Portfolio guarantees 3
Facilitates access to financing for small and medium-sized businesses when they face the issue of providing collateral that is unattractive or insufficient for financial institutions.
It is a translation. Due to possible different interpretations because of differences in the languages, the Lithuanian approved legal act should be applied.
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This is translated information. In case of any discrepancies, the original Lithuanian version shall prevail. |
Who is eligible?
Representatives of small and medium-sized businesses (SMEs).
What forms of financing are guaranteed?
- Credit lines
- Loans
- Financial leasing (leasing) agreements
Duration of guaranteed financing
Maximum durations of forms of financing with portfolio guarantee:
- investment loans and financial leases (leasing) - 10 years;
- for working capital loans - 5 years;
- financing in the form of a credit line - 3 years.
Guarantee amount
The portfolio guarantee guarantees the repayment of 80% of the financing amount to the financing partner. This amount applies to each transaction included in the financing partner's portfolio, but the total amount of ILTE disbursements may not exceed the cap on disbursements.
The guarantee applies to a loan or lease transaction amounting to a maximum of EUR 2 812 500.
In the case of undertakings active in the primary production of agricultural products, the maximum amount is EUR 234 375.
For enterprises active in the primary production of fisheries and aquaculture products, up to a maximum of EUR 375 000.
Where to apply?
ILTE is contacted by the funding partner that has a contract with ILTE.