Changes in loan terms

If the R&D project funded with an industrial R&D loan or a capital R&D loan does not lead to profitable business, Business Finland may decide, subject to certain conditions, to waive in full or in part any outstanding interest payments and repayment of the principal. Business Finland may also, within limits, grant the borrower a deferral of payment.

Loan terms may only be changed on application by the borrower. Instructions for applying for an amendment to loan terms can be found on the Business Finlands website.

The appeal process will not interrupt loan billing, and any arrears will accrue the normal penalty interest.

Short-term payment plans for overdue instalments may be agreed upon with the State Treasury.

Published 2012-11-26 at  10:55 , updated 2018-01-12 at  16:12
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