What are the benefits?
Soft loans provided under the Open Credit Fund 2 (OCF2) facilitates the financing for the implementation of business projects, in particular within the first phases of project development.
What companies are eligible?
Small and medium-sized enterprises.
What is the maximum amount?
Maximum amount of OCF2 financing per loan is EUR 600.000 with a maximum loan term of 120 months for loans and leasing and 36 months for facility of credit limit. Maximum amount of the financing may be increased depending on the proportional share of bank funding.
How does it work?
In order to use the financial instrument under the Open Credit Fund 2, enterprise or entrepreneur is required to apply, firstly, to the credit institution with which a cooperation agreement was formed. Currently, soft loans under Open Credit Fund 2 are provided by Citadele bank and Medicinos bankas. Medicinos bankas provides leasing transaction services as well.