Alternative financing company UAB BnP Finance has signed the agreement with UAB Investicijų ir verslo garantijos (Invega). The company’s brand Fino.lt starts with two Invega projects with a total lending of 20 mln. Eur.
According to Markas Krasovskis, Head of BnP Finance, financial support for a small and medium-sized companies is currently vital. When BnP Finance noticed that Invega has launched projects to help businesses affected by COVID-19, the company decided to join and support Lithuanian businesses.
The first Fino.lt loan project with Invega is “Loans to the most affected businesses by COVID-19”. The project provides loans without any loan collateral up to 1 million. Eur. One of the biggest advantages of this project is the fixed interest rate, which reaches 0.1% for loans up to 12 months and 0.19% from 13 months up to 36 months of the borrowing amount. BnP Finance also do not apply any loan security measures and the loan repayment period is postponing for 6 months. The loan application can be submitted until July 31.
Fino.lt second project with Invega is “Alternative”. The project is designed to provide companies with the opportunity to receive a loan of up to 200.000 Eur. The loan term is up to 24 months, interest rate is from 7%. The loan application can be submitted until December 31. Also, in cooperation with BnP Finance, companies will have possibility to get back up to 95% of paid interest. In order to get compensation, business should apply to Invega after loan issuance.
Fino.lt suggest to find a way to improve companies financial situation. Both Invega projects offer access to loans on very good terms. 10 years in credits and 5 years at business credits market has allowed BnP Finance to create perfect loan lending processes, which can guarantee customers a quick response and loan issuance time.