Term loans

Ideal for those making large long-term investments.

Image of a man with a long face and beard and a woman with a dotted blouse who are smiling at each other

Ensures flexibility and freedom of action
Select fixed or variable interest
Paid out in one sum and paid back in agreed instalments

Business loans to suit your situation

Term loans are used when you want to finance investments that are depreciated over a shorter or longer period. The loan is tailored to your company’s situation when it comes to repayment period and a variable or fixed interest rate.

What security is required?

When taking out a loan for companies, in most cases some form of security is required. The most common form is property, sureties, operating assets, customer receivables and stock.

What does a loan cost?

Use the loan calculator to see what the monthly cost would be.

Go to the loan calculator

Do you lack security?

We may not always be able to provide loan financing for your project at an early stage.

See all forms of financing

Term loans – step by step

1. Submit an application

2. We contact you

3. Result of the application

Term loans FAQ

What do I need to bear in mind before I apply for a loan?

Make sure you have the necessary documentation regarding finances and security.

What you need will depend on the situation you’re in.

Finances

For established businesses:

Budgets and accounts

For new companies:

Where there are no accounts available from the Brønnøysund Register Centre, we will need a budget

Security

Property: We need a valuation or appraisal
Disposal: The guarantor’s tax return for the last year
Assets such as accounts receivable or inventory. Last year's financial statements

How is my loan application evaluated?

There are several factors we consider as part of a loan application:

The history of the company

How well has the business run since starting up and which results can you demonstrate?

Security

A bank will rarely grant a loan without security. The higher the risk associated with the financing, the stricter the requirements for security.
A mortgage on property, stock and customer receivables are normal. In addition, it may be necessary for someone to act as a guarantor.

Changes to cash flow after taking the loan

How well will you tolerate the monthly repayments and interest payments?

Market conditions

What are the future prospects for the company’s market and industry?

Share of equity

Depending on which type of financing you’re looking for, there will often be a requirement for part of the investment to be financed by equity.

How much will it cost and what is the interest rate?

When will the money appear in the account?

Term loans

Business loans to suit your situation

What security is required?

What does a loan cost?

Do you lack security?

Term loans – step by step

Term loans FAQ

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Term loans

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