Finland’s CapitalBox launches new SME-focused collateral lending with loans up to €1M

CapitalBox, a European fintech lender, has informed AIN.Capital about the launch of its new collateral program for small- and medium-sized enterprises with loans up to €1 million. It marks an expansion in CapitalBox’s lending offering.

  • CapitalBox’s new collateral lending program provides loans from €100,000 to €1 million for SMEs. These types of loans will be used for purchasing such as machinery and other assets required for entering new markets, developing new products, and meeting increased customer demand. 
  • This product combines CapitalBox’s existing installment loan product with an additional real collateral security in order to significantly lower the unrecoverable default risk. According CapitalBox, it can now present more competitive offers that will both lower APRs and provide greater loan amounts to high-grade SMEs.

We’ve made these loans as competitive and customisable as possible, which is exactly in line with our overarching mission to make lending as seamless as possible for the SMEs we serve. I predict this will bring more types of SMEs into the CapitalBox fold. We’re ready and waiting to make their lives easier and their businesses more successful,

Mantvydas Štareika, CEO of CapitalBox, said.
  • To acquire these loans, businesses need to provide CapitalBox the information about their collateral assets and their company’s financial position. Loans will then be dispersed after the verification of external valuation reports, a manual review conducted by CapitalBox’s internal credit committee, and confirmation by a verified external valuator.

About CapitalBox

The firm was founded in 2015 and headquartered in Finland. The lender also has offices in Sweden, Denmark, the Netherlands, and Lithuania. As part of Multitude Group’s growth platform, the company generally provides loans up to €2 million.