Overdraft

Overdraft is designed to meet the liquidity needs and balance irregular cash flow.

  • The client can pay for minor unexpected expenses;
  • The client can react flexibly to lesser sales growth;
  • The client can use the funds at his/her own discretion;
  • The overdraft is suitable for bridge financing of projects assisted by the Structural Funds of the European Union.

Minimum limit is 2000EUR

Financed period: up to 1 year

Disbursement of the credit amount

During the term of validity of an overdraft agreement, the client can make credit payments remaining within the fixed credit limit from and to his/her settlement account at any time;
If the funds repaid by the client exceed his/her liabilities to the bank set forth in an overdraft agreement, the overdraft account shall be treated as a settlement account.

Overdraft Benefits

  • The client can pay for minor unexpected expenses;
  • The client can react flexibly to lesser sales growth;
  • The client can use the funds at his/her own discretion;
  • The overdraft is suitable for bridge financing of projects assisted by the Structural Funds of the European Union.

Collateral

  • Property collateral, surety or warranty
  • Commercial pledge on fixed assets or other movables as supplementary collateral
  • It is possible to apply for supplementary collateral from Rural Development Foundation or KredEx.
  • Real Estate Evaluators accepted by Swedbank to value properties.

In order to obtain a loan please contact