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Bridge financing for the period preceding the payment of grants

Bridge financing means a loan granted by Finnvera to meet a company’s need for working capital during the period between a positive grant decision made by a Centre for Economic Development, Transport and the Environment (ELY Centre) or Business Finland and the actual payment of the grant.

ELY Centre’s grant applicants may apply for bridge financing only if the grant they are applying for is a development grant. Business Finland's grant applicants may apply for bridge financing only if no advance will be paid on the grant.

A prerequisite for a loan by Finnvera is that Business Finland or an ELY Centre has made a positive grant decision. Therefore the Bridge Financing decision will always be made after the grant decision. The maximum loan sum is 70% of the grant that has not been paid yet; however, not more than EUR 500,000 for grants issued by Business Finland.

Bridge financing doesn't have an application form of its own. All applications should be filed through Finnvera’s Online Service by choosing "Apply for a loan or a guarantee".

The final terms of financing will be specified according to Finnvera's financing decision. EU Rules on state aid may raise the price of the bridge financing.

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