Investment and Working Capital Loan

An Investments and Working Capital Loan is intended for newly established and existing enterprises to finance investments in buildings, machinery and equipment and to provide working capital needed because of growth.

Finnvera can provide financing for enterprises in almost every sector; only actual farming, forestry and building developer's business remain outside our range of financing.

Enterprises with less than 250 employees, a maximum of EUR 50 million turnover or balance sheet total of EUR 43 million can apply for an Investments and Working Capital loan.

In 2007–2013 interest support for the loan may be obtainable from the European Regional Development Fund (ERDF), provided that the enterprise and the project are located in the EU objective regions, as defined in EU regional policy, and meet the eligibility criteria for assistance.

Attachments
Online Application (open a new web browser)
Application (PDF)

Brochure (PDF)

Finnvera Guarantee

A Finnvera Guarantee is intended as security for all types of financing within a company. The guarantee is ideal for SMEs and, on certain grounds also for large companies. The guarantee is an absolute guarantee.

A Finnvera Guarantee can be used to further the internationalisation of a company by granting a guarantee for financing the marketing, investments or working capital of the company's subsidiary or associated enterprise abroad.

A Finnvera Guarantee is ideal as security for loans or bond guarantees granted by banks, finance companies or insurance companies. The lender and Finnvera can divide the financing risks.

The guarantee is also suitable when a company needs security under domestic delivery agreements.

The guarantee can be used to finance enterprises in every other business field but the actual farming industry, forestry and building developer's business.

In 2007–2013 guarantee fee support for the guarantee may be obtainable from the European Regional Development Fund (ERDF), provided that the enterprise and the project are located in the EU objective regions, as defined in EU regional policy, and meet the eligibility criteria for assistance.

Attachments
Online Application (open a new web browser)
Application (PDF)

Brochure (PDF)

Micro-guarantee

A Micro-guarantee helps SMEs to obtain financing for different investment and working capital needs. A Micro-guarantee is intended for enterprises employing a maximum of 49 persons. They may operate in any business field, except the actual farming industry, forestry or building developer's business.

An enterprise applies for financing in a bank which makes an assessment of it’s prerequisites for profitable business and the collateral risks involved in the financing. The bank then applies for Finnvera’s Micro-guarantee electronically on behalf of the enterprise. Based on that application Finnvera then makes it’s guarantee decision. The enterprise itself is usually not in direct contact with Finnvera regarding the Micro-guarantee.

A Micro-guarantee is based on a credit and guarantee facility agreement, concluded between Finnvera and banks, to enable fast handling of applications in Finnvera. All branches of Nordea Bank Finland plc, Sampo Bank plc, Aktia Bank plc, Stadshypotek AB (publ), Branch Operations in Finland, Svenska Handelsbanken AB, Tapiola Bank Ltd, Optia Saving Bank, Cooperative Banks, Helsinki OP Bank well as a number of local savings and cooperative banks are covered by the agreement. If the bank is not covered by the agreement, Finnvera’s other guarantee products can be used as a guarantee for the loan.

Finnvera can guarantee 60 % of the loan at the most. The maximum amount of loans guaranteed with Micro-guarantees per enterprise can be 85 000 €.

Application
A bank applies for Micro-guarantee on behalf of the enterprise

Brochure
Micro-guarantee, brochure (PDF)

Export Guarantee

Export Guarantees – an instrument for covering domestic needs for collateral in exports

By means of an Export Guarantee, an exporter can acquire pre-delivery or post-delivery financing for working capital from a bank. An Export Guarantee can also serve as countersecurity for a bank when a bond is given in favour of a foreign buyer (a bid bond, an advance payment bond, a performance bond or a warranty period bond).

Export Guarantees can be issued for the following purposes:

• provision of financing for pre-delivery working capital needs in export projects, such as financing for manufacturing costs and raw material purchases
• provision of financing for post-delivery working capital needs (financing to cover the buyer’s payment period
• bonds pertaining to delivery contracts (bid bonds, advance payment bonds, bonds for manufacture, delivery and warranty periods)
• export of services, installation, planning, etc.(construction companies, engineering offices)

No limits are applied to the size of eligible projects. Export Guarantees can also be issued to companies other than SMEs. In general, financing is not available for exports to subsidiaries or associated companies. However, if the exporter is a domestic parent company and the end client is a buyer outside the Group, exports may also take place via a subsidiary or an associated company.

No restrictions are placed on the business sector in export projects.

Loans and guarantees granted by Finnvera are considered to include State aid if the price an enterprise pays for the financing is lower than the reference price determined by the EU Commission. Owing to international agreements, however, export guarantees must always be priced so that they do not include aid.

Applications for pre- or post-delivery financing of exports or bonds associated with delivery contracts, i.e. applications for Export Guarantees, are processed by Finnvera’s Regional Offices.

Brochure (PDF)