For whom is loan guarantee designed?
A business loan guarantee is designed for a company requiring financing of its operations by a bank or leasing.
Loan guarantee helps, if a company wishes to use a bank loan, leasing or bank guarantee, but lacks sufficient guarantees or operating history.
What are the main requirements to an applicant?
How to apply for the loan guarantee?
In order to use loan guarantee one should contact a bank or leasing company. They will submit a relevant guarantee application to KredEx. Depending on the guarantee amount and complexity of the project, the guarantee decision takes up to four weeks.
NB! The services offered by KredEx may include state aid, including de minimis aid.
The business loan is financed from the European Regional Fund.
Loans and leases issued by banks and leasing companies are guaranteed by KredEx partially in cooperation with the Competitiveness and Innovation Framework Programme and European Investment Fund with the support of the European programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME).
Please read the loan guarantee terms and consult our customer account managers if necessary.