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Ready to apply? See what you need to prepare.
How to prepare for a loan application with Almi
Being well prepared before applying for a loan makes the process smoother and can help speed up the handling of your case. Here you’ll find an overview of what the application includes, what documentation is needed, and what happens after you submit it.
What you need to be ready to answer
When you apply for a loan with Almi, you will be asked questions that help us understand your company and your planned investment. These may include:
- how much funding you need and the amount you are applying for
- what the loan will be used for
- how the investment will be financed, for example through a bank, equity or other sources
- how ownership in the company is structured
- basic information about your business and operations
If you already have a loan with Almi, you will also need to describe what has happened in the company since your last contact with us.
If you have not borrowed from Almi before
If this is your first loan application with Almi, you will also need to describe:
- what your company does and how your business model works
- the market you operate in and who your customers are
- who is behind the company and the experience of the team
You can also attach a business plan if you have one — this is optional.
Financial information (required)
You need to attach financial information as part of your application, for example:
- a budget
- your most recent annual financial statements
- current interim figures
- a liquidity or cash flow forecast
If your company is newly established or in the process of being formed, please attach a budget for the current and upcoming financial year.
If your application concerns an innovation
If your loan application relates to an initiative that is not yet on the market — such as a new product, service, process or technology — we will need to ask a few additional questions.
The purpose is to understand the idea, the customer value and the potential of the initiative. You answer the questions as best you can and review the application together with an advisor.
These questions may cover:
- which customer need your idea addresses
- how you have identified this need
- which customers or target groups the initiative is aimed at
- how the problem is currently solved
- what makes the idea new or unique
- who is behind the idea
The information helps us understand the company’s current financial situation and how it may develop over time.
Customer due diligence and credit check
For your application to be complete, you also need to fill in a customer due diligence form when submitting your loan application.
This is a legal requirement and part of Almi’s work to ensure appropriate customer knowledge.
We carry out a credit check on you as the applicant and, if the application concerns a company, also on the company’s representatives.
Read more about why we ask questions related to customer due diligence here.
Frequently asked questions about loans
Who can apply for a loan from Almi?
You can be both a new or an established business owner. You can apply for a loan from Almi if you run, or plan to start, a company that is registered in Sweden, has up to 250 employees and an annual turnover of no more than EUR 50 million, or a balance sheet total of up to EUR 43 million.
To use Almi’s services, you need to have a residence permit, be an EU or EEA citizen with right of residence, or be a Nordic citizen.
Almi’s loans are aimed at companies with a business idea that has the potential to develop, grow or transition. You don’t need to have an existing relationship with a bank before applying – Almi often complements bank financing and can take a higher risk than banks normally do.
Private individuals cannot apply for loans from Almi.
Does the company have to be started before I apply to Almi?
No, you can submit your application even if the company is not yet registered. However, the company must be registered before any approved loan can be paid out.
Do I need to submit several applications if I’m unsure which loan type is right?
No, you only submit one application. Together with the adviser, you review your needs and determine which loan or loans are most suitable. You don’t need to apply for multiple products or resubmit your application if another loan type turns out to be a better fit.