Buyer credit 

• Used to finance Finnish exports of capital goods—available for individual transactions, bank-related and project-related credit lines, ship financing, forfaiting, and leasing
• It is security to the lender in case of a credit risk caused by a foreign buyer, the buyer’s bank, or country
• Exporter receives cash payment for goods sold on credit, while the buyer’s credit risks are transferred to the lender and further to Finnvera
• Cover:
  -Commercial: Up to 95%
  - Political: Up to 100% 
• The guarantee can also be used for short-term exports if the buyer provides the exporter with a transferable credit instrument, such as a bill of exchange or promissory note
• The guarantee can be granted to domestic and foreign financial institutions

SME supplier credit

• Start Guarantee: Makes it easier for a Finnish enterprise to get a bank loan intended for newly launched enterprises owned by private individuals and meet the SME definition applied by the EU
• Restrictions:
  - Does not provide financing for enterprises operating in sectors including farming, forestry, and the building developer’s business
  - The state aid rules of the EU restrict the use of Start Guarantees for financing the acquisition of transport vehicles and equipment in freight transport on behalf of third parties financing company acquisitions or purchases of business premises 
• Start Guarantees are based on an agreement on guarantee arrangements for credit, signed between Finnvera and the banks, to make it possible to guarantee small loans by sharing the risk with the bank concerned
• Credit terms of:
  - Up to 80%
  - The total sum of Start Guarantees granted to one enterprise may not exceed EUR 80,000
• Security: Collateral of at least 25% of Finnvera’s guarantee sum
• Amount: Minimum EUR 5,000
• Fees:
  - The guaranteed commission is 2.5% per annum on the guarantee sum
  - A handling fee will also be charged
• Prerequisite: The enterprise and the person liable for the enterprise must have a good credit record

Other products

• Ship guarantee: Intended as security for credits granted to Finnish companies engaged in shipping or shipbuilding
  - Cover available for both domestic and foreign credits
• Guarantees available for internationalization, export, environmental, credit risk, export receivables, bill of exchange, L/C, bank risk, investment, bond, finance, and raw materials
• Finnvera loan: For use by newly established and existing SMEs to finance domestic construction, machinery and equipment investments, and energy and environmental projects
• Entrepreneur loan: Personal loan to an entrepreneur used to finance investment in the share capital of a limited company and/or in the fund of invested unrestricted shareholder’s equity; available to finance the purchases of shares in an existing limited company
• Internationalization loan: Intended for financing the business operations of a Finnish SME abroad
  - SME must have less than 250 employees
  - Annual turnover does not exceed EUR 50 million or its balance sheet is less than EUR 43 million
  - Tenor: Up to 10 years with a 2-year grace period
  - Interest rate: 6-month EURIBOR + margin that is priced on the company’s printability, business operating risk, target country, and security pledged
  - Fees: Annual guarantee commission and a handling fee
• Growth loan: Provided to SMEs and midcap companies for the financing of major growth or internationalization projects and corporate restructuring
• Export receivables loan: For refinancing the export receivables of Finnish enterprises engaged in the export of capital goods
• Bridge financing: A loan to meet a company’s need for working capital during the period between a positive grant decision made by a Centre for Economic Development, Transport and the Environment (ELY Centre) and the actual payment of the grant
• Bond financing: Finnvera may mark bonds issued by companies that meet the EU definition of an SME