Business financing – options and solutions

The Latvian financing market offers a variety of solutions for companies – from bank loans to non-bank lending, factoring and state support programmes.

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When a company needs financing

Financing becomes relevant at various stages of a company's development. Companies most often look for financing in the following situations:

Working capital
seasonality, large orders or customer payment delays create cash flow gaps
Investments
equipment purchase, production expansion, technology adoption
Growth
new markets, acquisitions, real estate projects
Refinancing
restructuring existing obligations to obtain better terms
Bridge financing
a short-term solution while long-term financing is being arranged

Financing options in Latvia

The Latvian financing market offers several solutions to companies:

Bank loans

Commercial bank loans with the lowest interest rates (typically 3–7% per year). Requirements: at least 2 years of financial history, positive profit, collateral. Decision time: 1–3 months.

Non-bank loans

More flexible terms and a faster process (2–10 business days). Rates are higher (8–20% per year), but accessibility is broader. Suitable for companies with shorter history or non-standard situations.

Factoring

Receivables financing – the company receives up to 90% of the invoice amount immediately. Suitable for companies with large debtors and long payment terms.

Leasing

Financing for equipment and transport, where the acquired asset serves as collateral. Often available to younger companies as well.

State support programmes (ALTUM)

Guarantees, grant programmes and subsidised loans via ALTUM. Can significantly improve accessibility, especially combined with bank loans.

How to choose the right type of financing

The choice depends on several factors:

Purpose
working capital vs. investment vs. refinancing
Amount
non-bank sector usually up to €500K, banks from €50K to millions
Tenor
short-term (up to 12 months) vs. long-term (up to 20+ years)
Collateral
with or without real estate pledge
Speed
urgent financing vs. planned investments

Choosing the right financing can save tens of thousands of euros in interest and months of time.

The Oferta Finance approach

We analyse the company's situation and needs, then approach the most suitable financial institutions from our network of 50+ partners. The entrepreneur receives a comparison of the best available offers.

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