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 June 30, 2021
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
List of banks