decreases bureaucratic burden and increases funding for business

« It is important for business, especially small, vital to get loans for their own development, where they cannot do so due to their risk profile from traditional financial institutions. Therefore, we improve business access to the funding platform by increasing the maximum part of the raspberry loan by increasing the duration of investment loans Eglė Radišauskienė.

Eglė Radišauskienė. Photo by partner

From now on, the maximum share of the loan is increased from 30 to 50 thousand. and the duration of the investment loan is extended from 3 to 5 years. Also, the submission of documents justifying the cost of loan loans will not be required, and the investment will require at least 51 percent. loan amounts.

« The SMV segment has a high potential for growth, but due to the potentially young company age, limited credit history or risky project, the market will face obstacles to attracting funding in the market. The changed raspberry conditions will provide better funding opportunities and ensure greater flexibility. In this way, businesses will be able to implement development plans more quickly and take advantage of the opportunities in the market, ”said Inga Beiliūnienė, Head of the Operational Development Service.

Inga Beiliūnienė. Photo by partner

Loans are provided through a platform for focused funding, which assesses the risk of both the business project and the applicant’s own financing. Companies wishing to use the company are invited to apply to ILTE financing partners – their list is published on the website.

It is important to note that « Raspberry » loans cannot be allocated for financial obligations for refinancing, financial activities or residential real estate projects.

« Raspberry » is one of the alternative financial instruments that allow SMEs to get faster and more flexible in market conditions. 2024. 771 loan agreements were signed with a total amount of nearly $ 7 million. euros. Since the start of the measure in 2018 More than 4,000 loan contracts have been concluded with nearly $ 79 million. euros. Of these, about 31 million. € € – funds, the rest – attracting private investment.