Business renewable energy loan
A loan for companies buying and installing solar panels, wind turbines or heat pumps for their own consumption.
Diese Finanzierungsmöglichkeit ist derzeit auf Englisch beschrieben.
You can borrow from EUR 5,000 for up to five years. For borrowing up to EUR 35,000 without real estate collateral, the published annual rate is 4.9% plus six-month Euribor, the benchmark used in the loan’s interest calculation. Larger loans secured by real estate can receive an individually offered rate.
The published investment-loan application fee is 1% of the loan amount, with a EUR 200 minimum. Amending the agreement costs 1% of the loan or limit amount, with a EUR 200 minimum. The early repayment fee is 1.5% of the amount repaid early.
Eligibility
The equipment must be purchased and installed for your company’s consumption. Collateral means property or business assets pledged as security for repayment. Published options include a mortgage on real estate, a commercial pledge over business assets or agricultural land. EIS and MES guarantees are also listed as security options.
An optional European Investment Fund (EIF) guarantee provides additional security to help your company obtain financing from the bank. You still repay the loan, and the guarantee has separate eligibility conditions. Both guarantee programmes cover fixed assets, such as long-term equipment, and working capital for day-to-day business operations, and the guarantee itself is free of charge.
- The InvestEU SME Guarantee covers financing up to EUR 2 million for companies with up to 250 employees and either annual turnover up to EUR 50 million or a balance sheet total (total assets) up to EUR 43 million.
- The InvestEU Micro Guarantee covers financing up to EUR 50,000 for companies with up to nine employees and either annual turnover up to EUR 2 million or total assets up to EUR 2 million.
These are the guarantee programmes’ financing limits; they are not the borrowing limits for this renewable energy loan.
How to apply
- Status
- nicht verfügbar
Consult the equipment supplier about purchase and installation costs, then fill out the loan application through Swedbank Estonia’s internet bank. The published process says the bank will contact you within two business days. Sign the agreement digitally, register collateral and arrange insurance if required, and the bank transfers the money to your account.
For the SME guarantee, ask your bank contact or fill in an application. For the Micro guarantee, fill in an application.