How does a loan with a guarantee from the European Investment Fund (EIF) work?

Froda has received extended support from the European Investment Fund (EIF) through the guarantee program for microfinance and social entrepreneurship within InvestEU. The program enables Froda to lend to small business owners to promote growth, equality, sustainable work, and social inclusion in Europe.

The EIF's micro-guarantee means that you can get a business loan from Froda with a discounted loan cost if you have a company with a maximum of 9 full-time employees and a turnover or balance sheet total of no more than 20 million. You can apply for loans up to SEK 565,000 to be covered by the micro-guarantee. The discount is automatically activated if your company meets the criteria for the guarantee.

Read more at the EU Commission

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