Financial Services, Lithuania, Markets and Companies

Small companies will be able to obtain a credit for financing business investments and circulating funds under especially favourable crediting conditions – interest margin from 1.7%, the account servicing benefits and other privileges, e.g. an opportunity to prolong the loan term, to receive a quick response regarding the loan issuance, and consultations from the bank's employees, writes ELTA.

According to Snoras, small business development is frequently suspended by the lack of funds for implementing new ideas. Due to the shortage of finances, small enterprises cannot expand their activity and thereby they forfeit the opportunity to strengthen the competitive positions on the market. Considering the fact that Snoras is ready to assist small businessmen who plan to consistently develop their business – the small business financing programme will allow financing both the long-term development plans of the company and short-term demands.

Until September 30 this year, small businessmen taking a loan will be provided with an attractive interest rate, they will not have to pay the loan issuance fee, exclusive servicing tariffs will be valid till the end of the year – free local money transfers in LTL at Snoras bank and to other banks registered in Lithuania, free administration of the funds in LTL transferred from other Lithuania’s banks.

The response concerning the issuance of a loan up to LTL 300,000 for small business representatives will be given by the bank no later than within 2 business days from submitting of the documents.