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Business loans—Frequently Asked Questions

Do you have a question about applying for business loans? Here, you can find answers to the most frequently asked questions about business loans.

These days credinord.com only works as a loan comparison service. If you have previously received a loan from CrediNord, please be in contact with Riverty Finland:

Riverty customer service
+358 20 7229 440.
asiakaspalvelu.fi@riverty.com
Customer service open mo-thu 8-17 and fri 9-17.

  • #businessloanpricing

    The cost of all business loans is calculated on an individual basis. The pricing is usually based on a risk assessment and an estimate of a company’s ability to pay. To see the exact costs of a loan for your company, you’ll need to apply for a loan. Filling in and submitting a loan application does not bind you to anything.

  • #businessloansecurities

    Loans up to 250 000 € do not require securities. What matters is that you and your company have been taking good care of your business affairs. Loans over 250 000 € do, however, require a personal guarantee where the entrepreneur acts as a guarantor.

  • #businessloanamount

    The maximum amount in our loan comparison service is 10 000 000 €.

  • #businessloanmonthlycost

    It is in the company’s own interest to know in advance the total monthly costs of a loan. With a fixed cost, you know what your payment commitments are, and there are no surprises.

  • #businessloanrequirements

    The company or the person applying for the loan can’t have payment default entries. Loan can be applied for by Finnish companies that are in the trade register and have creditworthiness. The person who applies for a loan, needs to have the authority to sign for the corporation.

  • #businessloanapplication

    Applying for a business loan through our loan comparison is fast and straightforward. All you need to provide in your application is the loan amount, the payment period, the purpose of the loan and the company’s and its guarantor’s contact details.

  • #businessloanapplicants

    Any entrepreneur with the authority to sign the company’s documents can apply for a business loan. The business loan can be granted to any company, irrespective of its size.

  • #businessloancosts

    The costs of a business loan vary from one company to another. You can use a loan calculator to get a preliminary estimate, but the exact details will be provided to you only after you submit a loan application. Filling in and submitting a loan application does not bind you to anything.

  • #businessloanwithdrawal

    To receive the loan as fast as possible, it’s recommended to have the latest bookkeeping and accounts settlement information on hand, as most lenders need that information when making a decicion. As soon as you’re able to deliver that information, the sooner the loan is transferred. Non secured loans can be acquired faster than secured ones.

  • #businessloanterms

    The entrepreneur acts as a personal guarantor for the business loan. The loan terms and exact fees are clearly established in the loan agreement.

  • #applyingforbusinessloan

    Applying for a business loan is simple. All you need to do is fill in the loan application form on our website. You’ll receive loan offers to your email earliest on the same day.

  • #businessloantaxbenefits

    Yes, the business loan expenses may be deducted for tax purposes. Please discuss the most suitable way to do this with your accountant.

  • #businessloanproviders

    The way we work with business loans is not only quick and simple but also clear and flexible. It takes just a minute to fill in our loan comparison application, and you can have loan offers in your email on the same day.

  • #businessloancustomers

    Companies that are based in Finland, and that have no record of payment defaults can use our loan comparison service to apply for loans. The companies must have a clean credit record and be actively in business.

  • #businessloanpaymentdefaults

    Unfortunately, a business loan can’t be granted if you or your company has a record of payment defaults.

  • #businessloanfinland

    Yes. In order to be able to apply for a business loan, the company must be registered in Finland, and its head office must be located in that country as well.

  • #businessloanprerequisites

    No, not necessarily. Banks always perform a risk assessment and estimate the company’s ability to repay the loan. If the company doesn’t have a history of payment defaults and it is able to pay monthly instalments, it is not required have a positive balance.

  • #businessloanriskassessment

    Banks perform a comprehensive risk assessment for any company applying for a loan. Among other things, they examine its turnover, results and balance sheet. The final loan decision is always based on a comprehensive assessment of the company’s risk level.

  • #businessloanguarantor

    Getting a business loan over 250 000 € requires at least one personal guarantor. Loans up to that amount do not require a guarantor.

  • #businessloanpurposes

    It is possible to use the business loan for any purpose that promotes the company’s business potential.