Business lendingIn addition to other lending purposes, Rietumu offers its customers financing for business development in Latvia and the Baltic states.
Lending takes the form of both a line of credit – to enhance the company’s cash flow and turnover and a standard loan – for the company’s asset investment or implementation of new construction, development, production and other projects.
The review of an application takes up to two weeks upon submission of a complete package of documents.
Loan type: loan/line of credit/overdraft
Period: up to 10 years
Amount: from EUR 0.5 million
Interest rate: as agreed upon by the parties
Shares and assets of companies, personal and corporate securities
Loan accommodation and its terms are considered by the Bank’s Loan Committee. A loan is accommodated only after the loan agreement and other documents have been signed and all prerequisites have been met.
The Bank does not consider applications for financing of the projects that show speculative transactions.
Order on consideration of loan application: