Altum-Services-Rural enterprises-Loan to agriculturalists

Loan to agriculturalists

It is possible to apply for the loan

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Before the foundation of the enterprise

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A self-employed person

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Own participation in the project: up to 7 000 EUR – 0%, over 7 000 EUR– 10% of the project's amount

Collateral

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Private guarantee

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Value of the pledge at leat 74% of the loan

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For loans up to 25 000 Eur no other collateral is required, if they comply with the guarantee conditions of  COSME

Loan is not issued in the cases when there are:

 

  • tax debts
  • current insolvency procedure
  • payment delays in the Credit Register of the Bank of Latvia
  • non-supportable investment branch


Loans are not issued for such industries and activities:

 

  • trade with alcohol
  • for production and trade of tobacco goods
  • financial and insurance acitivity
  • operations with real estate (except management of real estate)
  • project is related to creation or expansion of the export network of the enterprise’s goods
  • additional restrictions according to the rules of state aid programme 

 

Find out more about our programmes:

 

 

Apply for consultation

Consultation information

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