Increased loan facilities and credit guarantees for Swedish businesses
On 20 March, the Government, the Centre Party and the Liberal Party presented further measures to mitigate the impact of the virus outbreak on Swedish jobs and businesses.
A range of measures were presented to make it easier for Swedish businesses, particularly small- and medium-sized businesses, to access finance at this difficult time.
- Almi Företagspartner AB will receive a capital contribution of SEK 3 billion to increase its lending to small- and medium-sized businesses throughout the country. This reinforcement of the loan fund will increase Almi’s preparedness to meet the needs of businesses whose activities have been adversely affected by the coronavirus outbreak.
- The Swedish Export Credit Corporation’s credit framework will be increased from SEK 125 billion to SEK 200 billion and can be used to provide both state-supported and commercial credit to Swedish export companies. These measures, along with the cancelled dividend payouts announced on 19 March, give the Swedish Export Credit Corporation enhanced opportunities to meet the export industry’s increased demand for credit.
- The Swedish Export Credit Agency promotes Swedish exports and the competitiveness of Swedish industry by providing guarantees that facilitate the financing of purchases of Swedish goods and services. Increased credit guarantees totalling SEK 500 billion and lower risk for banks will provide new and improved credit opportunities for companies. A new guarantee for faster and more secure payment to Swedish export companies will also be introduced. This will apply to small- and medium-sized export companies, major export companies and their suppliers.
The proposals are based on an agreement between the Government, the Centre Party and the Liberal Party.
Press Secretary to the Minister for Finance Magdalena Andersson
Phone (switchboard) +46 8 405 10 00
Mobile +46 73 074 05 57
email to Mirjam Kontio
Press Secretary, Centre Party
Mobile +46 73 065 94 25
Head of Press Service, Liberal Party
Mobile +46 70 298 67 90