Savings
Daily banking
Other services
"Urbo" is a new bank name
Guaranteed financing
Open Credit Fund 3 (OCF3) is an incentive financial instrument by INVEGA to promote business growth and investment by facilitating access to finance for businesses.
The Open Credit Fund 3 (OCF3) is open to businesses of all sizes and entrepreneurs.
- Share
Maximum loan amount up to EUR 1,000,000.
Types and terms of funding:
- Loans for investments for up to 120 months;
- Leasing/ inverse leasing for up to 84 months;
- Line of credit and working capital loan for up to 36 months.
- Share
INVEGA portfolio guarantees for loans is an instrument aimed at facilitating access to funding for small and medium size enterprises when being unable to provide a collateral that is attractive or sufficient to a financial institution. The guarantee applies to loans that the bank includes in its loan portfolio.
The INVEGA Portfolio Guarantee is available to small and medium size enterprises operating in the Republic of Lithuania.
- Share
Maximum loan amount up to EUR 1,875,000 however:
- For road freight companies, the maximum loan amount is up to EUR 937,500;
- For companies active in the primary production of agricultural products, the maximum loan amount is up to EUR 234,375;
- For companies engaged in fisheries and aquaculture activities, the maximum loan amount is up to 281,250.
Guaranteed loans are used to finance investments and working capital.
Types and terms of funding:
- Loans for investments for up to 120 months;
- Leasing/ inverse leasing for up to 84 months;
- Line of credit and working capital loan for up to 36 months.
Small and medium-sized enterprise (SME) may receive several loans up to the amount of de minimis aid granted to a single enterprise.
- Share
Individual guarantees for loans, provided by INVEGA, offer solutions to insufficient conditions and facilitate the access to the funding sources.
The INVEGA individual guarantee for loans is available to business start-ups, small and medium-sized enterprises and large companies.
- Share
Individual guarantees are provided for loans for:
- The purchase, construction, repair or reconstruction of fixed assets;
- Technology transfer through the acquisition of patents, licences or other non-patentable technical knowledge;
- Working capital in the form of a short-term loan or line of credit;
- To refinance investments paid for with company funds.
Maximum amounts for individual guarantees for loans:
- Individual guarantees for loans are limited to a maximum of EUR 5 million for small and medium-sized enterprises (EUR 750,000 for road freight activities carried out or intended to be carried out for hire or reward). If several guarantees are received, the sum of the guarantee balances must not exceed EUR 10,000,000.
- Individual guarantees for loans are limited to a maximum of EUR 1.5 million for large enterprises (EUR 750,000 for road freight activities carried out or intended to be carried out for hire or reward). If several guarantees are received, the sum of the guarantee balances must not exceed EUR 10,000,000.
- Leasing is EUR 1.5 million (EUR 750,000 for a lessee that has been operating for less than 3 years on the date of submission of the application for a leasing guarantee to INVEGA)
- INVEGA guarantees the repayment to the Bank of the first instalment of the loan up to 80% of the loan amount.
- Share
The Land Guarantee Fund is a financial institution that provides guarantees to credit institutions against loans issued for:
- Agricultural businesses;
- Undertakings engaged in alternative activities in a village or town with a population of no more than 6,000 inhabitants and whose agricultural holding is registered in the Register of Agriculture and Rural Business of the Republic of Lithuania;
- Businesses that buy and/or process and/or sell agricultural products;
- Lithuanian Agricultural and Food Market Regulatory Authority;
- Businesses involved in fisheries activities;
- Rural communities and local action groups;
- Research and study institutions and vocational training establishments with experimental, demonstration, training or test farms implementing investment projects financed by European Union support funds.
- Share
Repayment of up to 80% of the outstanding amount of the loan and/or line of credit and/or payment of 60% of the bank’s share of the unrecovered cost of the leased asset is guaranteed.
Guarantees are available for:
- Loans to finance investment projects;
- Loans or lines of credit for the acquisition of short-term assets;
- Leases for the purchase of new (unused) production plant and equipment, process lines and agricultural and forestry machinery.
The duration of the guarantee is unlimited, depending on the term of the loan or lease being guaranteed.
- Share