СОДЕРЖАНИЕ
Holm Bank's Renewable Credit Line: A Flexible Financing Solution for Businesses in 2025
Holm Bank introduces a renewable credit line for businesses, offering a flexible financing solution tailored to meet short-term working capital needs. With a minimum credit limit of €25,000 and a term of up to 12 months, this service provides companies with the agility to manage cash flow efficiently without the requirement of self-financing.
Key Features of the Credit Line
- Credit Amount: From €25,000
- Term: Up to 12 months
- Self-Financing: Not required
- Flexibility: Unlimited withdrawals and repayments within the credit limit throughout the year
- Unused Credit Fee: 3% per annum on the unused amount
- Contract Fee: From 1% of the credit amount, minimum €250
- Interest Rate: Determined individually based on amount, term, and collateral
Collateral Requirements
Holm Bank accepts various forms of collateral to secure the credit line:
- Real estate located in Estonia
- Guarantees from KredEx or Enterprise Estonia (EAS)
- Corporate guarantees from one or more entities
- A combination of the above
Borrower Eligibility and Documentation
To qualify for the credit line, businesses must meet the following criteria:
- Legal Form: Registered Estonian private limited company (OÜ) or public limited company (AS)
- Financial Status: Not undergoing liquidation or bankruptcy proceedings
Required documentation includes:
- Constitutional documents (e.g., Articles of Association)
- Financial statements
- Bank account statements
- Tax declarations
Identity Verification
For contributions or loans exceeding €15,000, Holm Bank requires identity verification of owners or authorized persons through Veriff's video authentication. Applicants will need a device with a camera and a valid identification document.
Application Process
- Online Submission: Apply via the Holm Bank self-service portal.
- Application Form: Complete the online questionnaire and upload required documents.
- Identity Verification: Conduct video verification if necessary.
- Review: A specialist reviews the application and provides a tailored offer.
- Contract Signing: Sign the agreement electronically.
Special Conditions
- The credit line is renewable; funds become available again as you repay.
- Interest rates and conditions may be adjusted upon renewal based on negotiations.
- You can terminate the service at any time by repaying the outstanding balance and closing the credit line.
Individual Interest Rates
Holm Bank calculates interest rates individually, considering the borrower's creditworthiness and the provided collateral. Businesses are encouraged to contact the bank directly to receive a personalized offer.
