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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.

 

  • Available to businesses, farmers, and those working in the fisheries and aquaculture industries

  • SME as well as large businesses can apply for the guarantee

  • 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

  • The guarantee covers up to 50% of the amount of the financial service (at the moment the guarantee is granted)

  • Maturity of the guarantee is up to 6 years for financial leasing and investment loans, up to 3 years for working capital financial services

  • Guarantee Premium 0.5% per year

  • 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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