For whom is technology loan designed?
Technology loan is designed for export-oriented enterprises in the areas of processing industry, mining industry, production, transfer and distribution of electrical energy and waste processing and disposal, investing into machines and devices.
Technology loan helps if a bank loan or leasing is used for an investment, but the entrepreneur lacks the required capital for self-financing. Similarly to the owner of the enterprise, KredEx gives capital as a subordinated debt to the disposal of an entrepreneur, which in the eyes of other financers increases the self-financing of the enterprise. That makes it possible to receive additional leasing or bank loan an thus helps the company to grow quicker. KredEx does not interfere in the management of the enterprise having received a loan.
What are the main requirements to an applicant?
How to apply for the technology loan?
To apply for the technology loan, firstly it is necessary to contact a bank or leasing company to obtain a decision regarding the issuing of a bank loan or leasing.
In the event of a positive decision of the bank or leasing company, an application for the Technology Loan shall be completed, enclosing:
Technology loan is issued by the following banks: Eesti Krediidipank, LHV Bank, Nordea Bank, SEB Liising, Swedbank, Swedbank Liising, Nordea Finance Estonia, DNB Liising, UniCredit Bank, Estonian Affiliate of SIA UniCredit Leasing.
Technology loan issued within the subordinated loan programme is financed from the European Regional Development Fund in years 2011 to 2015.
In matters regarding technology loan, please contact our client managers: