LPB in cooperation with Finance development institution Altum offers additional opportunities for securing credit and financing investments.
The rules for receiving an Altum guarantee provide a unified procedure, conditions and obligations to all credit-institutions in Latvia.
Is granted in cases, when the financing offered by the entrepreneur is insufficient.
- Altum covers up to 80% of total credit amount
Guarantee can be attached to:
- Investment loan
- Working capital
- Financial leasing
- Contest, advance
payment, execution or time guarantee
Is granted in cases, when the entrepreneur cannot cover the full participation costs.
- Altum covers up to
45% of total project costs
- Maximum term for long term investment project is up to 15 years and the amount does not exceed 5 million euros
For more detailed information about using Altum services for your credit transaction, please write to the LPB Credit department here.