Business lendingRietumu specializes in corporate lending in Latvia and abroad.
Loans are secured by liquid commercial real estate in Baltic States, Ireland, United Kingdom and other countries of European Union.
Loan accommodation and repayment procedure
Rietumu customers have access to the entire range of loan products, including financing in the form of a standard loan or a revolving line of credit.
A standard loan is accommodated as a lump sum or by instalments in line with the project schedule. This loan is repaid according to a preliminarily-approved payment schedule.
A line of credit is normally accommodated for the company’s working capital financing within the limit provided. This line of credit is repaid by the company when necessary.
A review of an application takes up to two weeks upon submission of a complete package of documents.
General lending terms:
All loans must be approved by the Bank’s Credit Committee. A loan can be granted only after the loan agreement and other documents have been signed and all conditions precedent have been met. The Bank does not consider funding of speculative transactions.