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Business loan – apply for a loan for your company. Compare the offers and select the cheapest financing for your company

You can apply for a loan also without collateral – you will receive the credit decision the same day.

Loan amount

€30,000

Loan period

18 months
€1,807/kk
Estimated monthly installment
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  • FreeFree application
  • No commitmentsNo commitments
  • QuickLoan offers on the same day

Yleistiedot

Lainan tarkoitus
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The loan period can be 1–60 months. Example: if the loan sum is 10,000 €, the interest rate is 7%, and the repayment period is 12 months, the setup fee is 0 €, the monthly repayment is 865,27 €, the sum repayable is 10 383,24 €, and the annual percentage rate of interest is 7,23%.
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The loan period can be 1–60 months. Example: if the loan sum is 10,000 €, the interest rate is 7%, and the repayment period is 12 months, the setup fee is 0 €, the monthly repayment is 865,27 €, the sum repayable is 10 383,24 €, and the annual percentage rate of interest is 7,23%.

You can apply for a loan also without collateral – you will receive the credit decision the same day.

Ask for tenders and compare business loans easily

There are times when running a business when external financing is necessary. You can apply for a business loan to enable your investments, such as machine purchase, recruitment or maybe a business acquisition. You can also apply for a business loan for some short-term need or to fix a temporary cash deficit.

Comparing business loans can be laborious and the time spent on that would be away from what is important, that is, running your business. Through Sortter, you can, by submitting a single application, get business loan offers quickly, maybe even during the same day. It only takes a few minutes to fill in the application. 

  • Compare business loan tenders we provide to you for free
  • Unsecured business loan for up to 250,000 euros 
  • For loan sums in excess of 250,000 euros, real security is usually required 
  • Repayment period 1–36 months
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Loan for business needs

You can apply for a business loan by entering the loan sum and loan period. Whether it concerns the purchase of a piece of equipment you have been planning to buy for a long time or starting a new business area, you should always ask for tenders. A carefully chosen business loan is a flexible and quick way to finance your business operations. 

When applying for a business loan, you have to indicate its main purpose.

You can apply for a business loan for the following

  • Purchases
  • Hiring of employees
  • Marketing
  • Filling up your stock
  • Refinancing of an earlier debt
  • Expansion/renewal of premises
  • Working capital

Unsecured and secured business loan

You can apply for a business loan without real security for up to 250,000 euros. Sometimes loan providers may demand a personal guarantee by the person in charge of the loan to ensure repayment. Some loan providers demand no guarantee.

For sums in excess of 250,000 euros, usually collateral is required. This can be in the form of real property, operating premises, book-entry securities or business mortgage. 

As with any other loan, it is wise to ask for tenders for a business loan. Once you have filled in the application, you may receive tenders already during the same day. Compare the offers and their terms and choose the best financing offer.

Compare business loans and find an affordable loan for your company

Who can apply for business loan?

All companies that are registered to Finnish Trade Register and are creditworthy can apply for business loan. The person applying for business loan must have authority to sign the loan agreements behalf of the company.

Business loan can be applied by

  • small and medium-sized companies
  • new businesses
  • companies registered to Finnish Trade Register
  • a person, who has authority to sign the loan agreement behalf of the company

The following business entities can apply business loan

  • limited liability company
  • cooperative
  • limited partnership
  • general partnership
  • sole trader

Business loans also for new businesses

Startups are rarely short of enthusiasm, but more often hampered by inadequate funds. A business that has just started may have challenges not only in securing financing but also by the sheer high price of it.

Often businesses are expected to have been in operation for several years before they are granted a loan. Through Sortter, also startups can apply for a loan to increase their business and become properly established.

The following may affect the interest rate and costs of a business loan

  • Business loan amount
  • Repayment period
  • Company’s liquidity
  • Creditworthiness of persons in charge
  • The company outlook

Quick loan to businesses

Need a loan for your business and can’t wait? Our partners respond to applications on business days during the same day, and the loan may even be transferred to your business on the same day an application is approved. A business loan is suitable for both sudden needs and anything else you may have been planning for longer.

In order to get access to funds quickly, have available your latest figures of your company’s accounts and also financial statements as you fill in the application, because most loan providers need figures from these when making a decision. The sooner you can submit your financial details, the sooner you will get the funds. 

Have at least the following handy

  • Latest financial statements
  • Accounting for the financial year

Comparing business loans

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The best business loan is found by comparing the offers

A business loan with the lowest interest rate is not necessarily the cheapest option. When comparing business loans, also check the overall costs, that is, not only the interest rate but also any opening fees and account management fees. 

All costs related to the business loan will be itemised in your loan offers. The loan that is really the cheapest has the lowest interest costs and handling fees. Remember to read the loan terms carefully before making up your mind.

Frequently asked questions about business loans

  • Loans can be applied for by Finnish companies which have been entered in the Trade Register and have a good credit status. The person applying for a loan for the company must have the right to sign for the company.

  • The interest rate for a business loan is always determined on the basis of the loan provider’s overall assessment, the key factors being the company’s industry, outlook and a risk assessment conducted of the company. The higher the loan capital applied for, the lower the interest usually is.

  • A business loan can be applied for by the following types of company: Limited liability company, co-operative, limited partnership, general partnership and a private trader with a business name.

  • You will need to fill in your personal and contact details and the company name and business ID.

  • Yes. Sortter will always provide loan offers that are adapted to your company’s situation.

  • Yes. The backgrounds and creditworthiness of the company’s persons in charge will affect the business loan’s price and terms. If these person’s private finances are in order and their business connections are positive, chances are that you will get a business loan at better terms. If the person in charge has problems with their personal finances, such as late loan repayments and overdue invoices, or if they are involved in companies with poor liquidity, the company loan may be offered at a higher price or not granted at all.

  • The loan repayment period ranges from one month to two years, enabling you to choose flexibly a monthly instalment that suits your company. However, a short-term business loan is generally more expensive than if you choose a longer loan period.

  • Whether premature payment is possible is indicated on your loan offer.

  • Organising financing depends on the company.

  • Not necessarily, but usually investments require capital – either the entrepreneur’s own funds, money from investors or borrowed money. 

  • Yes. Some loan providers offer payment holidays of a few months for business loans? See the loan offers if payment holidays apply to those offered to you.

Business loan – compare business loans today

You should always request tenders for business loans, because the lowest interest rate does not automatically mean it is the cheapest overall. So when comparing business loans, also check the overall costs, that is, not only the interest rate but also any opening fees and account management fees.

All costs related to the business loan will be itemised in your loan offers. Remember to read the loan terms carefully before making up your mind.

Business loans can be different, so let us get competitive tenders for them on your behalf. We will put this in order of price, making it easy for you to pick the cheapest alternative. Accepting a loan offer is also easy to do in the Sortter online service.

When you get competitive tenders through Sortter for your business loan, you can be sure you will not be paying for anything extra.

Get competitive tenders for business loans by filling in a business loan application already today.

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