Finnvera can assist companies in distress by means of various renewal measures and by introducing more flexible financial arrangements, if the companies have the prerequisites for profitable business. In turnaround situations, Finnvera’s participation requires cooperation with other financiers.
When a company drifts into financial difficulties, its expenses usually rise faster than the turnover; this impairs the company’s profitability. When revenues fall short of expenses, the losses start to eat into the company’ growth and equity. The need for borrowed capital may also increase uncontrollably.
An enterprise on the verge of a crisis should recognise the initial symptoms of its problems as early as possible so that timely measures can be taken to correct the situation. Transparency in dealings with financiers is also a basic prerequisite for saving the business.
Products
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)
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)