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February 09, 2012
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General   /   Corporate Banking   /   Business financing   /   Credit line
CREDIT LINE

Legal and private persons have access to credit resources with a term of up to 3 years and the rights to extend them. A credit line is a continually available source of resources in the amount of a certain limit within the scope of which the borrower receives loans, for example, for the payment of a new party of goods, and repays the loans received, for example, by receiving payments from buyers or the sale of property.

Monthly or quarterly payments for the repayment of the basic amount can be specified within the schedule for the repayment of the credit line (for the reduction of the limit of the credit line) by dividing the basic sum of the credit into equal parts. There is an opportunity to enter into a credit line agreement which does not provide for the gradual reduction of the credit line - in which cases the limit shall remain constant throughout the period during which the agreement is in operation.

Possible security for an investment loan and a loan (credit line) for short-term investments:

  • current fixed assets and those purchased in the future (including means of transport),
  • current liquid assets and those purchased in the future (savings, debtors' debts and shares),
  • enterprise shareholdings,
  • immovable property,

Documents to be submitted:

  • a list of fixed assets, remaining savings and debtors' debts,
  • a valuation of immovable property or means of transport.
  • a purchase agreement for equipment to be purchased, specification and invoices to be paid.
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JSC SMP BANK. Central office Elizabetes str. 57, Riga, LV-1772, Latvia Phone (+371) 67019153 E-mail info@smpbank.lv