Green business loan
A loan for Finnish companies investing in renewable energy, energy efficiency or other sustainable projects, with terms assessed individually.
Diese Finanzierungsmöglichkeit ist derzeit auf Englisch beschrieben.
You can finance solar or wind energy, ground-source heating and cooling, energy storage, and improvements to the energy efficiency of infrastructure, technology or processes. Other examples include low-emission vehicles and their infrastructure, environmentally certified buildings, buildings whose energy certificate gives them class A or B, green energy for buildings, and sustainable forestry or agriculture investments.
Business loans start at €20,000. The bank agrees the amount, loan term and other financing conditions with your company. You borrow money that must be repaid and pay interest consisting of a reference rate plus the bank’s margin; business loans usually use 12-month Euribor. The margin depends on factors including your company’s finances, repayment ability and offered security. Qualifying green loans may receive better terms than ordinary loans.
A Finnvera guarantee or joint financing with Finnvera’s climate and environmental loan is an optional possibility.
Eligibility
Your company must be Finnish and make environmentally sustainable investments that promote renewable energy or support energy efficiency or a circular or low-emission economy. Both your company and the project must meet the bank’s green-loan criteria, assessed case by case during the application. It considers environmental performance, corporate responsibility and good governance, known as ESG criteria.
The loan amount depends on your company’s solvency, profitability and ability to meet payments. A guarantee or collateral is often required. The bank checks credit information during the application process.
How to apply
- Status
- Laufende Antragstellung
- Beschränkungen dieser Antragsrunde
- Applications are assessed individually; personal online banking credentials from a bank operating in Finland are required for the online application.
Start the business loan application on Säästöpankki’s official loan page and identify yourself with personal online banking credentials from a bank operating in Finland. You can apply even if you are not already a customer, and submitting the application does not commit you to taking the loan.
The bank contacts you for additional information and attachments before giving an offer. It needs information about the investment, your company and proposed security. Examples include financial statements, a cash-flow calculation and an investment plan; current-year accounting may be requested if the latest financial statements are more than six months old. Attachments are requested later in the process. If you accept the offer, you sign the loan papers.
You can also book an online meeting through the bank’s contact page even if you are not yet a customer.