How do loans guaranteed by the European Investment Fund (EIF) work?

Froda has received enhanced support from the European Investment Fund (EIF) through the InvestEU Microfinance and Social Entrepreneurship Guarantee Programme. The programme enables Froda to lend to small business owners in order to promote growth, equality, sustainable work and social inclusion in Europe.

The EIF microguarantee means that Froda can offer business loans at discounted rates if you have a business with a maximum of 9 full-time employees and a maximum of 20 million SEK in turnover or balance sheet total. You can apply for loans of up to 565 000 SEK to be covered by the microguarantee. The discount will be activated automatically if your business meets the criteria for the guarantee.