INVEGA’s individual guarantee helps companies to obtain an investment or working capital loan for business development, when the company itself does not have sufficient collateral.
INVEGA guarantee is intended for SMEs and large companies.
What do I need to know about the INVEGA guarantee?
Guarantee can be up to 80% of the total loan amount and not greater than:
- For SMEs up to EUR 5 million
- For large companies up to EUR 1,5 million
- Where road haulage activities are carried out or intended to be carried out for hire or reward up to EUR 750,000
If several guarantees are received, the sum of the balances of the guarantees must not exceed EUR 10 000 000.
Partial interest reimbursement is available for loans backed by INVEGA guarantees.
INVEGA decides on the granting of a guarantee on a case-by-case basis. Once the Bank has taken a decision to grant financing, the Bank submits the request for an individual guarantee to INVEGA – you do not need to do anything.
You can find out more about the individual guarantee on INVEGA’s website: Individual guarantees for loans and Individual guarantees for large companies.
What is the European Investment Fund (EIF) and what does it offer?
The European Investment Fund (EIF) is the main implementing partner of the InvestEU Fund, providing support to small and medium-sized enterprises (SMEs), financing the Green Deal and strengthening SME competitiveness.
EIF guarantees are provided under 2 programmes:
- Guarantee intensity – from 30% to 70% of the loan balance
- Maximum guarantee amount for sustainability loans – EUR 20 million
- Available forms of loan – investment or working capital loan, credit line
- Minimum loan amount – EUR 50,000, maximum – EUR 7,500,000
- loan or credit line
Purpose of the loan:
Investment in fixed assets, development and/or renovation of commercial real estate, renovation of residential real estate
Who can apply:
All companies registered in Lithuania that meet the InvestEU eligibility criteria.
- Guarantee intensity – from 30% to 70% of the loan balance
- Maximum guarantee amount for subordinate loans – EUR 10 million
- Available forms of loan – investment or working capital loan
- Minimum loan amount – EUR 50,000, maximum – EUR 7,500,000
- Loan term ranges from 3 to 12 years
Purpose of the loan:
The loan is intended to strengthen capital and/or solve solvency problems (to refinance existing financial obligations, to pay suppliers and/or other creditors) and/or to improve the investment potential of the company when the borrower is facing solvency problems or is likely to face solvency problems in the future.
Loan repayment at the end of the term.
Who can apply:
Companies registered in Lithuania that meet the InvestEU eligibility criteria:
- established no later than 31 December 2019 (inclusive);
- whose sales revenues in 2020 or 2021 decrease by more than 5% compared to the previous financial year.
The term of the EIF guarantees is until 12.10.2024