Growth Loan boosts growth and internationalisation

The Growth Loan introduced by Finnvera at the start of April provides an instrument for financing major growth and internationalisation investments in SMEs and midcap companies.

The Growth Loan is intended for SMEs and midcap companies that have been operational for more than three years and seek funding for major growth and internationalisation projects and corporate restructuring. Midcap companies are enterprises that are larger than SMEs and have a turnover of less than EUR 300 million.

- The purpose of the Growth Loan is to attract market-based financing to projects where risks are high but that are expected to be profitable and effective, explains Katja Keitaanniemi, Executive Vice President, SMEs at Finnvera.

The Growth Loan is a debt-based mezzanine financing product combining features of equity and debt financing. The company must provide at least 20 per cent of the financing and the contribution of Finnvera and other financiers must be at least 50 per cent.

The Growth Loan is granted on a project-specific basis and Finnvera and other financiers jointly evaluate the profitability and financing eligibility of each project.

Further information:
Kalle Åström, Program Manager, SMEs, tel. 029 460 2747