Doing business in and with #Norway - How to use #Export #Credit #Financing

Export Credit Norway

Export Credit Norway

Export Credit Financing

The Norwegian government offers businesses in Norway to assist their foreign buyers with favorable loan financing backed by the Norwegian state through Eksportkreditt Norge AS (Export Credit Norway). 

The Exporter

Eksportkreditt handles the entire process related to: 

  • Sales/marketing
  • Application
  • Going through loan agreements, documentation, payout and follow up.
  • You can use simplified application for up to NOK 100 M (approx. 12 M USD) 

Focus

  • Industry & Renewable energy
  • Offshore & Shipping

The loans are always guaranteed by the Norwegian government. Export Credit Norway cooperates with GIEK (Norwegian Export Credit Guarantee Agency) and banks. More on GIEK in the next blogpost.

The Borrower

  • You can choose publicly backed fixed rate CIRR-loans (Commercial Interest Reference Rate) or market loans
  • You can borrow up to 85% of the value of the contract
  • You can get credit for up to 18 years
  • You can free up local credit
  • You get access to stable funding backed by the Norwegian Government 

Contact Thomas Lidforss International for doing business with Norway

 

Thomas Lidforss

Senior Business Advisor & International Business Development Projects

I have a MSEE with MBA in Business and Product Planning. 15 years of experience in complex international projects, consultative business advisor activities in the IT and Telecom industry. Have worked with small (VC funded startups) and large businesses (B2B). Interacted with customers on top levels and project level among vendors and service providers. Managed in a program/multi-project environment. Good at finding cost-effective and sustainable IT solutions for the customer, both through sourcing / procurement and selection of alternative technology.