Financing as drive for business growth
If a company’s start-up capital can be seen as the soil in which to plant a seed, then stable and systematic investments are the nutrients that help the capital grow – and in the long term, they are essential.
Used wisely and thoughtfully, funding allows the company to not only maintain a stable cash flow for day-to-day operations, but also to grow and keep up with the time. It also helps to be prepared for various unforeseen scenarios.
The Latvian branch of Bigbank offers a wide range of support for legal entities, suitable for both early stage and mature companies.
For extra stability in everyday life
Business funding can be useful for short-term investments and project financing. It can be used in a variety of ways – for example, to buy raw materials or to pay suppliers’ invoices while customer payments are still pending.
Meanwhile, if you need a more flexible solution to ensure cash flow or increase working capital, a credit line for businesses can be useful. Its advantage is that the loan can be used several times during the contracting period, tailored to the specific needs of the company.
For growth and expansion
When it is time to take the next step in development, entrepreneurs often choose to pledge an existing property, such as a factory building, to raise funds for new equipment. If the calculations are careful and the decision well-weighed, expansion of the production capacity is likely to bring returns very soon. In such cases, Bigbank offers a loan against a real estate collateral. By pursuing its objectives, the company is able to grow rapidly and return its investment with interest.
An investment loan is the right solution for large, long-term investments – it helps finance projects that generate stable income over the long term.
However, if a company is considering building or renovating new office premises, warehouses or other real estate, a real estate development loan is a valuable instrument.
For farms and regions
Bigbank also offers a loan for farmers and foresters, which can be obtained by mortgaging farmland. This allows farmers to buy new machinery, improve infrastructure and make the farming operations more efficient.
In view of the agricultural emergency declared by the government at the beginning of August, Bigbank reminds customers to contact the bank first in case of any repayment difficulties in order to find a common solution. The bank also offers refinancing and loan consolidation services that can reduce monthly payments and ease the financial burden.
For modernisation and competitiveness
In today’s competitive environment, modernisation is often a prerequisite for growth. If you need financing for construction, building, agricultural, logging, metalworking, printing or warehouse equipment and other machinery, one of the most suitable solutions is equipment and machinery leasing.
The company’s growth can also be ensured by expanding or renewing the company’s fleet: car leasing can help to introduce safe and reliable transport solutions.
An important aspect to consider when thinking about expansion is the company’s environmental impact. Implementing environmentally friendly solutions may seem expensive, but it almost always pays off in the long run – not only in terms of cost savings, but also in terms of reputation. In addition, various support mechanisms are increasingly available. Bigbank is also thinking sustainably and offers green leasing for companies wishing to add electric vehicles to their fleet or to install charging infrastructure.
For security and unforeseen events
Investment is important, but so is security and stability. Savings help to maintain the company’s liquidity, provide a safety net for a rainy day and give you more confidence about the future.
In addition to loans and leasing, Bigbank also offers deposits. A savings deposit is a good tool for gradually building up financial reserves by making the money in the account earn profit, and it has no minimum deposit amount. At the same time, the money deposited is easily accessible – it can be withdrawn on demand on internetbank within one working day.
A savings account can also serve as an additional safeguard for the company’s finances – especially at times when security against fraud or economic fluctuations are of concern. According to the Bank of Latvia, more than 30,000 fraudulent payments were made in Latvia in 2024, defrauding EUR 11.7 million. In addition to other aspects – password security, fact-checking and financial literacy – a savings account can also be one way to protect your funds, as it allows you to keep the resources separately.
A fixed-term deposit is more suitable for those who want a predictable and stable return on the funds they have accumulated and will not need for some time. It is less flexible than a savings account, as the money cannot be withdrawn before the original maturity date in order to earn the accrued interest.
You can follow the term deposit rates offered by credit institutions on the Bank of Latvia’s website, where they are updated weekly. Savings rates for companies are not compiled separately, but information about them is available on the websites of banks. For example, Bigbank offers the highest rate on the market for savings accounts – a fixed rate of 2.50% for the first two months and a variable annual rate of 2.40% for the remainder of the period.
In Latvia, deposits are protected by the Deposit Guarantee Law, which protects depositors’ funds up to EUR 100,000 in a bank if it becomes insolvent. Deposits placed with Latvian banks are protected by the Latvian Deposit Guarantee Fund. As Bigbank is an Estonian bank, its deposits are protected by the Estonian Deposit Guarantee Fund.
Bigbank reminds you to make sure you can repay any loan before you consider it. You should also assess the creditor’s reputation and compare the annual interest rate.
Find out more about loans for legal entities at bigbank.lv.
About Bigbank
Bigbank AS is an Estonian bank that has expanded beyond Estonia, with branches in Finland, Sweden, Latvia, Lithuania, Bulgaria, as well as offering cross-border services in Austria, Germany and the Netherlands. The company is headed by Martin Lants, a member of the Group’s Management Board. The board also includes Mart Veskimagi, Argo Kiltsman, Ken Kanarik and Ingo Poder.
