Short term loan is meant for cases when the company needs to make short term investments. With the loan it is possible to purchase larger reserves of goods, launch a new course of activity, purchase fixed assets or cover other extraordinary expenses. Paying loan interest takes place monthly, the credit amount can be repaid as monthly payments or in a full amount at the end of the period.

Loan conditions

• Credit amount starting from 3 500 euros
• Loan maturity: 1 to 24 months

• Interest 8% per year for a loan for up to 12 months to a company with good solvency, with proper capitalization and correct payment behaviour

• Contract conclusion fee 1% from the credit amount, at least 191,73 euros

Collaterals

• As principal collateral we accept a mortgage on an immovable and/or surety of a private person
• As additional collateral we accept a commercial pledge on the assets of the company and/or guarantee of a company, guarantee of KredEx or /and guarantee of Rural Development Foundation.

Applying for a loan

• In order to apply, fill in the loan application, submit necessary documents and our Business Client Administrator will contact you soon

Necessary documents

• Loan application
• Annual report of the last financial year
• Balance and income statement of the current financial year, which are not older than three months
• Information about offered collaterals or valuation report
• Additional documents should be sent to address arilaen@bigbank.ee