Investment Loans for Business

Financing is provided for investment projects:

For small and medium-sized enterprises, including entrepreneurs (SMEs):

• initial investments;
• initial investments for the creation of new economic activities.

For large enterprises:

• in the Central and Western Lithuania region – initial investments*;
• in the Capital region – investments in new economic activities**.

Project-related working capital expenses may also be financed (up to 49% of the loan value).

* Initial investments – investments in tangible and intangible assets intended for the establishment of a new enterprise, expansion of an existing enterprise, diversification of products or services, or a fundamental change in the production or service delivery process.

** Initial investments for the creation of new economic activity – investments in tangible and intangible assets intended for the establishment of a new enterprise or diversification of activities, where the new activity is not identical or similar to the previously carried-out activity.

• Economic entities that violate sustainable financing principles, conflict with ethical and moral standards, or are contrary to applicable laws and regulations of the Republic of Lithuania and/or the European Union.
• Settlements with entities residing in Russia, Belarus, Crimea annexed by Russia, and in the territories of Donetsk, Luhansk, Kherson, and Zaporizhzhia regions not controlled by the Government of Ukraine, as well as in the Transnistrian region not controlled by the Government of Moldova, and in Abkhazia and South Ossetia, not controlled by the Government of Georgia.
• Entities engaged in financial and insurance activities (EVRK Rev. 2.1 Sections 64–66), except for loans intended for the development of financial technologies by such companies.
• For activities carried out in the primary production of agricultural products, fisheries, or aquaculture sectors. For these activities see Investment Loans for Agriculture and Fisheries.
• Refinancing of project expenses already paid using the borrower’s own funds. An exception applies when financing interim (short-term) financing granted no earlier than 24 months before for a project that has not yet been completed.

Loans are granted when the client:

• operates in Lithuania and is not subject to bankruptcy or restructuring proceedings, and is not being liquidated;;
• is not considered to be in difficulty (this does not apply to SMEs operating for up to 3 years, or very small and small enterprises or entrepreneurs operating for up to 5 years);
• provides all required documents necessary to assess compliance with Know Your Customer (KYC) requirements;
• provides confirmation that efforts were made to obtain financing under normal market conditions but financing was not obtained. SME representatives must
• provide one financing refusal certificate from a financial institution, while large enterprises must provide two certificates from different financial institutions;
• the client’s risk and the risk of non-repayment of the loan are at an acceptable level of risk;
• if the requested loan is €10 million or more, the Do No Significant Harm (DNSH) assessment questionnaire is submitted.

During the application assessment process, the financed project must be recognized as economically justified and financially viable.