A guarantee for enterprises for the financing of development and innovation
- Loans in the range of €250,000 to €7,500,000 are guaranteed
- The guarantee covers 50% of the loan sum
- Loan period of 1–10 years
- Loan contracts are supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizon 2020 financial instruments
Purpose of the guarantee
The purpose of the guarantee is to encourage credit institutions to grant loans with the support of the European Union to enterprisers with up to 500 employees who need capital for the funding of research, development and innovation.
The agreement enables LHV Pank to issue loans in the amount of €40 million until 31 March 2018, to innovative Estonian enterprises with the support of the guarantee
The guarantee can be applied for by enterprises who:
invest into the production and development of innovative products, services or procedures;
are growing rapidly, so that their number of employees or turnover has grown at least 20% in the past three years;
have great innovation potential or are research- and development-intensive enterprises.
LHV Pank is the first and only credit institution in Estonia that the European Investment Fund (EIF) has chosen as an intermediary for the InnovFin guarantee.
Price list and terms and conditions
|Extent of the guarantee|
|Fee for the guarantee|
|Requirements for the recipient of the guarantee|
|The eligibility criteria of the financing of innovation|
The company must correspond to at least one of the following criteria: