Subsidies Offered by Invega


INVEGA aims to promote the growth and competitiveness of Small and Medium-sized Enterprises (SMEs) by implementing various financial measures, such as soft loans, loan guarantees, interest rate subsidies, and support for the first job and finance of consultancy expenses.

Soft Loans

INVEGA manages soft loan financial instruments financed by the European Structural and Investment Funds (ESIF) and resources returned, allowing SMEs to start or expand their activities. Different types of loans provided by financial institutions are offered under different conditions. The best option to enhance an SME’s access to finance is chosen according to the amount of the financial support needed and payment provisions.

Loan Guarantees

Businesses applying to banks and other credit institutions for loans to start or grow their business often face the challenge of collateral not being attractive or adequate enough for the bank or credit institution. INVEGA helps to overcome this challenge by guaranteeing financial intermediaries the repayment of up to 80% of the first loan. The bank secures the repayment of the remainder of the loan with collateral offered by the enterprise.

Partial Financing of Loan Interest

Partial financing of interest allows businesses that receive financial support in the form of non-repayable subsidies to reduce the burden of obtaining financing while cutting costs and facilitating the planning of business development. Businesses can make use of the opportunities offered by the Interest Rate Subsidies instrument to cover up to 95% of the interest paid on loans, both guaranteed and not guaranteed by INVEGA.

Support for Employment

Under the Support for Employment instrument employers that hire individuals encountering difficulties in the labour market are entitled to a compensation of wage costs. Within the framework of the project Support for the First Job employers who hire individuals with no prior work experience may be partially reimbursed for salary costs associated with the first-time employment of young person (up to 23.3% from the salary calculated).

Financing of Consultancy and Training:

  • EXPO Consultant LT – Support of EUR 4,000 to cover the costs of export-related consultations over a period of six months;
  • Business Consultation – Support of EUR 2,000 to cover the costs of business consultations over a period of six months;
  • Staff Training – Up to EUR 4,500 can be compensated for the costs of employee training over a period of 12 months.


Subsidies Offered by the Ministry of Agriculture of the Republic of Lithuania


The Ministry of Agriculture of the Republic of Lithuania usually offers financial aid in various forms to micro or small companies engaged in economic activities and seeking to reduce social exclusion and fighting poverty in rural areas. There are several example measures implemented by the Ministry:

“Economic and Business Development” area of activity “Support for the Start of Non-agricultural Business in Rural Areas”

This financial aid encourages the start of new businesses in rural areas, encourages the economic activity of micro, small enterprises, farmers and other natural individuals in rural areas, covering various non-agricultural activities, production, processing, marketing, selling, and the provision of various services, including services to agricultural businesses;

“Economic and Business Development” area of activity “Support for investments Aimed at the Creation and Development of Non-agricultural Activities”, “Support for Investment Aimed at the Creation and Development of Economic Activities”

This financial aid supports the creation, development, diversification, and maintenance of economic activities. Under the measure, support is provided for non-agricultural activities, production, processing, marketing of products, as well as the provision of services, including services to agricultural businesses.


The measure is implemented in line with the bottom-up approach to reduce social exclusion, poverty, and unemployment while diversifying economic activities in rural areas. i.e. The measure is implemented in accordance with local development strategies, developed and adapted to the specific rural area of Lithuania;

Financial Aid to Compensate the Payment for Guarantee (Credits)

A financial support measure aimed at facilitating the use of credit by rural actors for investment projects by reimbursing part of the guarantee fee.


Alternative Sources of Financing


Lithuanian Risk and Private Equity Companies

One of the sources of business financing is venture capital funding. Venture capital funds invest in businesses that are looking for viable business projects with fast growth potential and focused on global markets.

Business Loans by Banks and Credit Unions

The most popular sources of financing business activities are bank loans and credit union loans. Loans are usually given to longer term and the loan itself is bigger. This financing option is more often available to older and larger companies, as credit institutions require collaterals and high-risk assessment requirements are applied. However, loans from credit institutions stand as quite a cheap option.

Business Loans by other Credit Institutions

Other credit institutions that are not considered to be traditional ‘banks’ may also issue loans. Usually they apply quite flexible and fast risk assessment processes. However, the loans might be more expensive in terms of rates of interest and administrative fees than those applied by traditional banks.

Peer-to-Peer (P2P) Financing and Crowdfunding

In the peer-to-peer lending model, investors, who are usually private individuals, lend money to other individuals or businesses or finance a company’s project in a form of a loan via a special P2P platform. Loans might be secured by mortgages or a CEO guarantee from the borrower. There are several P2P and crowdfunding platforms operating in Lithuania that grant access to business loans: FinBee, SAVY, LENNDY.