A Growth Loan may be granted to SMEs and midcap companies which have been in operation for over three years. If the applicant is a holding company (NewCo) buying another company already in operation, it is required that the company to be bought has been in operation for a minimum of three years.
The Growth Loan is a debt-based mezzanine financing product. The company's self-financing portion must always be at least 20% and the share contributed to the total financing by other financiers than Finnvera must be at least 50%. Project profitability and eligibility for financing is assessed on a case-specific basis together with other financiers.
Further information: Program Manager Kalle Åström, kalle.astrom (at) finnvera.fi