Latvijas pasta banka

Altum

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.

Credit guarantee

Is granted in cases, when the financing offered by the entrepreneur is insufficient.

  • Altum covers up to 80% of total credit amount
  • Repayment term cannot exceed 10 years
  • Maximum guaranteed amount up to 1.5 million euros

Guarantee can be attached to:

  • Investment loan
  • Working capital loan
  • Financial leasing
  • Factoring
  • Contest, advance payment, execution or time guarantee

Mezzanine loan 

TIs granted in cases, when the entrepreneur cannot cover the full participation costs.

  • Altum covers up to 40% of total project costs
  • Maximum term for long term investment project is 10 years and the amount does not exceed 5 million euros.
  • Maximum term for current asset project is 3 years and the amount does not exceed 200 thousand euros.

For more detailed information about using Altum services for your credit transaction, please write to the LPB Credit department  here.

News