Overdraft (credit limit in the bank account) for small enterprises

  • It helps to balance enterprise's temporary working capital needs;
  • You can use the overdraft and repay it at any time in any amount within the limit granted;
  • It is covered each time, after receiving income to the bank account on which it is provided – the used loan amount is quickly covered, reducing the interest that needs to be paid.

New enterprises are enterprises started within the last 24 months (i.e. the company does not yet have financial reports for two full years).

Inquire about bank guarantee

Company’s name*
Company’s code*
Name, surname*
Telephone*
E-mail*
Question

When replying to queries submitted in this form, we will be able to provide only general information about bank guarantees. If you have any questions related to financial information of your company, please login to the internet bank or contact us by phone 1633. If calling from abroad, please call +370 5 268 4422.

We will reply to your questions from 8 a.m. to 6 p.m. on business days. If you need urgent information, please call us by phone 1633. If calling from abroad, please call +370 5 268 4422.

About the service

  • Loan amount and term

    • minimum loan amount – 2,000 euros;
    • maximum loan amount:
      • 15,000 euros if the loan is guaranteed by the main shareholder (natural person) and if no additional assets are pledged;
      • 200,000 euros if additional assets are pledged;
    • the loan amount also may not exceed the amount of average sales of two months, calculated of the sales of the last financial year.
    • loan term – 12 months.
  • Loan security

    • by pledging Swedbank account balances (in all cases);
    • by a guarantee of the main shareholder (natural person) or if the loan amount exceeds 15,000 euros – by pledging land and buildings or other immovable and/or movable property.
    • interest shall be calculated from loan use date to its repayment date;
    • interest shall be charged and written off from your bank account each calendar month.
  • Main conditions for receiving the loan

    • the enterprise must have a bank account at Swedbank;
    • enterprise's equity shall be at least 20 percent (taking into account the new loan);
    • the immovable property being pledged must be evaluated by independent appraisers acceptable to the bank;
    • tangible assets being pledged must be insured at an insurance company acceptable to the bank; the insurance coverage should be continuously valid for the entire loan period.
  • Loan repayment and interest

    • the loan shall be repaid at its maturity;
    • a fixed interest rate for the entire loan term or a variable interest rate depending on the changes of the base interest rate may be set;
    • interest shall be calculated from loan use date to its repayment date;
    • interest shall be charged and written off from your bank account each calendar month.

The documents required

After interview with you about financing opportunities, we will ask you to submit:

  • Application form
  • Annual financial reports
  • Guarantor's application

If immovable property is pledged, we will ask you to submit the following:

  • Immovable property evaluation report
  • Movable property/inventory list

Information regarding potential risks

Improper fulfilment of your financial obligations increases your funding costs and can negatively affect your credit history; moreover, if the agreement is terminated due to a material violation on your side, forced debt recovery may be launched and you may lose your ownership right to the pledged property.

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