About mezzanine loan
A top-up loan that serves as co-financing for a bank loan in the event that the bank’s terms and conditions are too onerous for the entrepreneur
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About the loan
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Together with the bank loan, provides financing for long-term investments
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The loan is subordinated to the bank loan and has lower security coverage than the bank loan
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Up to EUR 5 million, not more than 45% of the project cost, not exceeding the bank loan
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- Up to 15 years for investments in real estate purchase, construction or reconstruction
- Up to 10 years for other long-term investments
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Who can apply?
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Available only in addition to bank funding, the loan can be issued to economic operators registered in the Republic of Latvia, subject to restrictions regarding the business sector and financial situation
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Cost
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The total annual interest rate is made up of a rate that is equal to interest on the bank loan but not less than 3.5%, and the cost of the Treasury resources
For more information, please enquire our consultants
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Juris Siliņš
Juris.Silins@altum.lv -
Ilona Adamaite
ilona.adamaite@altum.lv
Cross Timber Systems, Andris Dlohi
MADARA Cosmetics
Medicīnas sabiedrība ARS
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