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Access to finance

17 November 2009
by Ina Dimireva -- last modified 05 June 2012

An overview of the sources of finance available to SMEs in Estonia.


There are several possibilities for increasing your company's income, such as applying for a bank loan or financial support.

In order to receive financial support, the potential benefactor must be supplied with a business plan and specific objectives along with an overview of the measures to be taken to achieve them.

State funding

A start-up business has the possibility to receive start-up aid from the state and the local government. An operating business can apply for financial support, training and consulting.

Start-up aid for start-up businesses

Indirect support

The purposes of the foundation KredEx belonging to the state business support structure is to improve the access to capital for small and medium-sized enterprises by offering different guarantee products, to support exporting businesses in increasing their export volumes and entering new markets, and to increase the availability of the loans necessary for the acquisition and renovation of housing.


Application forms

Direct support

Enterprise Estonia offers support to both start-up and operating businesses. The applications for support in general must be based on a prepared project. State and local governments also grant training support and support for creating new jobs.

Support by Enterprise Estonia

Conditions and procedure for supporting the development of knowledge and skills

Information on support possibilities can be found in the database maintained by Enterprise Estonia and the programme for start-up and growth support.

Database of support possibilities

Programme for start-up and growth support

The information centre of Enterprise Estonia offers direct consultation in the selection and application for support.

Access to EU funding

EU structural funds in Estonia grant support to projects through national authorities or third sector authorities.

Approval of the "National Strategic Reference Framework 2007-2013" and sectoral operation programmes

EU Structural Funds


Possibilities for funding from the private sector

Small and medium-sized enterprises operating in a rural area can apply for a loan from the Estonian Rural Development Foundation.

Estonian Rural Development Foundation

Application forms


Start-up loans are granted by the following banks: Krediidipank, Marfin Bank, SEB Bank, and Swedbank. A start-up loan is suitable for start-up companies and companies that have operated up to 3 years, and is aimed at financing both investments and liquid assets. KredEx provides surety for up to 75% of the loan amount.

In addition, the banks offer different business loans, for which the banks must be approached.

Start-up loan


Marfin Bank

SEB Bank


Business support organisations can advise businesses on how to find financing.

Business support — Estonia

Source: Your Europe

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