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Overdraft

Accelerate your business with flexible credit limit

  • Overdraft helps to balance the company’s working capital needs.
  • Possibility to use and repay at any time within the limit.
  • Possibility to get a loan without any collaterial.
Apply

Information regarding potential risks
Improper fulfilment of your financial obligations may negatively affect your credit history, increase the price of credit, and if the agreement is terminated due to material breach on your side, you may lose any payments already made, as well as the any rights to the financed property.

  • Overdraft is suitable for balancing uneven cash flows caused by payment deadlines and daily expenses.
  • Could be perfect for one-off purchases you know you can repay quickly.
  • Credit limit is constantly available in your company’s account.
  • Incoming turnover will cover the used limit and will reduce the interest cost.
  • Limit from 2000 € up to 50% of the company’s average monthly net turnover of the last six months.
  • Term up to 12 months.
  • Annual interest rate is determined individually for each company.
  • Interest and commitment fee will be debited from the customer’s current account in Swedbank in the end of the month.

As a precondition to applying for the financing, the corporate customer must have been carrying out business activities for at least 12 months and submit statements for at least one financial year.

  • Pledge of account balances in Swedbank (in all cases).
  • Sureties and guarantees.
  • Pledge of land and buildings, other movable or immovable property.
  1. Fill out the application in the Internet Bank. We will contact you within 2 business days.
  2. Sign the overdraft agreement digitally or in Swedbank branch.
  3. Congratulations! After signing the agreement and registering the collateral, if it is needed, the credit limit is transferred to your company’s account.
We can ask for the annual financial report (not older than 12 months) if it has not been submitted to the Center of Registers.
In case of property collateral needed we ask a valuation report from a real estate agency accepted by the bank.

You’ll get an individual financing eligibility score for your company and an extensive list of elements that make up the score.

This calculation is available for small companies. If the financing eligibility score is not shown for your company, book a consultation to meet with us or contact your manager.

See your company‘s score

Get familiar with the measures used to create the score, learn about the criteria that are important and get to know how to improve your score if needed.

If your financing eligibility score is appropriate, apply for a loan. If it is lower, find out how to improve your score.

Financials

Your company’s loan eligibility is based on your latest financial statement, so be sure to do your accounting properly and keep the financial statements up- to- date.

Up-to-date annual financial statements are instrumental in the loan application process.

Your equity is:   Eur.

Equity ratio is:  %.

The more of a company’s equity are financed by lenders, the higher the credit risk related to the company. To be in the safe zone, the value of assets financed by the owners should be at least at a moderate level and not negative.

EBITDA   Eur.

The company‘s ability to be profitable is an important criterion for the evaluation of the company‘s creditworthiness. In order to properly assess the opportunities for financing your company we will focus on your EBITDA (earnings before interest, tax, depreciation and amortisation). Also, please note that we evaluate the history of several financial periods and their dynamics.

The company‘s EBITDA must be sufficient to cover both existing and potential additional liabilities (debt). Thus, for the purposes of a financing application, we calculate the ratio between the company‘s existing and potential additional liabilities (debt) and EBITDA. The ratio should be on a safe level, i. e. not exceeding 3.5.

To be eligible for financing, a company must have a sufficient level of turnover or a future project with good turnover potential. A sustainable pace of turnover growth is one sign of a financially healthy company.

Credit history

Your company’s credit history is one of the most important factors in determining your loan eligibility. Normally, this means reviewing the payment history of your company and other related legal and/or natural persons, who participate in company‘s activities. You can find more information about the personal data processing in the Swedbank approved Principles of Processing Personal Data.

Timely payments of existing and past loans held by your company in Swedbank is one of the key elements for financial eligibility of the company.

The status of payment discipline at your company and its group members in respect to third parties helps us understand whether your company is a responsible partner.

Relationship with bank

Please let us know if you have recently changed the name of your company, its ownership or area of business. Make sure to complete and update your anti-money laundering (AML) questionnaire, as this is an essential part of financing applications.

A completed and up-to-date questionnaire is a prerequisite for applying for a loan from Swedbank.

A sustainable and long-term relationship with the bank creates beneficial conditions when applying for financing.

Blocked accounts can be a clear indication that a company is experiencing difficulties.

The longer your business has been operating, the more trust we will have in it.

Loans for business

Loan (investment loan, working capital loan, overdraft (credit on bank account), credit line, guarantee limit, and other loans for corporate customers, except loans mentioned below as well as loans subject to separate fees approved).

Service or transaction Fee, EUR
Fee for concluding (managing) the loan agreement 0.4–1.5 % of the amount of the loan (min EUR 120)
Fee for increasing the amount of the loan 0.4–1.5 % of the amount of the loan to be increased (min EUR 120)
Fee for revising interest, extending the loan, revising the schedule of repayment of the loan (not applicable to guarantee limit) 0.4–1.5 % of the amount of the loan (min EUR 120)
Fee for revising other terms and conditions of the loan EUR 80
Commitment fee 0.26–4.71 % of the unused amount of the loan
Commitment fee (applicable to uncommitted credit line and uncommitted overdraft) 0.2 %
Issuance of permits / consents EUR 20

Investment loan for apartment house renovation (Apartment Owners Association)

Service or transaction Fee, EUR
Fee for concluding (managing) the loan agreement 0.7 % of the amount of the loan
Fee for increasing the amount of the loan 0.7 % of the amount of the loan to be increased
Fee for extending the loan 0.5 % of the outstanding balance of the loan
Fee for revising other terms and conditions of the loan EUR 60
Fee for repaying the loan before term provided in the agreement N/A
Issuance of permits / consents EUR 20

Notes:
1. Final charge on a case-by-case basis is determined by a competent loan committee or persons having respective individual expertise.
2. These fees also apply to granting loans to natural persons, if such loans are granted for business financing purposes.

Contracts entered into between the European Investment Fund (EIF) and Swedbank enable us to provide loans and leasing services to micro, small and medium-sized enterprises in Estonia, Latvia, and Lithuania. The EIF aims at helping to finance and carry out investments in the European Union and ensuring greater access to capital. The guarantee programmes also help financing necessary investments if an enterprise does not have sufficient collateral.

EaSI guarantee

The objective of this program is to increase access to finance for micro-enterprises by offering additional guarantee from the EIF.

Requirements for using the EaSI guarantee:

  • Fixed assets and working capital are financed.
  • The maximum amount to be financed is 25 000 €.
  • The company has up to 9 employees.
  • Annual turnover is up to 2 million € or the balance sheet total is up to 2 million €.
  • The guarantee is free of charge.

The supported financing benefits from the support of the European Union under the Guarantee Facility established under Regulation (EU) No 1296/2013 of the European Parliament and the Council establishing a Union Programme for Employment and Social Innovation (“EASI”) and the European Fund for Strategic Investment (“EFSI”) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing. Additional information on EFSI can be found on the information page provided by the European Commission (https://ec.europa.eu/priorities/jobs-growth-and-investment/investment-plan_en) and on Twitter (#investEU).

To find out which financing option would work best for your company, sign up for a consultation!

The card will be useful when you are in need for extra funds that can also be used to make payments and pay bills.

Cash against invoice - funding which is perfect in situations when you need to quickly increase the company’s working capital for goods or services sold while waiting for payment.

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