Loan Holidays Guarantee | Covid-19
For companies that have experienced objective difficulties in making loan repayments to banks due to the Covid-19 crisis, we offer a credit guarantee that will allow the bank to defer payment of the principal amount.
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Available to businesses, farmers, and those working in the fisheries and aquaculture industries
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SME as well as large businesses can apply for the guarantee
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The amount of the financial service covered by the guarantee shall not exceed 25% of the business’ total turnover in 2019, but the maximum amount of the guarantee shall not exceed EUR 5 million
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The guarantee covers up to 50% of the amount of the financial service (at the moment the guarantee is granted)
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Maturity of the guarantee is up to 6 years for financial leasing and investment loans, up to 3 years for working capital financial services
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Guarantee Premium 0.5% per year
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Types of supported financial services:
• investment loans
• loans to finance working capital, including credit limits (credit lines and overdrafts)
• financial leasing, financial leasing limits -
Support available until December 31, 2020
Support allocated in accordance with Cabinet Regulation nr 150 "Noteikumi par garantijām saimnieciskās darbības veicējiem, kuru darbību ietekmējusi covid-19 izplatība".
Enquire your local bank about the guarantee
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