FAQ about Micro Loan

Micro Loan is a smaller loan for micro-enterprises and sole traders in Sweden — that is, businesses with up to nine employees and an annual turnover or balance sheet total below EUR 2 million — who may find it difficult to access credit.

The loan is used for forward-looking initiatives in the business and comes with simpler collateral requirements, making it a good option at an early stage or when the capital need is limited.

Micro Loan is a good option when you want to make a smaller investment to get started, test something new or take the next step in your business.

The loan is suitable, for example, if you want to invest in equipment, develop a service, strengthen your digital presence, test a new market or improve your company’s liquidity.

Micro Loan has simpler collateral requirements and normally does not require co-financing, making it an accessible option even when a bank is unable to help. At the same time, you receive dialogue and support that strengthen your company’s finances and long-term development.

You can apply for Micro Loan if you run, or are about to start, a company registered in Sweden with up to 249 employees.

Micro Loan is primarily aimed at start-ups and early-stage companies that need financing to establish themselves or take the next step, but it may also be suitable for established companies with smaller investment needs.

Private individuals cannot apply — you must have, or start, a company.

Micro Loan can be used for most initiatives that help develop your business. This may include investments in equipment, marketing activities, product development, digitalisation, recruitment or strengthening your company’s liquidity.

The loan should be used for a forward-looking initiative that helps you grow or take the next step.

With a Micro Loan, you can borrow up to SEK 250,000. The exact amount depends on your company’s needs, repayment capacity and the level of risk associated with the investment.

No, Micro Loan normally does not require co-financing. This makes it a good option for companies that are unable to obtain a bank loan or need to get started quickly.

The interest rate for Micro 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.

For Micro Loan, a limited personal guarantee of 10 percent of the loan amount is required. Your advisor will review the collateral requirement with you and ensure that it matches both the risk and your company’s situation.

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. Together, you will review your company, your plans and which financing solution is most suitable.

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

If your company has financial statements, you should attach:

• a budget
• 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.