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, Svenska Handelsbanken plc, 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)