Credit Guarantees

The aim of the credit guarantee is to provide access to financial resources to entrepreneurs (registered in Latvia), for business development by receiving loans in situations when their own collateral is insufficient to attract the necessary amount of credit resources and business is considered too risky to receive funding from banks.

Credit guarantee covers up to 80% of the financial service, but one enterprise does not receive more than EUR 1 500 000.

Guarantee is issued by state-owned development finance institution ALTUM.

More information on these incentives can be provided by Investment Promotion Division