Win the order by offering your customer competitive financing
What we offer
Requirements for your business
How an SME Guarantee works
The SME Guarantee puts small and medium-sized enterprises in a better position to offer a customer in a foreign country long-term credit on a specific export order of up to DKK 25 million. The nice thing is that, even though your customer is granted credit, you receive your money on delivery.
How is this possible?
It is possible because you immediately sell the credit agreement to your bank with a full guarantee from EKF. This means the bank will pay you the money on delivery while the bank will be paid by EKF, if, unexpectedly, the customer is unable or unwilling to pay. With EKF's guarantee, your bank has the security that it requires in order to be involved.
How your buyer obtains financing with a Buyer Credit Guarantee
You want to offer your customer credit
Your customer wants to place an order with you, but wishes to buy on credit. You would like to help your customer, but do not want to offer credit yourself.
Your bank requires security
Your bank would like to help you offer your customer credit. However, the bank wants to be certain it will be paid. Either you or your bank contacts us.
View the list of banks who have signed up to the SME Guarantee.
We run a credit rating check on your customer
We run a credit rating check on your customer. Your customer must be creditworthy in order for us to be involved.
The paperwork
Once we have agreed based on the credit screening, your bank must complete a form online. The bank attaches three documents that you have completed and signed.
See the documents.
Offer
We send your bank an offer once we have looked through the paperwork. Then you negotiate the overall credit package on-site with your customer. In general, the credit is documented via bills of exchange.
And we're done
We issue an SME Guarantee to your bank, and you receive your payment immediately. Your customer services the credit without you being involved.
