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- Loan with ALTUM guarantee and no collateral
Loan with ALTUM guarantee and no collateral
Funding in cooperation with ALTUM, for small and medium-sized companies business development projects
- Lower interest rates, if compared to other funding types
- No need for a commercial mortgage or a security in the form of a real estate
- Quick review and borrowing
The credit is suitable for business investment projects, funding current assets and buying fixed assets, repairing commercial and production premises, etc. up to EUR 20,000.
The state automatically grants its guarantee, and personal sureties of the company owner are accepted as a security.
Amount: from 2,000 EUR to 20,000 EUR
Maturity: with a repayment schedule of up to 3 years
Interest rate: starting from 9% with a 3-month EURIBOR
ALTUM guarantee raising is subject to a guarantee charge, which varies depending on the credit sum and payment term.
Collateral: the guarantee of the company’s owner
Turnover: at least 70% of company's monthly turnover is in SEB bank
For a company to be eligible, it shall:
- comply with the status of small and medium-sized enterprises according to CoM Regulations No. 776;
- comply with the state-granted de minimis aid limit. It sets a maximum threshold of state aid granted to a company over the last three fiscal years amounting to EUR 200,000 (in automotive – amounting to EUR 100,000). See more on de minimis conditions on the website of the Ministry of Finance;
- comply with economic activity, which is not on the ALTUM-list of prohibited industries (LAT)
- A completed loan application
- A copy of the passport or ID card of the authorised signatory
- A document supporting the signatory rights
- The latest annual report with the transcript of balance sheet and profit or loss account items
- Declaration on the enterprise’s qualification for small or medium-sized commercial company category
- De minimis form
Step 1. Apply via internet bank or choose a consultation
Step 2. Our employee will contact you
Step 3. Submit the required documents
Step 4. Your application will be reviewed
Step 5. In case of approval, sign the credit and guarantee agreement
Step 6. The loan will be credited to your account at SEB bank within one working day from the date of signing the loan and guarantee agreements
| Services | Fees |
|---|---|
| Revision of the application | Free of charge |
| Processing of a loan, increasing of the limit (% of the amount of the increased limit)1 | 1%, min 150.00 EUR |
| Reserving loan resources (calculated in % for the unused amount of the granted loan) | 0,5% |
| Repayment of the loan before maturity (% of the amount repaid before maturity) | 2%, min 100.00 EUR |
| Prolongation of a loan maturity1 | 0,5%, min 150.00 EUR |
| Other changes to the loan agreement on the customer's initiative (% of the loan balance)1 | 1%, min 150.00 EUR |
|
Additional services |
|
| Preparation of documents and applications needed for crediting services | 15.00 EUR/hour |
| Preparation of loan agreement and collateral agreements in electronic format | Free of charge |
| Preparation of loan agreement and collateral agreements in paper format | 35.00 EUR |
| Preparing, drafting and approving bank's consents/authorisations and other documents upon the customer's request | By agreement, min 70.00 EUR |
| Printout of information from LURSOFT database (financial statements, full information about the company, etc.) upon the customer’s request |
10.00 EUR (plus VAT 2.10 EUR) |
| Confirmation of loan issuance | By agreement, min 30.00 EUR |
1 The commission fee must be paid on the day the agreement or amendments are signed.