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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
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.

Entrepreneur service plans

Beneficial package of services for everyday transactions

Contacts

S|E|B

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