Loans for working capital and investments. Economic activity support for sectors of the general economy for small and medium-sized enterprises, mid-caps and self-employed persons.*
*lother support programs available to the agricultural or fisheries sectors
Mitigated collateral requirements for loans of up to EUR 100 000
Loans above EUR 100 000 are required to have a loan-to-value ratio of at least 135%
For working capital
- up to EUR 1 000 000
- up to 5 years*
- annual rate from 2.5% + 6 months. EURIBOR **
For investments in fixed assets
- up to EUR 5 000 000
- up to 15 years*
- annual rate from 2.5% + 6 months. EURIBOR**
* The maturity of the working capital loan may vary depending on the type of loan (micro loan and small loan – up to 3 years, SME growth loan – up to 5 years). The maturity of the investment loan may vary depending on the type of loan – up to 8 years in the Micro-loan Program, up to 10 years for small loans in rural areas, up to 15 years if SME growth loan is granted. In the event the support is intended for purchase, construction or renovation of real estate the maturity of the loan is up to 8 years in the Micro-loan Program or up to 15 years for small loans in rural areas or SME growth loans.
** fixed annual rate from 4.9% if the loan is granted as a small loan in rural areas or as a micro loan.
ALTUM loans are for the projects:
- that do not intend to use the loan for acquisition of company shares and refinancing of the existing loans
- for companies outside the financial and insurance sectors
- unrelated to real estate transactions*
- within the sectors supported under the State aid frameworku
- that meet ALTUM creditworthiness assessment criteria
*(except for NACE Rev. 2.1. Group 68.2 “Renting and Operating of Own or Leased Real Estate” and as regards SME growth loans – except for group 68.1 “Buying and Selling of Own Real Estate”, provided the economic operator performs construction, renewal or reconstruction of the real estate (structure), whose primary exploitation type according to the normative regulations regarding classification of structures is the apartment house of three or more apartments situated outside Jūrmala city, Rīga city and administrative territories of the districts adjacent to Rīga city (Mārupe district, Olaine district, Ķekava district, Salaspils district, Ropaži district, Ādaži district)
The aid is granted in the form of de minimis aid in accordance with Commission Regulation (EU) 2023/2831 of 13 December 2023. For SME growth loans the aid may also be provided as regional aid under Commission Regulation (EU) No 651/2014.
