Invega invited financial institutions to apply to participate in implementing the incentive financial instruments Portfolio Guarantees for Loans 2 and Portfolio Guarantees for Factoring 2. Both measures are designed to help businesses access or restructure funding when they lack funds.
Measures implemented through financial institutions
The Portfolio Guarantees for Loans 2 instrument is designed to facilitate access to finance in the form of loans and leasing, while the Portfolio Guarantees for Factoring 2 instrument is designed to facilitate provision of factoring financing for commercial transactions.
The measures are implemented through financial institutions, thus reducing the risk of business financing. These measures are part of a government-approved economic stimulus package to help businesses reduce losses resulting from the quarantine.
More about the terms of the Portfolio Guarantees for Loans 2 instrument: read here (in Lithuanian).
More about the terms of the Portfolio Guarantees for Factoring 2 instrument: read here (in Lithuanian).
Our services and project team
Sorainen senior associate Agnė Sovaitė and associate Goda Drąsutė contributed pro bono to renewing agreements to be signed with financial institutions ensuring that they are in line with the relevant terms and conditions of the instruments.
