An export enterprise is exposed to both commercial risks arising from the buyer and political risks arising from the buyer’s country. However, it may be easier to reach a deal when the seller has the option of extending the credit term beyond the customary limit; therefore it pays for the seller to prepare for risks, for instance, by applying for Finnvera’s export credit guarantee for the transaction.
The granting and pricing of export credit guarantees depends largely on the creditworthiness of the buyer and the buyer’s country. For assessing creditworthiness, a country risk category is determined for each country.
It pays to apply for an export credit guarantee even before the transaction is concluded, and in any case before deliveries start.
Products
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.
