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- Working capital loan
Working capital loan
Loan advantages
- A monthly or quarterly repayment schedule coordinated with the business plan submitted by you, as well as with the projected money flow
- The loan may be made available in installments
- Low commission rates
This is a targeted loan to encrease working capital of your company within the framework of a specific project.
Term: up to 12 months
Interest rate: a variable interest rate of 3, 6, or 12-month EURIBOR or SEB banka resource price for 24, 36 or 60 months (the surplus rate is set individually)
Collateral: Real estate (mortgage), tangible property (a commercial pledge), cash (a financial pledge), guarantees, or other.
Required documents:
- A completed loan application
- A copy of the passport (ID card) of the authorised signatory
- A document certifying the signatory rights
- Current financial data with the breakdown of balance sheet and income statement items
- The latest annual report with the breakdown of balance sheet and income statement items
How to get it?
Step 1. Fill in the application via internet bank or apply for a consultation
Step 2. A bank employee will contact you
Step 3. Submit the required documents
Step 4. Sign the loan agreement and the collateral-related documents
Step 5. Register your collateral
The loan amount will be credited to your account with SEB bank within three business days.
| 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 1,000.00 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 |
| Uninsured collateral fee2 | 10.00 EUR per month |
|
Additional services |
|
| Valuation of collateral | 0,1%, min 50.00 EUR |
| Document submission for registration of the pledge | 50.00 EUR |
| 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.
2 The fee is charged if the collateral is not insured for more than 30 days.