The financing applies to export receivables based on a delivery contract and covered by credit insurance granted by Finnvera or a commercial credit insurer. The financing provided is usually 95 per cent of the receivables covered by credit insurance, but not more than 2 million euros. The maturity of the loan corresponds to the repayment schedule of the export receivables. The export receivables are pledged as security for the loan. Generally no other security is needed.
Applications for Export Receivables Loans can be submitted by enterprises meeting the SME definition of the EU and by Mid Cap companies whose turnover at Group level is under 300 million euros.