FAQ about Business Loan

Business Loan is a broad and flexible financing option for established companies that want to grow and develop. It is used for forward-looking initiatives within the business and often complements a bank loan, making it possible to carry out investments that might otherwise not be realised.

Business Loan is a good option when you want to develop, grow or transform your business and need financing that is adapted to both risk and potential.

The loan is suitable, for example, when you want to streamline operations, digitalise, invest, expand into new markets or carry out other initiatives that move your company forward.

With Business Loan, you get more than just financing — you also gain dialogue around your company’s finances, development and future priorities. This creates better conditions for making well-informed decisions and succeeding over time.

You can apply for a Business Loan if you run a company that is registered in Sweden and has up to 250 employees. The company needs to have potential for further development and the ability to repay the loan.

You do not need to have a bank partner in place before applying, but in many cases a bank finances part of the investment and Almi complements the financing with the remainder.

Business Loan can be used for initiatives that strengthen and develop your company. This may include, for example, investments in machinery or equipment, marketing activities, recruitment, digitalisation, expansion, or the acquisition of an existing business.

We do not impose formal restrictions on how the Business Loan may be used. Instead, we focus on your company’s specific needs and circumstances. The loan should, however, be used for a forward-looking initiative that creates growth or development.

There is no fixed upper limit for a Business Loan. The amount is determined based on your company’s needs, conditions and repayment capacity. How the financing is shared between Almi and other parties depends on the risk and scope of the investment.

Yes, co-financing is often required, for example from a bank, owners or other external financiers. In most cases, Almi finances between 30 and 50 percent of the capital need. Depending on the risk and the assessed repayment capacity, this share may be lower or higher.

The interest rate for a Business Loan is set individually, based on the level of risk in your company.

In many cases, Almi’s participation is a prerequisite for a bank or another financier to take part in the deal. By complementing the financing and taking on higher risk, Almi helps enable investments that might otherwise not be possible. This is also why Almi’s interest rates are normally around 2–3 percentage points higher than those of banks.

A Business Loan is usually secured with a business mortgage combined with a limited personal guarantee. The purpose is to share the risk in a reasonable way. Your advisor will review which type of collateral is most suitable for your company and your situation.

The repayment period is normally between 2 and 5 years, but it is adapted to what you are financing and your company’s ability to repay the loan. Your advisor will go through which term is best suited to your business.

You apply easily via Almi’s digital loan application service using BankID. After submitting your application, an advisor will contact you to schedule a needs-based meeting. During the meeting, you will review your company and your plans, discuss which financing solution is most suitable, and identify the documentation needed for the credit assessment.

The documentation required depends on whether your company has completed financial statements.

If your company has financial statements, you should attach:

• a budget
• the most recent annual financial statements
• current interim figures
• preferably comparative figures from the same period in the previous year

If your company does not yet have financial statements, you should attach:

• a budget
• interim figures, if available
• preferably comparative figures

The more complete your application is, the faster we can process it.

The processing time is normally around 3–4 weeks from the moment your application is complete. The time may vary depending on your company’s situation and whether additional information is required.

Yes, Business Loan are often combined with bank loans, equity or other financing solutions. In many cases, it is precisely this combination that makes an investment possible. Almi and the bank often work together to find a solution that suits your company.