Access to finance
17 November 2009by Ina Dimireva -- last modified 17 November 2009
An overview of the sources of finance available to SMEs in Estonia.
There are several ways to increase the financial means of an enterprise:
- Bank loans;
- Aid to entrepreneurs;
- Increasing an enterprise's capital.
In order to get a bank loan one has to apply to a bank. Aid to entrepreneurs is generally project-based. In other words, in order to get aid an entrepreneur has to submit a business plan and achievable goals to the provider of the aid.
The increase of an enterprise's capital is carried out according to the provisions of the Commercial Code.
Programmes
Support is offered, for example by EAS Enterprise Estonia, the Rural Development Foundation and KredEx. Support is offered to new and operating business owners for expanding their business activities, for employee training, etc.
Personalised help and advice
The Enterprise Europe Network provides businesses with information and advice through its local partners.
Enterprise Europe Network – contact points – Estonia
Source: European Commission
Advertisement