The intended purpose of the working capital loan is to finance working capital needed to overcome the temporary difficulties of an entrepreneur caused by the outbreak of COVID-19.

Main conditions:

  • Loan amount of up to 10 million euros and term of up to 24 months
  • The loan interest is 12-month EURIBOR + 2% per annum and a contract fee of 0.5% of the loan amount.
  • A loan of up to 500 000 euros shall have collateral with an expected result of realisation of at least 10% of the loan amount; for a bigger loan, the expected result of realising the guarantee must be at least 50% of the loan amount.
  • The business register shall be accompanied by the annual report ending in 2019 and any other required information.
  • The enterprise started its business in 2017 at the latest and, as of 31.12.2019, it was not a firm in difficulty.
  • The equity ratio of the enterprise is at least 30% of the balance sheet, the loan liabilities and EBITDA ratio is less than 7 (less than 10 for a loan applicant in the accommodation sector) and the loan and equity ratio is less than 2.
  • The enterprise does not have valid payment problems and overdue debts to credit and financial institutions.

Extraordinary working capital loan conditions 

Loan application (in Estonian)

Erakorralise käibekapitalilaenu taotlus


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