Commercial loan

If you are an entrepreneur that only is about to start your business or wants to improve and expand the operation of your company and you are in need of additional monetary funding, then the following finance offers from SEB bank will help you to implement your ideas:

Loan for long-term investments

It is destined for starting your business projects, for purchases of equipment, vehicles, real estate (as well as for repairs, renovation and building of real estate).

The object to be financed serves as the collateral; as additional collateral can be real estate or movable property, accounts receivable, goods in stock, shares, guaranties from the owners of the company, pledge of third party.

Maturity term in average is from 3 to 7 years. Grace period is up to 12 months. Commission feed and interest rates are set and evaluated for each credit project individually.

Loan for current assets

It will allow a short-term increase in current assets in case of seasonal necessity or for a separate project, will give opportunity to receive financing for purchase of raw materials, goods and other current assets.

The object to be financed – current assets, serves as the collateral. Maturity term is up to 1 year, various grace periods.

Credit line

It enables company to finance its stock or accounts receivables within pre-set limits and for defined periods of payment.

The object to be financed – current assets, serves as the collateral.

Maturity term is up to 1 year, various grace periods.

Variable credit line limit – considering the seasonal nature of the business. Interest rate must be paid for used amount, as well as for reserved part of the credit limit.

Factoring

Factoring is destined to improve the company's cash flow and it comprises of transferring the money request (accounts receivable) to the factoring company and receiving immediate payment in the set amount.

No additional collateral needed.

Advance fee: 80%-90% of the amount of the invoice-waybill.

Latvian Guarantee agency (LGA) Credit guarantees

The aim of the Guarantee is to ensure entrepreneur with obtaining credit resources for commercial activities in situations when with collateral held by entrepreneur is not enough to attract required finance.

Guarantees are issued for the following financial services:

- Loan for investments;

- Loan for current assets;

- Financial leasing;

- Factoring;

- Tender, pre-payment, payment, performance or  time guarantees.

The aid is refused for existing financial obligations.

LGA guarantees amounts

Guarantee covers up to 80% of the financial service, but one undertaking or cooperative partnership which provides agricultural services does not receive more than EUR 3 000 000 equivalently in LVL.

Guarantee period does not exceed ten years for Loans for investments and financial leasing and three years for Loans for current assets and domestic factoring.

Additional information on LGA guaranties can be obtained in SEB bank branches and www.lga.lv

Information on other financing options and SEB bank products you can obtain in all SEB bank branches or by calling to the toll free phone: 8777.