Name: Entrepreneur Loan
Brand: Finnvera

Entrepreneur Loan for a company’s shareholders for ownership arrangements

An Entrepreneur Loan is a personal loan granted to a shareholder in a company or the person taking over its business. The loan can be used for transfers of ownership, ownership arrangements or financing the participation of a new shareholder in a limited liability company, and it can be granted to several shareholders in the same company.

The loan is not suitable for financing the company's working capital needs or as the company's only form of financing.

Terms and conditions of the Entrepreneur Loan

Our requirements for the borrower of an Entrepreneur Loan:

the borrower must hold at least 5% of the share capital and votes after the investment or share transaction financed with the loan
the borrower works in the company or serves as a Board member in the limited liability company
the borrower’s personal finances are in good order

The target company of the Entrepreneur Loan must have the prerequisites for profitable business.
The loan is not suitable for financing a company's working capital needs. See Finnvera's guarantee products suitable for working capital needs.
The loan is not suitable for boosting equity capital or financing an undertaking in difficulty.
The loan cannot be used to finance participation in incentive programmes for large corporates.
Finnvera cannot finance agriculture proper, forestry or property development in the construction business. A few other sectors are also excluded from financing. Check the list of industries that Finnvera cannot finance .

Applying for the Entrepreneur Loan

Apply for the Entrepreneur Loan through our Online Service.

You can apply for the Entrepreneur Loan through our Online Service. You can log in to the online service with your personal online banking credentials or mobile certificate.

To process your application, please provide at least the following information:

Business plan – You can prepare a business plan, for example, using the business plan tool on the Job Market Finland website.
Result budget – For example, you can use Yritystutkimus ry's forms to help you.
Financial statements from an active company: financial statements for the previous three financial years with attachments, as well as the latest available information for the current financial year.
Information on applicant’s assets, liabilities, income and expenses (pdf). (Filling out the PDF form works best with Adobe Reader.)
Full ownership information of the target company of the entrepreneur loan, as well as the seller's information in the case of a share transaction.
Curriculum vitae (CV).

You can fill in the above information directly to the application or submit it as separate attachments with the application.

We will contact you.

We will contact you by phone within a week after we have received your application.

Before making a financing decision, Finnvera carries out a business analysis to establish the applicant's financial situation and capabilities for repaying the loan, as well as the enterprise’s potential for profitable business. We assess your goals, strategy and development plans and the market situation.

Finnvera makes a financing decision.

In addition to the scope of the project, the processing time will be affected by the coverage of the data submitted by application and any additional necessary information on the project to be financed.

Entrepreneur Loan