Loan Holidays Guarantee | Covid-19
For companies that have experienced objective difficulties in making loan repayments to banks due to the Covid-19 crisis, we offer a credit guarantee that will allow the bank to defer payment of the principal amount.
Available to businesses, farmers, and those working in the fisheries and aquaculture industries
SME as well as large businesses can apply for the guarantee
The amount of the financial service covered by the guarantee shall not exceed 25% of the business’ total turnover in 2019, but the maximum amount of the guarantee shall not exceed EUR 5 million
The guarantee covers up to 50% of the amount of the financial service (at the moment the guarantee is granted)
Maturity of the guarantee is up to 6 years for financial leasing and investment loans, up to 3 years for working capital financial services
Guarantee Premium 0.5% per year
Types of supported financial services:
• investment loans
• loans to finance working capital, including credit limits (credit lines and overdrafts)
• financial leasing, financial leasing limits
Support available until December 31, 2020
Support allocated in accordance with Cabinet Regulation nr 150 "Noteikumi par garantijām saimnieciskās darbības veicējiem, kuru darbību ietekmējusi covid-19 izplatība".
Enquire your local bank about the guarantee
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