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Everything about our export credit guarantees and export credits and other solutions for internationalisation.
We help enterprises in the exceptional situation caused by the coronavirus
Finnvera takes a flexible approach towards all reorganisation needs of financing caused by the coronasituation. We have the capability to significantly increase our SME financing and help enterprises over the crisis. Finnvera’s Start Guarantee, SME Guarantee and Finnvera Guarantee can be used for working capital needs caused by the coronavirus. The company must have the potential to operate profitably in the long term. Read more about our services in corona situation.
The coronavirus pandemic significantly increased demand for Finnvera’s SME financing. Export financing decreased a little over one fifth from last year. Finnvera’s result in January-June showed a loss. The loss was caused by the significant credit loss provisions in export credit guarantee and special guarantee operations, made as a result of the pandemic.
Start Guarantee is intended for newly launched enterprises that are owned by private individuals and meet the SME definition applied by the EU. The bank will submit an online application for a Start Guarantee to Finnvera on behalf of the enterprise.