EIF aims at helping to finance and carry out investments in the European Union and ensuring greater access to capital. The guarantee programmes also help to finance necessary investments if an enterprise does not have sufficient collateral.

EaSi guarantee

The objective of this program is to increase access to finance for micro-enterprises by offering additional guarantee from EIF.

Requirements for using the EaSI guarantee

  • Fixed assets and working capital are financed.
  • The maximum amount to be financed is up to 25 000 EUR
  • The company has up to 9 employees.
  • Annual turnover is up to 2 million EUR or the balance sheet total is up to 2 million EUR
  • The guarantee is free of charge.

To get the EIF-supported financing, ask your contact person in the bank or fill in an application form here.

The supported financing benefits from the support of the European Union under the Guarantee Facility established under Regulation (EU) No 1296/2013 of the European Parliament and the Council establishing a Union Programme for Employment and Social Innovation (EaSI) and the European Fund for Strategic Investment (“EFSI”) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.

COSME guarantee

Requirements for using the COSME guarantee

  • Fixed assets and working capital are financed.
  • The maximum amount to be financed is 1.5 million EUR
  • The company has up to 249 employees.
  • Annual turnover is up to 50 million EUR or the balance sheet total is up to 43 million EUR
  • The guarantee is free of charge.

To get the EIF-supported financing, ask your contact person in the bank or fill in an application form here.

This financing is made possible thanks to the Guarantee that has been provided by COSME and the European Fund for Strategic Investment (“EFSI”) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.

Swedbank and development financial institution ALTUM have signed a cooperation agreement on implementing a new state support financial instrument — portfolio guarantee.

The Portfolio Guarantees Programme is intended for small and medium-sized enterprises (SME). In the Programme, Swedbank plans to grant finance in the amount of EUR 11.7 million to 200 companies till July 2020.

If the existing company's collateral is not sufficient for a bank loan, this guarantee can help.

Conditions for granting the finance:

  • Maximum finance amount up to EUR 250,000
  • Eligible to the finance are investments in fixed assets and current assets
  • Lower loan interest rate
  • Guarantee's premium:
    0.8% per annum if the finance period is under 2 years
    1.42% per annum if the finance period is over 2 years
  • Fast handling process

If the amount to be financed exceeds 250 000 EUR, Swedbank offers setting up ALTUM's individual credit guarantee.

To receive finance with ALTUM guarantee, please contact your contact person at the bank or fill out the application here.

Finance under this Programme is considered de minimis support in accordance with Commission Regulation (EU)1407/2013 of 18.12.2013. Cabinet Regulations 537 of 10 .09.2017 on portfolio guarantees to facilitate lending to micro, small- and medium-sized businesses. More information on who can receive the ALTUM guarantee is here.

To find out which financing option would work best for your company, sign up for a consultation!

Choose the purpose of financing and find suitable loan.