Loan for the growth of a microenterprise or the next leap in its development
- From € 5,000 to € 50,000
- Self-financing 0%
- No collateral required
- Interest from 6% + euribor
Calculate the monthly instalment
The result is approximate and may differ from the terms and conditions offered to you.
Application process
Complete an application
Complete a micro loan application.
Submit documents
Please send the following documents to the address mikrolaen@lhv.ee last year’s annual report, balance sheet and income statement (not older than 2 months).
Loan decision
You will be notified of the loan decision within five business days after submitting the documents.
Conclude the agreement
Sign the loan and surety agreement digitally. The loan amount will be transferred into the company’s account.
Price list and terms and conditions
| For whom | Micro enterprise in its growth phase |
| Intended purpose | For the development of business, for example, purchasing equipment or machinery, obtaining working capital or making other small investments |
| Loan amount | 5,000 € to 50,000 € |
| Self-financing | Not required |
| Period | 1 to 6 years |
| Interest | from 6% + euribor |
| Agreement fee | 1.5% of the loan amount, minimum 150 € (agreement fee 0 € until 31.12.2024) |
| Collateral | Guarantee for a private individual or legal person |
| Requirements for the borrower |
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Familiarize yourself with the conditions and, if necessary, ask for advice from our expert by calling one of the business loan managers below or by writing to mikrolaen@lhv.ee.
The European Investment Fund guarantee
Micro loan benefits from a guarantee funded by the European Union under the Programme for Employment and Social Innovation (EaSI) and the European Fund for Strategic Investment (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.
- Promote the availability of funding for vulnerable segments of the population wishing to set up or develop their own company.
- Assist micro enterprises whose collateral is of insufficient value to be able to take out a regular loan.
- Simplify financing solutions for developing companies.
Additional information about the programme is available on the websites of the European Investment Fund and the European Commission:
EaSI Financial Instruments
EU Programme for Employment and Social Innovation (EaSI)
Supporting entrepreneurs and the self-employed - Microfinance
Supporting entrepreneurs and the self-employed - Social entrepreneurship
Company (private or public limited company) registered and operating in Estonia, owned by:
- persons wishing to develop their micro enterprises;
- persons who have lost or are at risk of losing their jobs, who have been away from the labour market and are experiencing difficulty re-entering the labour market as a result, and who have set up micro enterprises;
- persons at risk of or subject to social exclusion or having difficulty getting a regular loan since they are considered too young or too old, or if they have a physical disability;
- persons concerning whom no insolvency proceedings have been initiated.
EThe EIF guarantee does not apply when the company operates in a prohibited area of activity.
We aim to support entrepreneurs on their growth journey. LHV micro loan clients can receive three free business coaching sessions (worth 1,000 euros) to accelerate the growth of their company. The coaching is conducted by highly regarded and qualified Estonian coaches, who have practical experience and suitable background to support the growth of businesses and leaders.
