The price depends on the company
The rate of a business loan depends on the company’s financials, sector, collateral and guarantees. Almost every lender therefore asks for an application before quoting and does not publish a price. We show amounts, terms and lender type and mark when the price is negotiable. Published figures are the exception.
The market right now
We track 15 products from 15 lenders. 0 products (0%) publish a rate; for the rest the price is negotiable or not published.
In this category lenders do not publish a rate for now, so the price depends on the applicant.
Data updated automatically.
Example calculation
What a 50,000 € loan over 5 y costs at different rate levels (annuity, excluding opening and monthly fees).
| Rate | Monthly payment | Total interest | You repay in total | |
|---|---|---|---|---|
| Example rate 5% | 5.00% | 944 € | 6,614 € | 56,614 € |
| Example rate 10% | 10.00% | 1,062 € | 13,741 € | 63,741 € |
| Example rate 15% | 15.00% | 1,189 € | 21,370 € | 71,370 € |
No rates are published in this category, so the calculation uses generic example rates.
Indicative. The actual cost depends on the lender’s pricing, fees and repayment method.
How a business loan is priced
The lender assesses the company’s financials, sector, ability to pay and collateral, and these decide the rate or a fixed monthly fee. That is why few lenders publish a price. Published figures are the exception and should be read as an example, not a promise.
Bank, finance company or crowdfunding
Banks are credit institutions supervised by the Finnish FSA. Lending to businesses from its own balance sheet by finance companies outside the banks is as a rule not licence-bound in Finland, so their terms and financial standing deserve extra care. In crowdfunding the funds are raised from investors, and the provider is a supervised category of its own.
Collateral and guarantees
Security can be real estate, equipment, the owner’s personal guarantee or a Finnvera guarantee. Finnvera can give a guarantee for a bank loan, which helps when the company’s own collateral is not enough. The price of the guarantee depends among other things on the company’s risk class and the credit period, and the guarantee is usually applied for through the bank.
Consumer protection does not apply
The interest cap and cost cap of consumer credit apply to consumers, not to businesses. Contract terms, such as early-repayment costs or the release of collateral, can be agreed more freely. Read the terms carefully and ask your accountant or a lawyer for an assessment if needed.
Prepare the application
- Latest financial statements and current profit and cash-flow figures.
- An account of what the loan is for and how it will be repaid.
- A proposal for collateral and guarantees.
- A comparison of offers on the same starting data from at least two lenders.
What a business loan is used for
A business loan finances investments, growth, working capital and acquisitions. The purpose affects which product fits: a term loan suits a long-term investment, a credit line suits seasonal swings and invoice financing suits receivables. Choose the product by need so that costs stay reasonable.
Points to watch when comparing
Beyond the rate, compare opening and monthly fees, early-repayment costs and the terms for releasing collateral. Ask whether the loan has covenants, meaning conditions whose breach lets the lender call the loan. Request the offer in writing and compare it on the same starting data.
Lenders in brief: business loan
Business loan is a loan granted to a company for investments or working capital. Below, every lender we track has its own short profile. For each you see the published price, any margin, the amount and term, and a link to the lender’s profile. Order: by published rate from lowest to highest, unpriced last; data as of 07/10/2026.
Alisa Pankki – business loan
Bank: price negotiable / not published; amount 10,000 € – 1,000,000 €; term up to 5 y. Read more: Alisa Pankki.
Blue Finance – business loan
Lender: price negotiable / not published; amount 1,000 € – 10,000 €; term 1 mo – 1 y. Appears in the Finanssivalvonta register of supervised entities. Read more: Blue Finance.
Business Credit – business loan
Finance company: price negotiable / not published; amount 2,000 € – 100,000 €; term up to 4 y. Read more: Business Credit.
CapitalBox – business loan
Finance company: price negotiable / not published; amount 5,000 € – 3,000,000 €; term up to 6 y. Read more: CapitalBox.
Danske Bank – business loan
Bank branch: price negotiable / not published; amount 10,000 € – 5,000,000 €; collateral required. Appears in the Finanssivalvonta register of supervised entities. Read more: Danske Bank.
Finnvera – business loan
State financier: price negotiable / not published; amount 10,000 € – 80,000 €. Read more: Finnvera.
Fundu – business loan
Finance company: price negotiable / not published; amount 25,000 € – 2,000,000 €; term up to 5 y. Read more: Fundu.
Kasvurahoitus – business loan
Lender: price negotiable / not published; amount 2,000 € – 250,000 €. Appears in the Finanssivalvonta register of supervised entities. Read more: Kasvurahoitus.
Nordea – business loan
Bank: price negotiable / not published; amount 2,000 € – 10,000,000 €; collateral required. Appears in the Finanssivalvonta register of supervised entities. Read more: Nordea.
Norion Bank – business loan
Bank branch: price negotiable / not published. Appears in the Finanssivalvonta register of supervised entities. Read more: Norion Bank.
OP – business loan
Bank: price negotiable / not published; amount 5,000 € – 5,000,000 €; term up to 10 y; collateral required. Appears in the Finanssivalvonta register of supervised entities. Read more: OP.
Qred – business loan
Bank branch: price negotiable / not published; amount 5,000 € – 500,000 €; term up to 3 y. Read more: Qred.
Siltaraha – business loan
Finance company: price negotiable / not published; amount 1,000 € – 300,000 €; term 1 mo – 3 y. Read more: Siltaraha.
smeGo – business loan
Finance company: price negotiable / not published; amount 100,000 € – 2,700,000 €; term 3 mo – 3 y. Read more: smeGo.
Banks and other lenders: how the difference shows
Banks and non-bank lenders price business loan differently, so we separate them. The table shows the range of published rates for each group.
| Group | Products | Lowest | Median | Highest |
|---|---|---|---|---|
| Banks | 6 | – | – | – |
| Finance companies and others | 9 | – | – | – |
The gap between the group medians is 0.00% points. It partly reflects the funding source and risk appetite: a bank funds loans with deposits, a finance company from other sources, and pricing is based on the applicant’s risk. More on the groups: banks and finance companies.
How to read the business loan table
The table is made for comparison, but the figures need interpreting. The following three points help you avoid the most common misreadings.
Starting rate and your own rate
The rate in the table is the starting price or low end of a range the lender publishes. In business finance the price depends on the size of the company, its sector, collateral and ability to pay, so your own price can be clearly higher. Use the figure as a starting point, not as an offer.
Margin and reference rate
If the table shows a margin and Euribor, the total rate is their sum. Euribor changes, so the monthly payment can change during the term. The margin is the bank’s own share and often stays the same. In a fixed-rate product the rate does not change during the contract period.
Amount and term
Amount and term limits show what need the product was designed for. If the amount you need is outside the limits the product does not fit, even if its rate is lowest. Lengthening the term lowers the payment but raises interest costs; test the options in the calculator.
Who can get business loan: requirements
The terms of business finance vary by lender and are stated on the product’s own pages. Typically the lender looks at the company’s trading history, turnover, profitability, collateral and the entrepreneur’s background.
Company details
Be ready to provide financial statements or recent financial data, tax matters and, where needed, a business plan. A new company has fewer options, and guarantees from the state financier Finnvera can help.
Collateral and guarantors
Some of the business loan products we track require collateral. Collateral lowers the lender’s risk and usually the rate, but you can lose it if payments are missed. A personal guarantee from the entrepreneur also ties the entrepreneur’s own assets.
Pros and cons of business loan
Advantages
- Financing can be fitted to the company’s need and cash flow.
- Prices and terms can be compared before contacting a lender.
- Banks, finance companies and the state financier are side by side.
Drawbacks
- The price is often negotiable and cannot be compared before contact.
- Collateral and personal guarantees can tie the entrepreneur’s own assets.
- The consumer-credit rate caps do not cover business finance.
What makes up the price of business loan
The price is not only the rate. In business finance the price can include interest or a financing fee, an opening fee, an account or invoicing fee, collateral costs and possible early-repayment costs. On a small amount over a short term fixed fees raise the total cost more than the rate does. The total cost in euros says more than the monthly payment.
Common mistakes when comparing business loan
Comparing only the monthly payment
A small payment can mean a long term and large interest costs. Always compare the total cost and the annual percentage rate.
Treating the published rate as your own
The published rate is a starting price. The lender sets the final rate from the applicant’s information, and it can be higher.
Forgetting rate risk
On a Euribor-linked business loan the payment can rise if the reference rate rises. Check whether your finances cope with a two-percentage-point rise; the calculator shows the effect.
When business loan is not the right solution
Business loan does not fit every need. If you need an amount that exceeds the product limits, or the purpose is quite different, compare other categories: business credit line, invoice financing, leasing or crowdfunding. If you already have payment difficulties new credit rarely solves the problem; contact debt counselling.
Compare other product categories
- Business credit line: 2 products, median rate 12.00%.
- Invoice financing: 3 products, no prices published.
- Leasing: 1 products, no prices published.
- Crowdfunding: 1 products, no prices published.
By group: banks, finance companies and others, business loans and all lenders.
Checklist before applying
- I know the amount and term I need and have calculated the monthly payment.
- I have compared at least three lenders and looked at the annual percentage rate or the total cost.
- The lender is registered or supervised (Finanssivalvonta register).
- I have read the pre-contract information and the agreement in full.
- I can cope with a rate rise if the loan is Euribor-linked.
- I do not pay anything in advance before the money is in my account.
Applying step by step
Before the application
Decide the amount and term, calculate the monthly payment and check how much room you have left. Have recent financial data and any collateral details ready. Compare three or four lenders in the table and read their pre-contract information.
During the application
You always apply directly with the lender on its own site. Fill in the details truthfully and check the amount, term and costs before confirming. Haeluotto does not process applications and does not see your details.
After the decision
Read the agreement and pre-contract information calmly before signing. Check collateral, guarantees and the terms of early repayment.
If the application is rejected
A refusal does not mean other lenders will refuse too, but a burst of applications does not help. Ask for the reasons, check your credit record and the positive credit register data, and consider whether a smaller amount or a longer term is realistic. Do not apply everywhere at once. If you already have payment difficulties, contact debt counselling before taking new credit.
Supervision and regulation
The consumer-credit rate caps do not apply to credit granted to companies, but banks are credit institutions supervised by Finanssivalvonta and Finnvera is the state’s specialised financing company. Check the lender with Finanssivalvonta and read about price limits on the Finnish Competition and Consumer Authority site. Lenders and groups are also on the lender list.
Payment difficulties and getting help
If the loan starts to feel heavy, contact the lender before a payment is missed. Many lenders offer a repayment holiday or a new payment plan. Debt counselling helps free of charge, and it is important to seek help early: late-payment costs and collection add to the debt quickly.
Recognising scams
Beware of offers that demand an advance payment, a “security fee” or a “processing fee” before the money is in your account. Do not give online-banking credentials by phone or message. Use the lender’s own, known address and check the company in the Finanssivalvonta register. Haeluotto never asks for credentials, payments or credit data.
Your budget before the loan
A good loan starts from a budget, not from an application. Go through the following steps before comparing lenders.
- Calculate your monthly income after tax and subtract fixed expenses: rent or mortgage, bills, insurance and food.
- Add the monthly payments of existing loans and credits.
- Keep a buffer worth at least a month of expenses for unexpected costs.
- What remains is the upper limit of the payment, not a target: choose a payment you can make even when income falls or the rate rises.
- Test the payment in the calculator with different terms and see which amount and term it allows.
How lenders assess risk
In business finance the lender assesses the company’s cash flow, profitability, indebtedness, sector and collateral. Risk sets the price: the less certain repayment is, the higher the rate or the stronger the collateral required. That is why the same product can cost different applicants different amounts, and why a published starting price is not a personal offer. The lender’s assessment rests on the information you give in the application and on registers, so do not give wrong information; it can lead to rejection or problems with the contract later.
Rate, margin and APR in brief
- Nominal rate is the annual rate calculated on the loan without other costs.
- Margin is the lender’s own share on top of a reference rate (for example Euribor).
- Annual percentage rate (APR) combines the interest and all credit costs into one annual percentage in consumer credit.
- Representative example is a calculation the lender publishes for a given amount and term; it does not necessarily match the price offered to you.
The differences are explained further on the methodology page, and a glossary is also at the bottom of this page.
Repayment and early repayment
Early repayment of a business loan is agreed in the contract, and it may involve costs. If possible, pay a small extra instalment now and then: it shortens the term and reduces interest costs. Before signing, check whether the due date can be moved and what that costs.
Information needed for the application
In business finance the lender usually asks for recent financial statements, an interim forecast of profit and balance for the current year, tax data, details of the company’s owners and details of collateral and guarantors. A new company is asked for a business plan and a cash-flow forecast. Prepare the information in advance so the application is not delayed. Check that what you provide is correct: wrong information can lead to rejection.
Questions to ask the lender
- What is the total cost of the loan in euros over the whole term?
- What costs are there besides the opening fee and monthly fees?
- Is the rate fixed or linked to a reference rate, and when is it reviewed?
- Can I repay the loan early, and what does it cost?
- What happens if a payment is late?
- What data does the lender store and to whom does it disclose it?
Write down the answers and compare them side by side across lenders. If an answer is unclear or evasive, take that into account in your choice.
Common misconceptions
“The lowest rate is always the best option”
The lowest rate is not the best if it comes with high side costs, a short price period or terms that do not suit your situation. Compare the total cost and the terms.
“The published rate is what I will pay”
The published rate is a starting price or the low end of a range. Your own price depends on the applicant’s information.
“Comparing means applying”
Comparing is research. The application is made only to the lender, and Haeluotto does not see your application. Applying can affect your credit record, so compare first and apply afterwards.
Follow the market
Prices and terms change. In the market watch you see lenders’ rate changes and regulatory news, and in the market report the price range of the whole market and Euribor development. If you want to follow changes, subscribe to the digest of best offers with the newsletter on the front page.
Summary and next steps
The business loan comparison has 15 products, and no lender publishes a rate. Start by working out the monthly payment you need in the calculator, choose two or three lenders from the table and ask them for their own pre-contract information. Remember that the published price is a starting point, not an offer, and that the final decision is made by the lender.
When to seek advice
For large or complex financing it is worth talking to an accountant, a business service or an independent financial expert before signing, especially if the financing involves a personal guarantee or collateral. Advice helps assess ability to repay, compare options and understand the terms of the agreement. Haeluotto does not give personal credit or investment advice, but our pages give information you can use to prepare for the conversation.
Where the data comes from
The business loan figures are collected from lenders’ own public pages every night. Unpublished prices are not guessed. The table follows 15 products, of which 0 have a published rate; status 07/10/2026. Rate changes are logged in the market watch, the whole-market picture is in the market report and the calculation methods on the methodology page.
Glossary
- Guarantor
- A person or body that undertakes to answer for the loan if the borrower does not pay. A state or Finnvera guarantee replaces an ordinary guarantor.
- Personal guarantee
- The company owner’s personal undertaking to answer for the company’s loan. It is a common form of security in small-business loans.
- Collateral
- An asset, such as a home or car, that the lender can take to cover an unpaid loan. A secured loan is usually cheaper.
- Reference rate
- The rate to which the price of a variable-rate loan is tied, most commonly Euribor. The loan rate is the reference rate plus the margin.
- Margin
- The percentage the lender adds to the reference rate to cover risk and costs. The margin is the lender’s own decision and often customer-specific.
- Euribor
- The reference rate for euro-area interbank lending, published for different periods such as 1, 3, 6 and 12 months.
- Repayment holiday
- An agreed period during which only interest is paid. It eases things temporarily but raises the total cost of the loan.
Frequently asked questions
Why are business loan rates not shown?
Lenders price a business loan company by company. Where a rate has not been published we state that in the table. A small number of lenders, for example those using a fixed monthly fee, publish their pricing and it appears in the product details.
What is the difference between a bank and a finance company?
A bank is a credit institution under the supervision of the Finnish FSA. A finance company can lend to businesses from its own balance sheet without a licence, so check its details and terms with extra care.
How long does it take to get a business loan?
The fastest non-bank lenders give a decision quickly, whereas a bank’s lending process and a Finnvera guarantee can take weeks.
Can I apply for business loan through Haeluotto?
No. Haeluotto is a comparison service that does not process applications or make credit decisions. You always apply directly with the lender on its own site.
How often are business loan prices updated?
Prices are fetched from lenders’ own pages every night. When a rate change is detected it is logged in the market watch. Latest update: 07/10/2026.
Why do not all business loan products have a rate?
Many lenders set the rate only at the credit decision. We then show “negotiable / not published” and do not guess a figure.