Business Loans
Competitive interest rates. Decisions in 1-2 hours, funding in 1 to 3 business days. No collateral required for most loans.
Trusted by leading financial institutions
Nordea
OP Financial
Danske Bank
Finnvera
Svea
Ferratum
Multitude
Enfuce
TL;DR
Business loans with competitive rates and terms of 3 to 120 months. Decisions in 1-2 hours. No real estate collateral required. Opening fees average 2.5%.
How Business Loans Work
A business loan is a fixed-sum credit facility. You borrow a specific amount, then repay it in equal monthly installments that include both principal and interest. The loan agreement specifies the total amount, interest rate, term length, opening fee, and any other charges before you sign. Lenders regulated by authorities such as the Financial Supervisory Authority (Finanssivalvonta) must disclose the effective annual interest rate, which includes all mandatory fees. This makes comparison straightforward. Most business loans are unsecured, meaning you do not pledge real estate or equipment as collateral. The lender assesses risk based on your company's financials, credit history, and revenue stability.
Loan Amounts
Business loans are available from 5,000 EUR. Micro-loans (5,000 to 30,000 EUR) are common for sole traders and small companies needing to cover seasonal gaps or small purchases. Mid-range loans (30,000 to 150,000 EUR) suit equipment purchases, office renovations, or marketing campaigns. Larger loans are available for established companies with at least two years of financial statements and strong annual revenue. Loan amounts are flexible and depend on your company's profile and needs.
Micro-loans
€5,000–30,000
Sole traders & small companies
Mid-range
€30,000–150,000
Equipment, renovations, marketing
Growth capital
€150,000–2,000,000
Established companies with strong revenue
Interest Rates and Fees
Interest rates are competitive and vary based on your company's age, revenue, profitability, existing debt, and the loan amount. Companies with three or more years of profitable operations and clean credit typically qualify for the best rates. Newer companies or those with weaker financials see higher rates. The opening fee is usually 2.5% of the loan amount, charged once at disbursement. Some lenders waive it for returning customers. Always compare using the effective annual rate (todellinen vuosikorko), which includes all mandatory fees.
Application to Funding Timeline
Step 1: Submit your application online with basic company details and the requested amount (about 10 minutes). Step 2: The lender reviews your financials (pulled automatically from business registers in most cases) and makes a credit decision, typically within 1-2 hours. Step 3: If approved, you receive a loan offer with the exact terms. You review and sign electronically. Step 4: Funds land in your business account within 1 to 3 business days after signing. The entire process from application to cash usually takes 2 to 4 business days.
01
Submit Your Application
Fill out the online form with basic company details and desired amount. Takes about 10 minutes.
02
Credit Assessment
The lender reviews your financials (pulled automatically from business registers) and makes a decision within 1–2 hours.
03
Review Your Offer
Receive a loan offer with exact terms. Review the effective annual rate, monthly payment, and total cost before signing.
04
Receive Funds
Sign electronically and receive funds in your business account within 1–3 business days.
Eligibility Requirements
Most lenders require: a registered company, at least 6 to 12 months of operations, minimum annual revenue of 50,000 EUR, no active payment defaults, and a clean credit record for the company and its responsible persons. Some providers accept newer companies if revenue is strong. The more documentation you provide (financial statements, tax returns, cash flow projections), the better your chances of approval and lower rates.
- ✓Registered company (Oy, Oyj, or toiminimi)
- ✓At least 6–12 months of operations
- ✓Minimum annual revenue of €50,000
- ✓No active payment defaults
- ✓Clean credit record for company and responsible persons
Types of Business Loans Available
Term loans: fixed amount, fixed schedule, the most common type. Credit lines: draw and repay flexibly, pay interest only on the amount used. Equipment financing: the purchased equipment serves as collateral, often yielding lower rates. Finnvera-guaranteed loans: government-backed partial guarantee that helps newer or higher-risk companies access bank lending. Working capital loans: short-term loans (3 to 12 months) for bridging cash flow gaps. Each type has a different cost structure and suits different business needs.
Term Loans
Fixed amount, fixed schedule — the most common type. Predictable monthly payments over 3–120 months.
Credit Lines
Draw and repay flexibly. Pay interest only on the amount used. Limits from €10,000 to €300,000.
Equipment Financing
The purchased equipment serves as collateral, often yielding lower rates. Terms match the asset's useful life.
Finnvera-Guaranteed Loans
Government-backed partial guarantee helping newer or higher-risk companies access bank lending.
Working Capital Loans
Short-term loans (3–12 months) for bridging cash flow gaps. Quick approval, minimal documentation.
Frequently Asked Questions
- What is the minimum revenue required for a business loan?
- Most lenders require annual revenue of at least 50,000 EUR. Some providers accept companies with lower revenue if they have been operating for more than 12 months and show consistent growth.
- Can a new company get a business loan?
- Companies with at least 6 months of operations can apply. Approval rates are lower for companies under 12 months old, but a Finnvera guarantee can significantly improve your chances. Expect higher interest rates (10% to 15.9%) for new companies.
- How fast can I receive the funds?
- Most lenders make decisions within 1-2 hours. After you sign the loan agreement, funds typically arrive in 1 to 3 business days. The fastest providers offer same-day funding for existing customers.
- Do I need collateral?
- Most business loans are available without collateral. For larger amounts, lenders may request a personal guarantee from company owners or a pledge on business assets. Equipment financing uses the purchased equipment as collateral.
- What is the effective annual rate?
- The effective annual rate (todellinen vuosikorko) includes the nominal interest rate plus all mandatory fees, expressed as an annual percentage. For a typical 50,000 EUR loan at 7.9% with a 2.5% opening fee over 36 months, the effective annual rate is approximately 10.1%.
- Can I repay the loan early?
- Most business loan providers allow early repayment. Some charge an early repayment fee of 1% to 3% of the remaining balance. Check the loan terms before signing. Many online lenders have no early repayment penalty.
- What happens if I miss a payment?
- A missed payment triggers a late payment fee (typically 5 to 40 EUR) and penalty interest (7 percentage points above the ECB reference rate per applicable law). Multiple missed payments result in a payment default record, which severely impacts future borrowing.
- How does a business loan affect my company's credit rating?
- Taking a loan does not automatically lower your credit rating. Making all payments on time can improve it. Missed payments, high debt-to-revenue ratios, or multiple simultaneous loan applications can negatively affect your Asiakastieto or Bisnode rating.
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