Guarantees for Financial Lease (Leasing)
Economic operators applying for funding for business development or business continuity often encounter collateral-related issues: the collateral offered can be insufficient or unattractive. The individual guarantee service helps to resolve these issues by securing repayment of a certain part of the borrowed funds in the event of the borrower‘s default.
Individual guarantees help businesses in cases of insufficient or unattractive collateral and enable them to obtain more favourable terms of financing. Such guarantees can be provided for financial lease (leasing) services intended for the purchased of production equipment and installations and agricultural and forestry machinery.
Financial lease (leasing) guarantees are provided to financial institutions for the leasing services provided to economic operators whose activities are related to agriculture, forestry, food sector, rural development or fisheries. The economic operator must have registered an agricultural holding (except for those engaged in fisheries).
It is a translation. Due to possible different interpretations because of differences in the languages, the Lithuanian approved legal act should be applied.
Who can apply
Operators active in agriculture, agricultural production and processing, forestry, rural development, aquaculture and fisheries.
What kind of financing is guaranteed?
The guarantee is granted for financial leasing services for the financing of commercially viable and creditworthy projects, which are granted to economic operators without financial difficulties:
- the acquisition of production equipment, machinery;
- the purchase of agricultural and forestry machinery.
Duration of guaranteed financing
Unlimited.
Amount of the guarantee
The percentage of the guarantee is up to 80%.
The maximum share of the cost of the leased asset is EUR 1,16 million. The maximum total amount of leasing guarantees per economic operator is EUR 1,16 million.
Where to apply?
To benefit from the guarantee, please first contact our financing partner to arrange the financing for which the ILTE guarantee could be used.
List of our financing partners
You do not need to apply to ILTE for a guarantee - our funding partner does.