What are the benefits?
Crowd funding loans Avietė (hereinafter referred to as “Avietė loans”) enable small and medium-sized enterprises to borrow through crowd funding platforms.
What companies are eligible?
Small and medium-sized enterprises operating in Lithuania.
What is the maximum amount?
The total amount earmarked for financing of Avietė loans is EUR 10 million of the funds repaid and/or to be repaid to the INVEGA fund.
The maximum amount per loan is EUR 10,000 and funding can be provided up to 40 percent of the total loan amount. A loan may be granted for a period not exceeding 36 months and it is intended to finance both investments and circulating capital, except for the refinancing of financial obligations, financial activities and residential real estate.
How does it work?
Avietė loans are granted through crowd funding platforms. Crowd funding platform operators, which have signed cooperation agreement for the implementation of Avietė loans, will select those business projects which will be co-funded under the measure Avietė. The number of crowd funding platform operators is not limited, therefore, contracts can be made during all the period of implementation and until all funds of the measure are used.
ATTENTION! Due to the COVID-19 situation, additional Aviete scheme loans (in addition to the existing conditions) are available until 30/06/2021 under the following terms:
Aviete funds will be used to issue loans, which can be financed up to 100 per cent from Aviete, up to the limit of EUR 25,000. A maximum of two loans per borrower can be issued over a period of six months, with a maximum loan period of 12 months.
Information for potential financial intermediaries (for crowd funding platform operators)
Each crowd funding platform operator which has submitted an application and concluded a cooperation agreement with Invega will have an opportunity to use Avietė funds according to need, for financing the business projects complying with the terms of the measure in the form of loans.
All crowd funding platform operators operating in the Republic of Lithuania and included into the public list of crowd funding platform operators are invited to become partners under this Measure. Crowd funding platform operators can submit applications to become a financial intermediary during the entire implementation period of the Measure.
An application to become a financial intermediary of Avietė is available here (Lithuanian language version). A detailed technical specification of the implementation of the Measure is available here (Lithuanian language version).
Please send an application with annexes and the documents certifying compliance with the requirements laid down in the terms of reference signed with a qualified electronic signature by e-mail: firstname.lastname@example.org, or signed in writing – by registered mail to the address of the head office of Invega: Konstitucijos pr. 7 (16 floor), 09308 Vilnius.