It is possible to apply for the loan
Before the foundation of the enterprise
A self-employed person
Own participation in the project: up to 7 000 EUR – 0%, over 7 000 EUR– 10% of the project's amount
Collateral
Private guarantee
Value of the pledge at leat 74% of the loan
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:
- Small loans for rural areas
- Working capital loans
- Loans to SMEs
- Loans for purchase of agricultural land
- Microloans