Credit Line
Maturity: up to 1 year
Amount: Depending on evaluation of the current and future financial state of the enterprise
Credit currency: LVL, EUR
Interest rate:
- LVL - 3 months RIGIBOR + attractive interest rate we will agree on during our first meeting with each partner individually
- EUR - 3 months Libor (EUR) + attractive interest rate we will agree on during our first meeting with each partner individually
Possible types of collateral:
- Assets of the company
- company’s capital shares
- real estate
- in some cases as additional collateral may be considered guarantees of the company owners
To receive the loan the following documents are required:
Company’s registration documents:
- Registration certificate (copy on presenting the original)
- the Company’s registration certificate as a taxpayer (copy on presenting the original)
- Charter (copy on presenting the original)
- Decision of the Commercial Register about registration of the persons authorised to sign in the Commercial Register (copy on presenting the original)
- Reference from SIS (State Income Service) on lack of tax payment and equalled to taxes payments debt
- Passport copies of authorised to sign persons (on presenting the original)
Company’s financial documents:
- Reports with attachments for previous two years (approved by according SIS)
- Balance and profit/ loss account for the last quarter of the current year
- Estimated money turnover in the company during the loan usage period
Company’s business-plan, including the following information:
Description of the company and its commercial activity:
- Information about the company’s activity
- Who are the owners, administration of the company (experience, gains)?
- What kind of products/ services does the company offer?
Information about the project:
- Persons supporting and interested in the project;
- Purposes and services of the project
- What is the situation in the market in this area and marketing conception?
- Information about business competition in the market and who are major competitors?
- Technical description of the project
- Investment expenses
- Company’s developing plan. Arguments.
- Which technologies, equipment, materials are used?
- Who are the creditors and debtors of the company?
Evaluation of the mortgaged real estate of the company (with remark for Danske Bank A/S Latvia branch)
Bank is entitled to require additional documents necessary for the considering of the project!