Please note! If your company's financing needs are related to coronavirus situation, see Working capital loan for financing needs caused by the coronavirus crisis.
The Finnvera Loan (Investment and Working Capital Loan) is intended for small and medium-sized enterprises. It can be used to finance domestic construction, machinery and equipment investments, energy and environment projects, working capital needs, and various ownership arrangements. The minimum amount of the Finnvera Loan is EUR 50,000, and it is usually used as a part of the overall financing package granted by the bank.
Companies should primarily contact their bank for the planning of overall financing. Financing needs can often be resolved using Finnvera’s guarantee products as well (Start Guarantee, SME Guarantee and Finnvera Guarantee).
Before taking a decision on your loan, Finnvera carries out a business analysis to establish whether your enterprise has the potential for profitable operations. The analysis assesses your targets, strategies, development plans and the market situation. A written business plan will speed up the handling of your financing application.
Terms and conditions of the Finnvera Loan
The Finnvera Loan can be used for the financing of all sectors with the exception of farming, forestry and property development in the construction sector.
Finnvera Loan is intended for SMEs and, on special grounds, for companies larger than an SME, too. The company applying for the loan may just be starting its operations or an established company.
The Finnvera Loan can be applied by a small and medium-sized enterprise (SME), which means that
- the enterprise has fewer than 250 employees
- its annual turnover does not exceed 50 million euro or its annual balance-sheet total is less than 43 million euro.
Furthermore, the holdings in the enterprise and its holdings in other enterprises may contribute to the fact that the enterprise is not an SME.
The minimum amount of the Finnvera Loan is EUR 50,000. Loan period is generally 3–15 years depeding on the character and the size of the investment.
The price of the Finnvera Loan
Interest rate is fixed or tied to a reference rate. It is affected by the business’s profitability and financial standing, its operating risk and security. In national support areas the interest of the loan to SMEs incorporates interest subsidy.
Security is negotiated case by case. A handling fee is charged on the loan.