Latvijas pasta banka

Loan for financing current assets

Loan for financing current assets involves short term financing of the client in order to replenish current assets in one specific project. The loan amount can be given once or gradually.

Loan conditions:

  • amount: to 4 000 000 EUR or equivalent in other currency;
  • currency: EUR, USD;
  • maturity: up to 18 months;
  • interest rate: depends on individual risk.

Collateral:

  • founds/deposit in the bank;
  • real estate pledge up to 70% collateral of the market value;
  • commercial pledge of company assets up to 70% of collateral of the market value;
  • other for bank acceptable collateral.

Loan granting conditions:

  • economic activity of the company at least 1 year;
  • own capital in the balance at least 10%;
  • company has to work with profit;
  • company’s liquidity has to equal or higher than 1.

To receive the loan you have to:

  • open a current account in LPB;
  • fill in the application form and other necessary documents.

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