The working capital loan is designed for financing a company’s current activities, thus for improving the current financial liquidity.

The working capital loan is granted for a term up to 4 years, depending on the borrower’s needs. The loan may be repaid in instalments or on a one-off basis. The manner of repaying the loan depends on the term of the loan’s utilisation.

The working capital loan is granted in various currencies:
EUR, GBP, USD, CHF, JPY.

The loan interest rate is based, depending on currency, on LIBOR/EURIBOR plus the margin of Meridian Capital Enterprises.

In order to obtain the loan, one needs to submit an application using the form of Meridian Capital Enterprises, along with the documents required in order to assess the credit capacity and the value of loan collateral.

The list of documents needed to carry out the process of granting financing in the form of the working capital loan:
1. documents confirming the legal status; authorising to pursue business activities,
2. description of the business activities and the business prospects during the term of financing,
3. information concerning the applicant’s assets,
4. the financial statements for the last two full years and for the ended months of the current year,
5. the list of receivables and liabilities,
6. opinions from other banks and financial institutions rendering services to the applicant and relating to the balance and timeliness of repaying financial liabilities owing to them by the applicant,
7. the statement on the balance of tax liabilities towards the state treasury,
8. the title deeds and the signed lease or rent agreements covering the business locations,
9. the signed contracts for sales of commodities or services,
10. the financial forecast for the term of loan utilisation and repayment, including the description of data presented in the forecast,
11. the documents concerning the proposed loan legal collateral:

• copies of entries to the land and mortgage registers of properties owned by the applicant,
• the list of fixed assets that may represent collateral,
• the list of warehouse stock that may represent collateral,
• the list of contracts that may represent the subject-matter of assignment for collateral purposes,
• the list of insurance agreements that may represent the subject-matter of assignment for collateral purposes.

12. Other documents determined in the course of the review by Meridian Capital Enterprises, required for the appropriate assessment of the credit capacity to repay the loan applied for by the applicant.

The loan is disbursed on a one-off basis to the applicant’s bank account upon having established the legal collaterals securing the loan. The amount of loan disbursement will be diminished by the commission owing to Meridian Capital Enterprises for the granted loan, in the amount set forth in the loan agreement.

At Meridian Capital Enterprises Ltd., the enterprises may combine various forms of financing by: