Green microloan for businesses
Borrow up to EUR 50,000 for business solar panels or electric-car charging stations, without a collateral pledge but with ALTUM and owner guarantees.
Beskrivningen av den här finansieringen finns för närvarande på engelska.
Use the loan to purchase solar panels or purchase electric-car charging stations for customers and employees. The loan term is up to seven years. Interest starts at 3.5% plus three-month EURIBOR, the variable benchmark added to the bank’s interest margin. The ALTUM guarantee protects the lender; your company and its guarantors still owe the full loan and associated payments.
The loan processing fee is 1% of the loan amount, with a EUR 150 minimum. The one-time guarantee premium is 0.8% of the guaranteed amount for terms up to two years, or 1.42% for longer terms. The published price list also charges 0.5% on unused approved funds and 2% of the amount repaid early, with a EUR 100 minimum for early repayment.
If your company cannot obtain an ALTUM guarantee, SEB may offer a microloan starting at 8% plus three-month EURIBOR.
Eligibility
For the ALTUM-guaranteed route, your company must be a legal entity registered in Latvia and qualify as a small or medium-sized enterprise under Cabinet Regulation No. 776. The SME declaration uses staff numbers, turnover and balance-sheet totals, including relevant partner and linked companies.
Your company must have room under the de minimis state-aid limit: generally EUR 300,000 from one member state over a rolling three-year period for a single undertaking. This is a limit on qualifying state aid, rather than the loan amount. A “single undertaking” combines companies where one has majority voting rights in another, can appoint or remove a majority of another’s governing body, or can exercise dominant influence under a contract or company rules. It also includes a shareholder or member company that alone controls a majority of voting rights through an agreement with the other shareholders or members. Indirect links through other companies count too. Your business activity must also fall outside ALTUM’s prohibited industries. Excluded activities include finance and insurance, gambling and betting, tobacco production and trade, and trade in weapons, ammunition or alcohol. SEB must check your activity against the applicable ALTUM exclusion list.
How to apply
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Use “Submit application” on SEB’s green microloan page and select whether you already have a SEB business account. Submit the completed loan application, your latest annual report with balance-sheet and profit-or-loss details, an investment-project description, the SME declaration and the de minimis form.