Your Finnish company would need 100k€ for 1-2 years, but how ?

Funding possibilities for internationalization

You need 100k€ for 1-2 years, but how ?

1. Apply Business Finland Kiito or Tempo funding

• For 100k€ project
• 50k€ Grant (de minimis)
• Collateral : no need, grant
• https://www.businessfinland.fi/en/for-finnish-customers/services/funding/sme/kiito/

2. Apply Finnvera bridge to be able to spend that Grant (which is paid against receipts)

• Maximum loan is around 70% of the Grant (35k€)
• Typical collateral : personal guarantee
• https://www.finnvera.fi/eng/products/loans/bridge-financing-for-the-period-preceding-the-payment-of-grants

Now, you are still missing 50-65k€ euros

3. Apply a loan from markets. See Scenarios below

Scenario 1

Apply Fundu funding. Typically the funding is in your account in 2-4 weeks.

• Annual interest is typically around 10%
• Costs around 4%
• Collateral : Personal guarantee
• https://www.fundu.fi

Scenario 2

Apply EIR guaranteed loan in Osuuspankki or Nordea

• Guarantee 50% of the loan
• Loan interest : few %
• Collateral : needed for the final 50%
• https://uusi.op.fi/yritykset/rahoitus/investoinnit/riskinjakotakaus
• https://www.nordea.fi/yritysasiakkaat/rahoitus/investoinnit/eurolaina.html#tab=SME-Initiative-Finland--takaus-PK-yrityksille

Scenario 3

Apply Finnvera loan

• Interest rate : few %
• Collateral : needed
• https://www.finnvera.fi/tuotteet/lainat/finnvera-laina