Lending to Business

Rietumu Bank provides its corporate customers with an opportunity to finance the development of their businesses in Latvia and the Baltic states.

Funds are provided in the form of a credit line - to increase a cash flow or a turnover, or in the form of a classical loan - for investment in current assets or for the implementation of new projects in areas such as construction, development, production, etc.

Consideration of an application: up to two weeks from the moment of provision of a full set of documents.

Loan type: loan/credit line/overdraft
Term: up to 10 years
Amount: from EUR 0.5 Million
Interest rate: as agreed by the parties
Currency: EUR

Collateral:

• Real estate in Latvia
• Equipment, stock in trade, accounts receivable, etc.
• Loan amount: up to 70% of the fair value of the collateral

Additional Collateral:

• Shares and assets of companies
• Personal and corporate guarantees

Additional Conditions:

• Experience in the credited business area: minimum 3 years
• Positive equity and profitability
• Availability of cash flow which is sufficient for paying the interest rate and the principal amount.
• Registration and insurance of collate
• Issues about granting a loan and its conditions are considered by the Credit Committee of the Bank.
• A loan is granted after the signing of the loan agreement, other documents and fulfilling all necessary conditions.
• Applications for the financing of projects with signs of speculative transactions are not considered.

To apply for a loan, it is required:

• to have a current account in the Bank
• to apply for receiving a loan
• to present the required documents