Overdraft facility

Overdraft facility enables you to raise working capital quickly and flexibly and make your company more competitive in the process.

Flexible conditions - our financing solutions come tailor-made. We listen to what you actually need and help in every way we can to make it happen.

Professional advice - whether you write to us via the Internet Bank or give us a call, our Business Client Relations Managers are always here to help.

Available everywhere - we are here to help entrepreneurs in every corner of the country. Coop Pank views Estonia as a land of opportunity – so if you make the most of those that come along, and do things right, success is sure to follow all around.

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Limit depends on company’s monthly turnover

Interest is paid on used amount

Term up to 1 year

Minimum loan amount 50 000 €

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Working capital loan

Working capital loan can be used to finance a specific project or make short-term investments.

Investment loan

You can use a long-term investment loan for investing in larger projects with a longer payback period, acquisition of fixed assets, expanding the company’s operations or implementation of new production processes.

Loan for seasonal work

The loan for seasonal works is meant for agricultural producers to allow them carry out their springtime planting and meet other seasonal needs.

Maximum limit depends on the monthly turnover of the company
The minimum loan amount is €50,000
Term up to 1 year
Collateral
- mortgage over a registered immovable property (built-up registered immovable property, residential property, right of superficies)
- guarantee by KredEx or MES, commercial pledge over the fixed assets or other movable property, a deposit, guarantee by a private individual or legal person
Interest is paid only on the amount actually used
Company registered in the Republic of Estonia of a self-employed individual registered in the Commercial Register
The equity capital of the company has to meet the requirements set by law
Application
Financial statements
- annual accounts for the past 2 financial years (audited accounts if subject to an audit obligation and no accounts have been submitted to the Commercial Register)
- Quarterly financial statements for the current financial year, not older than 2 months
Expert assessment of the collateral, prepared by a real estate firm accepted by Coop Pank