For whom is start-up loan designed?The start-up loan with KredEx guarantee is suitable for starting enterprises and those having operated for up to three years for financing of investments and operating capital. The start-up loan helps if there are difficulties in starting a company due to a lack of start-up capital, and there are no sufficient guarantees for bank loans or operational history. Unlike a conventional bank loan, fewer guarantees are required from an entrepreneur in the event of a start-up loan. Generally, the personal surety of the physical owners of the loan recipient is sufficient to guarantee the loan. The personal liability of the surety provider is 40% of the loan amount, if the loan is used for the intended purpose.
What are the main requirements to an applicant?
Necessary documents and additional materialDocuments Application form of start-up loan (to be filled by the customer account manager at the bank) Additional material |
How to apply for the start-up loan?To apply for the start-up loan, one must contact a bank that shall submit a loan guarantee application to KredEx. If information necessary for making the decision exists, KredEx generally makes a guarantee decision for the start-up loan within two weeks. In the event of a positive decision by the bank and KredEx, the bank shall issue the start-up loan. Free consultation for preparing a business plan necessary for applying for the start-up loan can be obtained from Enterprise Estonia’s county development centres. More detailed information is available at KredEx or banks. Start-up loan is issued by the following banks: Krediidipank, Nordea Bank, SEB Bank, Swedbank, Versobank. The start-up and micro loan guarantee programme is financed from the European Social Fund in years 2008 to 2015. ContactsIn matters regarding start-up loan, please contact our client managers:
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Start-up loan
Start-up Loan is suitable for starting enterprises and those having operated for up to three years for financing of investments and operating capital.
