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About the Credit Guarantees programme

Enterprises

An opportunity for entrepreneurs to receive bank loans for business development if their collateral is not sufficient for the receipt bank's financing.

  • The guarantee rate is up to 80 % of the loan principal amount for a period of up to 10 years.

  • The maximum amount of a guarantee is EUR 3 million for a period of up to 10 years — per one micro, small or medium-sized enterprise or a group of enterprises, except for road freight transport industry where the maximum amount of a guarantee is set to EUR 750,000.

  • The maximum amount of a guarantee is EUR 1.5 million for a period of up to 5 years — per large enterprise, except for road freight transport industry where the maximum amount of a guarantee is set to EUR 750,000.

  • The maximum amount of a guarantee is EUR 750,000 for a period of up to 10 years — per large enterprise, except for road freight transport industry where the maximum amount of a guarantee is set to EUR 375,000.

  • The guarantee can cover: an investment loan, a working capital loan (including credit limit), financial leasing (including financial leasing limit), factoring, a bank guarantee (procurement procedure guarantee, advance payment guarantee, performance or guarantee period guarantees), bank guarantee limit, a letter of credit.

  • A credit guarantee is issued on the basis of new enterprise obligations only.

  • The objective of a guarantee is to provide additional collateral for entrepreneurs could receipt a bank  financing for implementing their  business projects.

  • The guarantee is provided as de minimis aid in accordance with Commission Regulation (EU) No. 1407/2013 of 18 December 2013.

Contact banks for credit guarantee receiving

ALTUM partners

Contact our consultants for more information

Medicīnas sabiedrība ARS