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Entrepreneur Loan

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Entrepreneur Loan

An Entrepreneur Loan can be used for financing investments in the share capital of a limited company and/or in the fund of invested unrestricted shareholder’s equity. An Entrepreneur Loan can also be used to finance purchases of shares of an existing limited company.

An Entrepreneur Loan is a personal loan granted to an entrepreneur. Loans can be granted to several founders or shareholders in the same enterprise.

Before taking a decision on your loan, Finnvera carries out a business analysis to establish whether your enterprise has the potential for profitable operations. We assess your targets, strategies, development plans and the market situation. A business plan will speed up the handling of your loan application.

Terms and conditions of the Entrepreneur Loan

The target enterprise may operate in any sector except farming, forestry or building developer’s business. The enterprise must meet the criteria set by the EU for SMEs and it must have the prerequisites for profitable business.

The maximum loan per borrower is 100,000 euros. The borrower must personally put up a self-financing portion of at least 20 per cent.

Loan period is a maximum of 10 years. On case-by-case basis one  or two instalment-free years may be used at the beginning of the loan period.

A borrower for an Entrepreneur Loan must

  • be a shareholder in a limited company who holds at least 20% of share capital and related votes after completion of the investment or the transaction financed by means of the loan
  • work in the company or another company belonging to the same group, in accordance with the Limited Liability Companies Act

The borrower’s personal finances must also be in good order.

The price of the Entrepreneur Loan

Interest rate is the 6-month euribor and margin 3,25%. A handling fee is charged on the loan.

Applying of the Entrepreneur Loan

Finnvera's online service provides a secure and easy way for submitting financing applications. You can log in to the online service with your personal online banking credentials or mobile certificate.

The financing applicant who authenticates oneself in our online service must be a person in charge at the company and have the authority to sign on behalf of the company, or be the owner of a company being established. The company’s contact person named in the financing application can be any of the aforementioned or a company employee who has been given a power of attorney.

Read more about applying for financing