FAQ about 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 and a need for capital to take the next step in their development.

Growth Loan is a good option when you run an established company and want to grow faster than your own finances or traditional bank financing can support.

The loan is particularly suitable for initiatives involving expansion, increased production, entry into new markets or other investments that strengthen your company’s competitiveness.

With Growth Loan, you get more than just financing — you also benefit from dialogue and support that take both risk and potential into account. This creates better conditions for planning growth and carrying out your investment in a sustainable way.

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.

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.

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.

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.

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.

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.

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.

You apply for Growth Loan 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, your investment and which documentation is needed to assess your application.

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.

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.

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.