As international trade is expanding, credits have become an important competitive factor on the market. Giving credit means providing financing for the buyer. This is reflected directly in the exporter’s working capital. If the buyer is slow or unable to meet his payments, problems are reflected in the enterprise’s own finances. Sometimes the shortage of working capital caused by delays in payments needs to be covered with shortterm financing from external sources. This in turn causes expenses reducing the enterprise’s profitability.
It is important to assess the risks included in giving credit. They may be commercial risks associated with the buyer’s payments, or political risks associated with the operating environment in the buyer’s country. Examples of political risks include restrictions imposed on currency transfers, rescheduling of debts, and war or insurrection. Through international analysis of countries and banks, Finnvera monitors the creditworthiness of countries involving political risk.
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Finnvera's customers can submit applications for business financing safely and securely by using Finnvera plc's Online Services.
Telephone service is available from Monday to Friday between 8:00 a.m. and 4:15 p.m.
Finnvera provides financing for the start, growth and internationalisation of enterprises and guarantees against risks arising from exports. Finnvera strengthens the operating potential and competitiveness of Finnish enterprises by offering loans, domestic guarantees, venture capital investments, export credit guarantees and other services associated with the financing of exports. The risks included in financing are shared between Finnvera and other providers of financing.
Finnvera is a specialised financing company owned by the State of Finland and it is the official Export Credit Agency (ECA) of Finland.
