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Financing in cooperation with European Investment Bank

Financing in cooperation with European Investment Bank

at a reduced rate subject to additional requirements:
 

  • for small and medium-sized businesses
  • for investment projects and leasing
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Grow your business with EIB support

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Loan for investments

- No collateral for loans up to €150,000 with ALTUM guarantee
- Financing up to 80 % of the total project cost. Security: mortgage, commercial pledge or guarantee, warranty
- Loan amount from €10,000. Loan repayment within 5 years according to a 10‑year repayment schedule

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Leasing

- For acquisition of cars, commercial vehicles or industrial and agricultural machinery and equipment
- For new or used assets
- Financing up to 90 % of the asset value

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Financing in cooperation with European Investment Bank for small and medium-sized businesses

  • In cooperation with the European Investment Bank (EIB) we support small and medium-sized businesses by providing financing at a reduced interest rate.
  • EIB is the long-term lending institution of the European Union owned by its Member States. The EIB is strengthening its support for Europe’s small and medium-sized businesses by helping this important sector access financing and participating side-by-side with local financial institutions in the financing of investment programs which form part of the objectives of the European Union. Extensive information related to the EIB support can be found on the EIB website.
Such support is limited in time and quantity, and we may terminate and refuse to make any further offers of such financing at any time as soon as the term of the program expires or financing limits are reached.

25 bps reduced interest rate* for investment projects and leasing – for the purchase of low emission vehicles, machinery and equipment

Up to 44 bps lower interest rate* for zero emission or low emission vehicles leasing

Financing from €10 000 up to € 12.5 million, while total project costs are up to € 25 million

Applicable subject to additional requirements and conditions

*From standard applied interest rate

  • Companies operating and projects implemented in the Baltic countries;
  • Companies with less than 3,000 employees (including employees working in related companies), as is calculated following the European Commission Recommendation 2003/361/EC concerning the definition of micro, small and medium-size enterprises;
  • Self-employed persons registered in business registries and bearing VAT code.

  • Companies included in EIB exclusion list;
  • Companies involved in projects that are unacceptable in climate and environmental terms;
  • Companies engaged in below indicated activities/industries or projects related to:
    - high polluting industries,
    - gambling,
    - tobacco-related activities,
    - production of weapons and ammunition, explosives, equipment or infrastructures specifically designed for military use,
    - activities that result in limiting people’s rights and freedom, or violation of human rights, i.e.: prisons, detention centres, police and border and coast guard activities,
    - activities resulting in harmful or exploitative forms of forced labour,
    - activities considered ethically or morally controversial (such as: sex trade, animal testing, research on human cloning),
    - real estate activities with some exceptions,
    - pure financial transactions which do not lead to additional capital expenditures or operational activity of the company (e.g. refinancing of existing loans, financing mergers & acquisitions),
    - and other activities.

  • Purchase, renovation or extension of tangible assets (without VAT), including the development and planning during the construction phase, 
  • Financing acquisition of land which is technically essential for the investments for up to 10% of total Project costs (except for the purchase of farmland, which is always excluded).

Assessment of the company’s and the project’s financial, environmental and technical soundness following general Luminor’s financing requirements and practices as well as eligibility for the financing in cooperation with EIB is performed on an individual basis.

Financing in cooperation with European Investment Bank

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In case a loan or leasing in cooperation with EIB is granted, the company shall be subject to additional conditions such as:

  • The company shall comply in all respects with EU and national laws and regulations, including concerning the protection of the environment, health, social well‑being, and safety;
  • The company shall maintain, repair, overhaul and renew, as well as properly insure all property forming part of the project as required to keep it in good working order;
  • The company shall carry out works and purchase services or goods for the project in a way that respects the criteria of economy and efficiency;
  • Upon reasonable notice, the company shall permit the EIB representatives to visit and inspect all sites, installations, and works that comprise the project which is the subject of the financing;
  • We may provide any information about the company and the project to the EIB;
  • And other conditions.