Financing

Nordea Bank offers its loans in various currencies and with various terms of repayment. When applying for a loan, the following documents must be presented:

• filled loan application and an economic explanation on the use of the loan;
• decision of the competent authority of the applicant company on the application for the loan and on the mortgage of property;
• quarterly balance and profit statements of the applicant company for the previous 2 business years and explanatory notes on the balance sheets;
• the list of the shareholders of the company;
• business plan: general information on the company, products/services and their market, production, technology, raw materials, management, staff and financial calculations for the business plan;
• information on resources (if required by the bank): document certifying the use of the land, lease contract on the buildings and machinery, delivery contracts on raw material and sale contracts on production;
• information on guarantees:
  the following must be presented for real estate and buildings: value assessment certificates completed by a real estate company and insurance certificates; in the case of the use of a warranty legally acceptable documentation and financial statements about the warrantor are required.

In order to provide an additional security to the loan, it is possible to apply for a guarantee from the foundation of the corresponding field. Foundation KredEx secures business loans in the amount of up to 75%. Find detailed information here. In order to apply for loan security from KredEx, you first have to turn to the bank.

Acceptable insurance companies are If Eesti Kindlustus, Seesam Kindlustus, ERGO Kindlustus