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Micro loan

Loan for the growth of a microenterprise or the next leap in its development

  • From € 5000 to € 25,000
  • Self-financing 0%
  • No collateral required
  • Interest from 6% + Euribor
Apply for a micro loan

Calculate the monthly instalment

%

The result is approximate and may differ from the terms and conditions offered to you.

Application process

1.

Complete an application
Complete a micro loan application.

2.

Submit documents
Please send the following documents to the address mikrolaen@lhv.ee last year’s annual report, balance sheet and income statement (not older than 6 months).

3.

Loan decision
You will be notified of the loan decision within five business days after submitting the documents.

4.

Conclude the agreement
Sign the loan and surety agreement digitally. The loan amount will be transferred into the company’s account.

Price list and terms and conditions

For whom

Micro enterprise in its growth phase

Intended purpose

For the development of business, for example, purchasing equipment or machinery, obtaining working capital or making other small investments

Loan amount

EUR 5000 to 25,000

Self-financing

Not required

Period

1 to 5 years

Interest

from 6% + Euribor

Agreement fee

1.5% of the loan amount, no more than EUR 300

Collateral

Guarantee for a private individual or legal person

Requirements for the borrower
  • Private or public limited company registered and operating in Estonia
  • Up to 9 employees (incl.)
  • Turnover and/or balance sheet total of up to EUR 2 million per annum
  • No insolvency proceedings have been initiated concerning the company.
  • The company, the parties connected to it and the guarantor have had no payment or tax arrears in the past two years.

Take a look at the terms and conditions and, if needed, request advice from our expert by calling 684 6118 or e-mailing to mikrolaen@lhv.ee.

The European Investment Fund guarantee

Micro loan collateral is funded by the European Union under its Employment and Social Innovation Programme (EaSI).

  • Promote the availability of funding for vulnerable segments of the population wishing to set up or develop their own company.
  • Assist micro enterprises whose collateral is of insufficient value to be able to take out a regular loan.
  • Simplify financing solutions for developing companies.

Company (private or public limited company) registered and operating in Estonia, owned by:

  • persons wishing to develop their micro enterprises;
  • persons who have lost or are at risk of losing their jobs, who have been away from the labour market and are experiencing difficulty re-entering the labour market as a result, and who have set up micro enterprises;
  • persons at risk of or subject to social exclusion or having difficulty getting a regular loan since they are considered too young or too old, or if they have a physical disability;
  • persons concerning whom no insolvency proceedings have been initiated.

EThe EIF guarantee does not apply when the company operates in a prohibited area of activity.

Contact

Raine Remmelg

Business Loan Product Manager

684 6118

684 6118

raine.remmelg@lhv.ee
Documents and additional information