Business loan for companies in Latvia

A business loan is financing issued by a financial institution to a company for specific business purposes. It may be used to top up working capital, purchase equipment, develop real estate or refinance existing liabilities.

Learn how to get a business loan

What is a business loan

In Latvia, business loans are offered by commercial banks, non-bank lenders and specialised platforms. Terms, amounts and tenors can vary significantly depending on the lender and the company profile.

How companies in Latvia secure financing

Securing financing usually starts with defining the company's needs and preparing financial documents. The application is then submitted to one or more financial institutions.

1
Define the purpose and amount of financing
2
Prepare financial documents (annual reports, balance sheet, cash flow)
3
Submit the application to financial institutions
4
Compare offers and align terms
5
Sign the contract and receive financing

Types of financing

Bank financing

Commercial banks offer the lowest interest rates but set the highest requirements. Typical bank review time is 1–3 months. Banks assess financial history, profit, cash flow and collateral.

Non-bank (alternative) financing

Non-bank lenders and platforms offer more flexible terms and faster decisions – often within 2–5 business days. Interest rates are typically higher than in banks, but accessibility is broader, especially for younger companies or higher-risk projects.

Securing financing with a broker

A loan broker acts as an intermediary between the company and financial institutions. The broker handles preparation, submission and negotiation of terms.

Why companies choose to work with a broker

Access to a broader network of lenders
the broker has contacts with 50+ banks and lenders
Time savings
the process is managed end-to-end; the entrepreneur is involved only in key decisions
Better terms
competing offers from multiple institutions deliver more favourable terms
Professional application preparation
the broker knows what each lender expects
Representation of interests
the broker works for the company, not the bank

Oferta Finance experience

Since 2019, Oferta Finance has helped more than 250 companies in Latvia secure financing. We work with 50+ financial institutions and have structured deals worth over €100M in total.

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