Microloan

A Microloan is particularly intended to finance the activities of a small enterprise that is just starting up or already in business. The loan is used for investments in machinery and equipment relating to an enterprise's business, for working capital requirements, other business start-up and expansion projects or company development.

An enterprise may receive a Microloan in one or more amounts subject to a maximum of 35,000 euro. Other Finnvera loans are also available. A Microloan can be granted to all forms of company and it may be supplemented with the start-up money (starttiraha) granted by the Ministry of Labour.

Enterprises with a maximum of five employees and permanent business activities in all business sectors, except for the actual farming industry, forestry or building developer's business, may apply for the 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)