Crowdfunding Loans Raspberry
Crowdfunding loans Raspberry (Aviete in Lithuanian language) enable small and medium-sized enterprises to borrow through crowdfunding platforms.
Get a consultation:
|
This is translated information. In case of any discrepancies, the original Lithuanian version shall prevail. |
Who is eligible?
Small and medium-sized enterprises ( SMEs) that comply with the SME status defined in the SME Law in Lithuania.
Loan amount & duration
A share of the state funds intended for the financial instrument “Aviete loans” may reach up to 40% of the loan funds in an ordinary „Aviete loan“, but in may not exceed EUR 50,000. For example, if the amount of the loan you obtain is EUR 60,000, a maximum share of the state fund can be EUR 24,000.
- The total amount of state fund for all valid signed agreement may not exceed EUR 50,000 for the same borrower.
- Interest rate depends on the company's risk, collateral and loan duration.
- Loans for investments are granted for a period not exceeding 5 years, loans for working capital – not exceeding 3 years.
Where to apply
Further information about the conditions and opportunities under the crowdfunding loans Raspberry (Aviete) is available at crowdfunding platforms:
How does it work?
The loans are granted through crowdfunding platforms. Crowdfunding platform operators, which have signed cooperation agreement for the implementation of Crowdfundin loans Raspberry (Aviete), will select those business projects which will be co-funded under the financial instrument. The number of crowdfunding platform operators is not limited, therefore, contracts can be made during all the period of implementation and until all funds of the instrument are used.
Terms
Crowdfunding platforms sign loan agreements with borrowers until the end of the eligibility period specified in the description or until all the funds allocated to the facility are lent.
Each crowdfunding platform operator which has submitted an application and concluded a cooperation agreement with ILTE will have an opportunity to use Aviete funds according to need, for financing the business projects complying with the terms of the financial instrument in the form of loans.
All crowdfunding platform operators operating in the Republic of Lithuania and included into the public list of crowdfunding platform operators are invited to become partners under this instrument. Crowdfunding platform operators can submit applications to become a financial intermediary during the entire implementation period of the financial instrument.
An application to become a financial intermediary of Crowdfunding loans Raspberry (Aviete) is available here (Lithuanian language version). A detailed technical specification of the implementation of this instrument is available here (Lithuanian language version).
Please send an application with annexes and the documents certifying compliance with the requirements laid down in the terms of reference signed with a qualified electronic signature by e-mail: aviete@ilte.lt.