Microloan

POSSIBILITIES FOR AN ECONOMIC BOOST FROM THE START

Sometimes a small start-up capital is required to get things up and running. Initially, we will help investigate the possibilities for start-up grants (“starta-eget-bidrag”) from the Swedish public employment service (“Arbetsförmedlingen”) and / or other contributions. But sometimes other solutions are needed. Go Business and Sparbanken Nord are offering a micro loan that promotes the opportunity to realize new service ideas. The offer is a smaller bank loan which may be used and disbursed in different ways. Anyone enrolled at Go Business can apply for the loan, which may be used to purchase necessary equipment, rent an office or as financial security if you have an exciting idea but need a capital foundation to be able to begin.

Sparbanken Nord has a strong tradition of commitment to business and public-sector activities. With our cooperation, we strive to create more jobs and contribute to a positive social and business development in the region. Our joint solution means that staff from the bank come to Go Business and inform about the services they offer. When an entrepreneur wants to apply for a loan, Go Business is participating as an advisor and set up an individual business plan with the contractor and the bank. Our coaches supervise and make sure that the plan is followed through and the money is used accordingly. In this way, the entrepreneur gets a positive first contact with the bank, which in turn can meet new entrepreneurs at an early stage.

For each borrower, a normal credit check is made. The refund plan is individual, but generally, the refunding will only begin when it’s time to leave Go Business and the business is stable.

Contact us for more information.