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Microloan
Funding up to €20,000 for your business’ daily needs. A decision on loan within 10 minutes.
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- Receive an offerwithin one working day
- Financing of up to 90%of the value of the vehicle or equipment
- Leasingwith European Union co-financing
Leasing will transform your business
Equipment will provide your business with power and remove pressure. Trucks, car fleets, manufacturing equipment and agricultural equipment - we offer all of this to businesses and farms through leasing. You can continue your business with more opportunities. Paying it off will also be simple - choose a term of up to 6 years and how you’ll pay it back - every month, quarter or according to an individual schedule.
Car leasing for businesses
Leasing for both new and used cars.
- We’ll finance 90% of the car’s value.
- Choose to pay back when it’s suitable for your business - within 6 years.
- For cars costing up to 17,000 Euro, we will complete a valuation at one of our branches.
- You can use leasing if the age of the car is under 15 years at the repayment date.
- You will be able to deduct your VAT pre-tax and gain additional assets.
Commercial transport leasing
Plan on expanding the business automobile fleet? Choose commercial transport leasing.
- We’ll finance up to 90% of the value of the commercial transport.
- Choose to pay back when it’s suitable for your business - within 6 years.
- You can use leasing if the age of the commercial transport by the repayment date is under 14 years.
- You will be able to deduct your VAT pre-tax and gain additional assets.
Industrial technology and equipment leasing
- We’ll finance up to 90% of the value of the equipment.
- Choose to pay back when it’s suitable for your business - within 6 years.
- You can use leasing if the age of the agricultural equipment by the repayment date is under 18 years. Road building, construction and industrial equipment, as well as other unregistered technology must be under 15 years.
- You will be able to deduct your VAT pre-tax and gain additional assets.
Leasing or leasing loans for agriculture
If you work in agriculture and wish to receive co-financing from the Rural Support Service (Lauku atbalsta dienesta) to buy equipment, you have two options. If you lease the equipment, you will receive the EU fund’s support in installments. Meanwhile, Citadele’s leasing loan has been developed specially for farmers. Citadele’s leasing loan:
- A simplified evaluation process.
- EU financing available in full after purchasing your equipment.
- Deposit can be replaced with a mortgage on the land used for farming.
- The loan has a longer repayment date - up to 7 years.
- The equipment is included on the business’ balance sheet as a fixed asset.
Let’s calculate your leasing cost together
Leasing types
Find out which type of leasing is most suitable for your business
- Financial leasing is the most suitable leasing type if you want to own your equipment. Receive and use your equipment straight away but pay in installments. As soon as you make the final payment, the equipment is yours. It will count as a fixed asset as soon as you recieve it.
- Operating leasing is suitable if you wish to use equipment for a set period of time. At the end of the leasing period, decide whether to return the equipment or buy it for the remaining value so that it belongs to the business. The transport or equipment does not have to be declared on the business balance sheet.
- Leaseback can also be used if your business has a vehicle or equipment but needs money for other reasons. The leasing company will buy them from your business, so you receive the money and continue to use the equipment, buying it back gradually. The equipment can be listed on your balance sheet as a fixed asset the whole time.
How to apply for leasing
Begin with a consultation. Our leasing specialists have experience in industrial and agricultural leasing. Their aim is to find the best solution quickly and help throughout the whole purchase process.