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Growth Loan
A loan for established and innovative companies that want to grow faster than their own finances allow.
What is Growth Loan?
Growth Loan is designed for innovative small and medium-sized limited companies that are in, or about to enter, a growth phase and want to grow faster than their own finances or standard bank financing would normally allow.
The loan is aimed at companies with a clear expansion plan that need capital to take the next step in their development.
What can I use Growth Loan for?
Growth Loan can be used for initiatives that create sustainable growth and profitability.
For example:
- development of innovations and business ideas
- investments
- expansion into new markets
- recruitment
- digitalisation
- working capital
- acquisitions
The investment should have a clear commercial purpose and contribute to the company’s continued development.
How much can I borrow with a Growth Loan?
With Growth Loan, you can borrow up to SEK 10 million. The loan amount is assessed based on the viability of the business idea, the company’s repayment capacity and the competence of the management team. How the financing is shared between Almi and other parties depends on the scope and risk of the investment.
Is co-financing required for Growth Loan from Almi?
Yes, Growth Loan normally requires co-financing. Almi’s share of the financing is adapted to the company’s total capital need and other co-financing, for example from owners, banks or other external financiers.
In most cases, Almi finances between 30 and 50 percent of the capital need. Depending on risk and assessed repayment capacity, the share may be lower or higher.
Favourable conditions
Thanks to a guarantee from the European Investment Fund, the Green Loan comes with more beneficial terms compared to Almi’s standard loans.
This includes:
- Longer loan term
- Initial grace period (no repayments)
- Lower interest rate
Almi is a government-owned organisation with no profit interest of its own, focusing entirely on small and medium-sized enterprises.
Our loans are complementary to the market. This means we don’t compete with banks or private financiers – instead, we often work in partnership with you and your bank.
Funded by the European Union
Financing through the Growth Loan is granted with support from the European Union under the InvestEU Fund.
InvestEU was established to support the EU’s policy goals, including competitiveness, growth, employment, and sustainability.
You get more than just a loan
When you take out a business loan, you don’t just get financing — you also get dialogue around your company’s finances, priorities and long-term development.
Customers, businesses and the planet are placing higher demands on companies. Being able to demonstrate your sustainability efforts may be the reason customers choose your company over others.
Understanding how your income statement and balance sheet are connected — and how they affect cash flow — makes it easier to stay in control of your profitability.
With a clearer understanding of how different goals and actions impact your company’s finances, you can ensure that the loan is used where it creates the most value.
Frequently asked questions about Growth Loan
Who can apply for Growth Loan from Almi?
You can apply for Growth Loan if you run a company registered in Sweden with up to 250 employees.
Growth Loan is suitable for established companies that have a plan for growth or development. You do not need to have a bank partner in place before applying, but it is common for a bank to finance part of the investment.
What collateral is required for Growth Loan from Almi?
Collateral requirements vary depending on the company’s situation and the nature of the investment.
Typically, a business mortgage is combined with a limited personal guarantee. Your advisor will review what collateral is required based on your company’s conditions.
How does the interest rate work for Growth Loan from Almi?
The interest rate for Growth Loan is set individually, based on the level of risk in your company and the portion of the investment financed by Almi.
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 is the repayment period for Growth Loan from Almi?
The repayment period for Growth Loan ranges from a minimum of 12 months up to 84 months.
The term is adapted to what you are financing and your company’s ability to repay the loan. Your advisor will help you set up a repayment plan that is reasonable and sustainable for your business.
What documentation do I need to apply for Growth Loan from Almi?
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.
How long is the processing time for Growth Loan from Almi?
Processing time is normally around 3–4 weeks from the moment your application is complete.
It may take longer if additional information is required. Your advisor will contact you if anything needs to be supplemented.
Can I combine Growth Loan with other financing solutions?
Yes, you can combine Growth Loan with other financing solutions, such as bank loans, equity or other investors.
Often, it is the combination of several financing sources that makes an investment possible.