Interest rates, collateral and terms
How does the interest rate work for a Business Loan from Almi?
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.
What collateral is required for a Business Loan from Almi?
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.
What is the repayment period for a Business Loan from Almi?
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.