Latvijas Garantiju Aģentūra

SIA Latvijas Garantiju aģentūra (LGA) is a full spectrum development financial institution established in 1998, with the Ministry of Economics of the Republic of Latvia as its shareholder. It assists entrepreneurs in attracting financing when collateral is insufficient, facilitating business creation, growth, and expansion. The agency provides credit guarantees, mezzanine loans, and insures risks of export deals, while also offering venture capital financing and microloans through financial intermediaries.

The agency offers credit guarantees for businesses that find bank projects appealing but lack sufficient collateral. It also provides export financing for companies selling abroad and wishes to ensure the buyer will pay, as well as venture capital financing and business angel investments. Additionally, LGA offers alternative financing solutions for those who need funding faster than traditional banks can provide.

LGA serves micro and small enterprises (MVU) across Latvia and the Baltic region. The agency's website provides independent guides on financing, credit guarantees, export financing, and investments specifically tailored for Latvian and Baltic companies. These guides are written independently and verified in official sources.

The agency's website features several specialized guides, including topics on factoring, leasing, mezzanine financing, and export credit insurance. It also includes a glossary of terms such as EURIBOR, Due diligence, and De minimis support, along with calculators to help users understand their financing options.

Reviewers consistently praise the professionalism and dedication of the LGA team, noting their attentiveness and helpfulness. Customers highlight the quality of service, the responsiveness of the staff, and the ability of the team to deliver results beyond expectations. Many users also appreciate the knowledgeable staff who go above and beyond to meet their needs.

All eight reviews on Trustburn are from 2022 and 2023, with the most recent dated December 2, 2023. The rating split shows a strong majority of 5-star ratings, with several 3-star and one 4-star review, resulting in an overall Trustburn rating of 3.9 out of 5.

The LGA website states that it is an independent publication that is not directly linked to the former Latvian Guarantee Agency, ALTUM, or any state institution. This independence allows the site to provide unbiased guides on financing without being tied to a specific government body or previous organizational structure.

LGA provides a comprehensive guide on mezzanine financing, explaining how mezzanine loans are priced and structured. The guide details when this type of financing is suitable for Latvian micro and small enterprises and how the agency's mezzanine program operates.

The agency offers a practical guide on export credit insurance, explaining how it works for Latvian exporters, what it covers, and how much it costs. This guide also highlights the differences between export credit insurance and state export credit guarantees.