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- Start-up loan
Start-up loan
Working capital or investment financing
- Offered to companies that have been operating for 3 or fewer years
- We do not expect you to have collateral
- KredEx guarantee
Start-up loan is a great option for launching a business and acquiring extra capital. Start-ups that do not have collateral or for whom setting up collateral would be too expensive and time-consuming can borrow against the surety of KredEx and the company's owners.
| Terms and conditions | |
|---|---|
| Loan amount | 3,000-100,000 euros, up to 50,000 euros for working capital financing |
| Term | Up to five years |
| Currency | Euro |
| Collateral | Sureties of the individuals who own the company, which must be 25% of the loan amount |
| Contract fee | 1,5% of the loan amount * |
* A charge arising from obligations (commitment fee) may be applied during the loan disbursement period.
Required documents
- Loan application
- Annual report for the financial year ended and the most recent interim report for the current financial year. The most recent financial information should not be older than 120 days.
- A business plan or description of how the loan will be used.
- Financial forecasts for the next 3 years.
- CV-s of the key persons of the company.
- Personal data sheets of providers of surety on the bank’s form.
- Additional documents for analysing the loan if necessary.
Application
To apply for the loan, please send an application via Internet bank, SEB homepage or contact a business client executive.
Start-up loan is issued in cooperation with KredEx.
| Private person | |
|---|---|
| 1. Home loan, mortgage loan | |
| - agreement conclusion | 1% of the loan amount, min. EUR 250 |
| - agreement amendment (1) | up to 1% of the remaining loan, min. EUR 250 |
| - changing the payment date once in a year | free of charge |
| - changing the payment date as of the second change of payment date in one year | EUR 20 |
| - change of the current account(s) related to the loan | EUR 20 |
| - extending the loan disbursement period | EUR 50 |
| - grace period for the principle amount of the loan | EUR 50 |
| 2. Consumer loan | |
| - agreement conclusion | 1,5% of the loan, min. EUR 35 |
| - agreement amendment (1) | EUR 35 |
| - changing the payment date once in a year | free of charge |
| - changing the payment date as of the second change of payment date in one year | EUR 20 |
| - change of the current account(s) related to the loan | EUR 20 |
| - grace period for the principle amount of the loan | EUR 20 |
| 3. Overdraft | |
| - agreement conclusion | 1,5% of the credit limit, min. EUR 20 |
| - agreement amendment (1) | EUR 15 |
| - increasing the loan amount | 1,5% additional credit limit, min EUR 20 |
| - changing the payment date once in a year | free of charge |
| - changing the payment date as of the second change of payment date in one year | EUR 20 |
| 4. Student loan | |
| - agreement conclusion | free of charge |
| - agreement amendment (1) | free of charge |
| - amending the student loan repayment schedule | free of charge |
| 5.Endowment loan | |
| - agreement amendment (1) | up to 1% of the remaining loan, min. EUR 250 |
| - changing the payment date once in a year | free of charge |
| - changing the payment date as of the second change of payment date in one year | EUR 20 |
| - change of the current account(s) related to the loan | EUR 20 |
| 6. Limit loan | |
| - agreement amendment (1) | up to 1% of the loan limit, min. EUR 35 |
| - changing the payment date once in a year | free of charge |
| - changing the payment date as of the second change of payment date in one year | EUR 20 |
| 7. Other loan-related services | |
| -contractual penalty for the violation of the notification obligation stipulated in the agreement, incl. for not submitting the insurance policy of collateral | EUR 32 |
| - contractual penalty for the violation of any other non-monetary obligation stipulated in the loan agreement | up to 5% of the loan amount outstanding at the moment of violation |
| - re-registration of a pledge established on a building into a mortgage | free of charge |
| - reminder of debt | free of charge |
| - debt claim letter | EUR 5 |
| - certificate on paid interests (2) | EUR 4 |
| Legal entity | |
|---|---|
| 1. Investment loan | |
| - agreement conclusion | 1% of the loan amount, min. EUR 200 |
| - agreement amendment | 1% of the remaining loan /limit, min EUR 200 |
| 2. Working capital loan | |
| - agreement conclusion | 1% of the loan amount, min. EUR 200 |
| - agreement amendment | 1% of the remaining loan /limit, min EUR 200 |
| 3. Overdraft | |
| - agreement conclusion | 1% of the loan amount, min. EUR 200 |
| - agreement amendment | 1% of the remaining loan /limit, min EUR 200 |
| - increasing the loan amount/limit | 1% additional loan amount/limit, min EUR 200 |
| 4. Start-up loan | |
| - agreement conclusion | 1,5% of the loan amount |
| - agreement amendment | 1% of the remaining loan /limit, min EUR 200 |
| 5. Apartment building renovation loan | |
| - agreement conclusion | 1% of the loan amount, min. EUR 200 |
| - agreement amendment | 1% of the remaining loan /limit, min EUR 200 |
| 6. Other loan-related services | |
| - contractual penalty for the violation of any other non-monetary obligation stipulated in the loan agreement | up to 5% of the loan amount outstanding at the moment of violation |
| -re-registration of a pledge established on a building into a mortgage | free of charge |
| - reminder of debt | free of charge |
| - debt claim letter | EUR 5 |
(1) All amendments to the loan, which have not been indicated under separate clauses in the price list (incl. amendment of collateral in a notarised or other form).
(2) Commission fee applies to certificates issued at a bank office. A certificate issued automatically in the Internet Bank is free for the client (for enclosing electronically to income tax return).