Arbeidskapital

Arbeidskapital is a working-capital guarantee ("arbeidskapitalgaranti") product from Eksfin aimed at Norwegian exporting companies. As stated on the page: "Eksfin samarbeider derfor med banker for å øke tilgang på driftskreditter (kassekreditter el.). Ved at Eksfin avlaster 50 prosent av bankens kredittrisiko får banken større handlingsrom overfor selskaper i vekstfase." (Eksfin therefore cooperates with banks to increase access to operating credits — overdraft facilities etc. By Eksfin relieving 50 percent of the bank's credit risk, the bank gains greater flexibility towards companies in a growth phase.)

Eligible applicants are companies that export, companies that are sub-suppliers to Norwegian export companies, and growth companies with concrete plans for export. Applicants must have a Norwegian organisasjonsnummer, a minimum of 20 % direct or indirect export share of operating revenues, and be assessed as creditworthy. SMEs are defined as fewer than 250 employees and either a turnover below €50 million or a balance sheet not exceeding €43 million.

Eksfin's guarantee is valid for up to 12 months with the possibility of annual renewals ("gyldig i inntil 12 måneder med mulighet for årlige fornyelser"). Applications are submitted by the applicant's bank on behalf of the company via the portal at http://direct.eksfin.no. Contact email is post@eksfin.no.