Loan for micro-enterprise growth
Loan for microenterprise's new projects and investments
We wish to play our part in ensuring that new growth-oriented companies are established, which is why we can grant loans for micro-enterprise growth. Applications for the loan are received for a limited period between 1 October 2024 and 31 March 2025. We also aim to investigate micro-enterprises’ access to financing and its impact. The impact will be monitored during the loan period, and the applicant undertakes to provide Finnvera with the requested information.
A loan can be granted to a micro-enterprise meeting the EU definition when its financing needs focus on investments and/or development measures that will improve the company's operations and competitiveness and that differ from its normal operations.
The loan is intended for companies with fewer than ten employees whose annual turnover or balance sheet total does not exceed 2 million (EU definition of a micro-enterprise). The loan is not suitable for foundations. See list of sectors we cannot finance.
The loan may be granted to a company that has been operating for at least one financial year for which adopted financial statements are available. The company must, in Finnvera’s estimate, have sufficient ability to service the loan and the prerequisites for continuous profitable business.
Other Finnvera financing cannot be granted to the company concurrently.
What types of projects is the loan suitable for?
The loan is intended for meeting new financing needs associated with promoting the growth, productivity or competitiveness of a micro-enterprise that differ from its normal operations, including:
- hiring a new employee
- opening a new branch
- larger and/or better new facilities
- investments in machinery and/or equipment
- expansion, development or renewal of business, such as launching a new product/service
- digitalisation of business.
Attachments required for the application
Before applying for a loan, read and fill in the Information on the Impact of Financing form (PDF). The completed form must be submitted as an attachment to your application. The Ministry of Economic Affairs and Employment and Finnvera will use the information it contains for research purposes.
Please attach a business plan and a result budget to your application. In addition, we also need company's financial statement and their appendices for the previous three financial years and the latest available information for the current financial year.
Please note that filling out the form works best with the Acrobat Reader program. Please note that if you open the form in a browser, the information you enter will not be saved in the application. Therefore, we recommend that you first save the application to your computer and then fill it out.
Terms and conditions of the loan
Applying for a loan
Contact your bank.
A company's financing needs can usually be resolved by using Finnvera’s guarantee products, which is why you should first contact your usual bank about your financing needs.
Apply for a loan in our online service.
Fill in the loan application in our online service and provide the requested information about your financing needs.
You will speed up the processing of the application by submitting with the application:
- Impact of Financing form (PDF)
- Business plan
- Result budget
- Financial statement and appendices for the previous three financial years and the latest available information for the current financial year.
You can prepare a business plan, for example, using the business plan tool on the Job Market Finland website. The form for the result budget is available on the Company analysis advisory board's website.
The application will not be processed until the required attachments have been submitted to Finnvera.
We will contact you.
We will contact you by phone within a week after we have received your application.
Before making a financing decision, Finnvera carries out a business analysis to establish the applicant's financial situation and capabilities for repaying the loan, as well as the enterprise’s potential for profitable business. We assess your goals, strategy and development plans and the market situation.
Finnvera make a financing decision.
In addition to the scope of the project, the processing time will be affected by the coverage of the data submitted by application and any additional necessary information on the project to be financed.
