Credit line

A line of credit is a type of short-term loan that provides customer with a right to access the line of credit as needed:

• i.e. to repay to the bank all or part of the amount of the line of credit used and to draw again all or part of the amount of the line of credit, up to the maximum limit of the line of credit set in the credit agreement.
• The line of credit is used to finance working capital shortages, as well as to provide guarantees and issue documentary letters of credit.

The line of credit is available for up to 3 years.

• The line of credit may be repaid at the end of the term or an individual reduction schedule may be set for each customer.
• Credit repayment may be secured against real property or other property, or by providing guarantees of Investicijų ir verslo garantijos UAB (INVEGA) (the real or personal property to be pledged must be appraised by independent property valuers.

If you are not satisfied with the terms of your existing loan at another financial institution, take advantage of the refinancing option at our bank:

• Get more favourable terms and save your company money;
• Reschedule the repayment of your loan to fit your company’s current cash flow;
• Extend the repayment term or postpone the payments;
• When borrowing, maximise the value of the collateral by obtaining a larger loan amount;
• Remove any restrictions or additional requirements imposed by your current creditor;
• Consolidate several different loans into one, making it easier for you to manage your existing loan agreements.

The valuation of the collateral is carried out by independent partners of Urbo Bankas.