Financial planning when setting up a business
Applying for financing during the setting up of a company requires careful planning and financial calculations. You can draw up business and performance plans using the electronic tool provided in My Enterprise Finland service. These plans are also required as attachments to the financing application submitted to Finnvera.
The financing requirement usually becomes clear when you prepare a business plan for your company. The minimum amount for Finnvera’s guarantees is 10,000 euros.
Financing contributions and self-financing
Finnvera Guarantee's co-financing rate is case-specific. In start-up company's financing Finnvera's contribution can be up to 80% of the project.
The self-financing requirement depends on the content of the project. In investments, Finnvera typically requires that 15 % of the funding is provided as self-financing, while in company acquisitions and generational transfers the requirement is 20 %.