New entrepreneur, have you remembered these in your banking?

The insurance companies If and Varma are Nordea’s partners in insurance policies meant for corporate customers. 

Varma secures an entrepreneur’s pension with pension insurance (YEL). Pension insurance is statutory for all entrepreneurs whose business activities will continue for at least four months and whose annual YEL income will exceed the minimum limit. Entrepreneurs must also pay their share of their employees’ pension through statutory employee pension insurance (TyEL).

Entrepreneur's MyLife personal insurance is an insurance policy provided by Nordea, which covers you against serious illness, disability and death. MyLife will give you financial peace of mind particularly if you have children or if you are the main provider for your family. MyLife will also provide cover against your business partner’s death as part of your shareholder agreement.

A new entrepreneur can apply for corporate financing from us by filling in a financing application at nordea.fi or in Nordea Business. Before you apply, you should have a completed or preliminary business plan prepared to enable a smooth financing process, including making an assessment of the necessary loan amount. 

You can use your home equity or other similar assets as collateral for your business loan. New companies can also apply for a Start Guarantee from Finnvera.

A loan taken from a bank is a transparent and reliable financing method for an entrepreneur. We will not take a share of your company’s revenues, but only require you to repay the original loan amount, interest and expenses.

You should prepare for your company’s unexpected expenses or future investments in good time. Saving, investing and cash management are different ways to manage your company’s assets and prepare for the future.

In our first meeting, arranged either online or over the phone, we will listen to your aspirations and answer any questions you may have about how you should start saving. Even if you run a flourishing business or are flooded with orders, you should also consider ways to safeguard your growing wealth. 

Our savings specialists will help you get started with saving in funds and equities. 

Do you want to handle your company’s bookkeeping by yourself or will you authorise an accounting firm or a property management company to transmit payment files on your company’s behalf? Authorising an external partner to handle account statements and other payment files makes your life as an entrepreneur easier and less hectic. 

Accounting firms often make proactive suggestions to companies about efficient ways to handle the financial administration. You can give a digital power of attorney and send it to us. We will then return the document to you for signing within five banking days.