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 25% 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?In order to apply for the start-up loan it is necessary to contact a bank that will forward the application to KredEx. Having received all the information necessary for decision-making, KredEx issues a decision generally within two weeks. The bank issues the start-up loan based on the positive decision of the bank and KredEx. Free consultations regarding the preparation of a business plan necessary to apply for the start-up loan are offered by county development centres. More detailed information is available from KredEx or banks. Banks issuing the start-up loan: Citadele, Luminor, SEB Bank, Swedbank, Versobank and Tallinna Äripank. The start-up loan is financed from the European Regional Fund.
ContactsPlease read the start-up loan terms and consult our customer account managers if necessary.
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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.
