When you apply for a corporate loan or credit, it is important to keep in mind certain basic requirements for granting loans and credit. When making a loan decision, we consider your business idea, the purpose of the loan and your company’s financial standing, among others.
How to apply for a business loan? We want to support and help you turn your business idea into reality and grow your business. But first, we must know a little bit more about your business and your plans before we can offer a long-lasting finance solution for your company. Think of us as your business partners.
| Your company and business idea | We must know your company’s risk profile and business idea and the sector it operates in We review the outlook for your market and sector |
|---|---|
| The purpose of the loan | We must know the purpose of the loan (eg purchasing equipment or office furniture) One reason for acquiring funding may be to cover ongoing expenses |
| Your company’s financial standing | We must ensure that credit does not affect your profitability
Your company must be able to afford the interest payments and loan repayments We review your total profit and balance sheet when evaluating the profitability of your business. We check your receivables and assets as well as your income and expenses now and in the future. |
| Your company's ownership and management | We must know your company structure; for example, if the company is part of a group, who owns the company and who runs the company |
| Your guarantee | We require a guarantee or security for the loan to minimise the risks to both parties The guarantee can be eg immovable property, stock or receivable (floating charge) |
If you are a Nordea corporate customer and are applying for less than EUR 50,000 of financing, log in to Nordea BusinessOpens new window and fill in a financing application.
In order to process your application, we need the following information:
Send all necessary attachments via Nordea OmapostiOpens new window. You can log in to Nordea Omaposti using any Finnish bank’s personal online banking codes. Select “New message” and the topic “Loans” in Omaposti. Write “Attachments to a corporate financing application” as the subject of the new message.
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