Šiaulių Bankas offers loans and leasing with Invega portfolio guarantee
After Šiaulių Bankas and Investicijų ir verslo garantijos UAB (Invega) signed two new agreements for portfolio guarantees financed by the European Regional Development Fund, Šiaulių Bankas invites the small and medium-sized enterprises to apply for credits and leasing with the Invega portfolio guarantee.
“We notice that more and more Lithuanian companies are planning to expand their business, to invest and modernize it, so they are actively interested in the financing opportunities offered by the bank. Small and medium-sized businesses often have questions about insufficiency of collateral or other means of repayment security. In such cases, portfolio guarantees can facilitate the access to financing”, says Daiva Šorienė, Deputy Chief Executive Officer of Šiaulių Bankas and Head of Business Development Division.
According to D. Šorienė, financing with portfolio guarantees for small and medium-sized enterprises (SMEs) of the country not only provide more financing possibilities. This measure allows the bank to offer more favourable financing conditions to the business, such as lower interest rates, or in the case of leasing, the possibility to acquire the necessary assets through leasing without an initial payment.
In addition, Šiaulių bankas is provided with a portfolio guarantee, which means that companies will not have to wait for additional Invega’s decision as in the case of individual guarantee.
Credits, credit lines and leasing with the Invega portfolio guarantee are provided to finance the activities related to the establishment, expansion or enhancement of SMEs, for implementation of new projects, accessing new markets or for new activities of already established companies. Through leasing with Invega guarantee, SMEs can acquire new production equipment or installation.
In all these portfolio guarantee financing cases, the SME is guaranteed 80 per cent credit amount. The maximum loan amount is EUR 1 875 000, while for the enterprises operating in the road transport sector it is EUR 937 500. A period of up to 120 months is financed, and in the case of a credit line the period is 36 months.
Šiaulių bankas invites business executives to contact Šiaulių bankas branches for obtaining financing opportunities with portfolio guarantees and credit specialists will provide detailed information and necessary assistance. Call 1813 (of from abroad +370 37 301 337).