For working capital credits

The working capital credit guarantee makes it easier for small and medium-sized exporting companies to obtain capital. This applies for both exporting companies and subcontractors to exporting companies. The guarantee reduces the bank’s risk associated with the borrower and increases the scope for new credit.

With a working capital credit guarantee, the bank shares the risk with EKN when offering working capital in the form of loans or overdraft facilities. EKN guarantees 50 percent of the total granted amount.

The guarantee is designed for banks or other lenders that grant credit to small and medium-sized companies with up to 250 employees and a maximum turnover of SEK 500 million.

Credit that can be guaranteed

  • When the borrower is an exporting company

EKN can issue working capital credit guarantees for loans and overdraft facilities where the capital is used to finance export activity. Capital may be required to cover expenses arising already before an export order is signed or after the agreement. This must be separate from the borrower's requirement for more long-term venture capital or equity – used in order to become established as an exporter, for example.

If the application concerns an overdraft facility or loan that is not associated with the financing of a specific export transaction, a considerable proportion of the borrower's sales must relate to exports of Swedish goods and services.

  • When the borrower is a subcontractor to an exporting company

EKN can also issue working capital credit guarantees for loans and overdraft facilities when the borrower is a subcontractor to an exporting company.

If the application concerns an overdraft facility or loan that is not associated with the financing of a specific export transaction, a considerable proportion of the exporting company’s sales must relate to exports of Swedish goods and services.

Conditions for EKN:s working capital credits guarantee

The bank shall provide the support data EKN needs to make a decision about the guarantee and the EKN premium and other conditions. The duration of the credit shall not normally exceed 24 months, and overdraft facilities shall not exceed 12 months.

Please see facts sheet for more details concerning the guarantee.

 


Read more about the guarantee

In the fact sheet, you find a description of the guarantee, the conditions and information on how to apply. Please contact us if you have any guestions, telephone +46 8 7880000.
Fach sheet, pdf
Apply via EKN Online
Application forms

http://www.ekn.se/