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Working capital loan

  • Increases working capital for financing business expansion
  • Improves company’s cash flow
  • Guarantees seamless business operations 
     
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Agreement term

up to 1 year

Financing limit

from 2000 euros

Collateral

  • Immovable and movable property, surety and securities as additional guarantee
  • It is possible to apply for a guarantee to the extent of up to 80% of the loan provided by ALTUM

Required documents

  • Filled loan application.
  • Latest annual report and interim report on current financial year
  • Description of how the loan will be used, incl. financial projections
  • A valuation report if a property is offered as collateral

   
1. Investment loan  
- agreement conclusion 1% of the loan amount, min. EUR 200
- agreement amendment 1% of the remaining loan /limit, min EUR 200
2. Working capital loan  
- agreement conclusion 1% of the loan amount, min. EUR 200
- agreement amendment 1% of the remaining loan /limit, min EUR 200
3. Overdraft  
- agreement conclusion 1% of the loan amount, min. EUR 200
- agreement amendment 1% of the remaining loan /limit, min EUR 200
- increasing the loan amount/limit 1% additional loan amount/limit, min EUR 200
4. Start-up loan  
- agreement conclusion 1,5% of the loan amount
- agreement amendment 1% of the remaining loan /limit, min EUR 200
5. Apartment building renovation loan  
- agreement conclusion 1% of the loan amount, min. EUR 200
- agreement amendment 1% of the remaining loan /limit, min EUR 200
6. Other loan-related services  
- contractual penalty for the violation of any other non-monetary obligation stipulated in the loan agreement up to 5% of the loan amount outstanding at the moment of violation
-re-registration of a pledge established on a building into a mortgage free of charge
- reminder of debt free of charge
- debt claim letter EUR 5

(1) All amendments to the loan, which have not been indicated under separate clauses in the price list (incl. amendment of collateral in a notarised or other form).
(2) Commission fee applies to certificates issued at a bank office. A certificate issued automatically in the Internet Bank is free for the client (for enclosing electronically to income tax return).

Simple steps to apply

1.
Send us the filled application

2.
We will contact you with proposal or additional questions.

3.
After a positive decision, sign the agreement

Other options to finance your business’ trade and purchases

Factoring

Change your invoices into cash flow. Offer extended payment terms to your clients, without reducing your working capital or sales volume.  

Overdraft

Flexible option for using extra cash, offering the possibility to have a negative balance on company’s account for financing working capital.
 

Trade financing

Financing and managing the risks of your company’s trades.
 

Want to make sure you find a suitable solution?

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  • Our client executives will help you find the suitable
  • We have a dedicated team of professionals you can trust

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