Name: Finnvera Guarantee
Brand: Finnvera

Finnvera Guarantee as part of your company's financing

Does your company have enough collateral to apply for a loan from a bank? The Finnvera Guarantee serves as a partial collateral for a bank loan and may be a solution for arranging financing.

The Finnvera Guarantee is intended as security for various domestic financing needs, such as the following:

product development
marketing
investments in machinery, equipment and production facilities or business premises
as security for financing the working capital required for the company´s business
as security for production time finance in projects
as security for seasonal financing
as security for financing an acquisition or business deal
security associated with domestic delivery contracts.

The Finnvera Guarantee can be used as a guarantee for loans or bank guarantees granted by the bank, the financing company or the insurance company in the following forms of financing, among other things:

promissory note
bank account with overdraft facility
credit limit
bank guarantee (delivery security, other security commitment)
bank guarantee limit (delivery security)
factoring financing.

Terms and conditions of the Finnvera Guarantee

The provider of financing and Finnvera share the risk related to financing. Finnvera’s guarantee coverage is determined on a case-by-case basis, and it usually amounts to 50–80% of the amount of the loan or other financing commitment. The minimum amount for Finnvera Guarantee is 10,000 euros. The guarantee period is negotiated case by case.

The Finnvera Guarantee is intended especially for small and medium-sized enterprises that
- employ fewer than 250 employees
- have a turnover not exceeding 50 million euro or a balance-sheet total not exceeding 43 million euro.
Before taking a decision on your guarantee, 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 speeds up the handling of your application.
Furthermore, the holdings in the enterprise and its holdings in other enterprises may contribute to the fact that the enterprise is not an SME.

Finnvera guarantees can be granted for business operations in nearly all sectors, with the exception of farming, forestry and property development in the construction sector. It is a suitable option for SMEs and, on special grounds, for companies larger than an SME, as well.

We follow the EU sector limitations on state subsidy in the allocation of our financing services.

Applying for the Finnvera Guarantee

The financier can apply for the Finnvera Guarantee on behalf of your company directly through Finnvera. It is important to agree in the financial negotiations which party will apply for the guarantee.

Alternatively, you can apply for the Finnvera Guarantee for your company yourself in our online service. You can log in to the online service with your personal online banking credentials or a mobile certificate.

You can speed up the processing of your application by submitting with the application:

Business plan
Result budget
From an active company, financial statements 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.

Finnvera Guarantee