You need money to start a business in Sweden.
A number of financial options are available to people who need money to start up a business in Sweden, which was relatively unaffected by America's 2008 financial crisis. Whatever method of financial assistance you choose, provide the lender with a detailed business plan. If the lender thinks your business idea will make money, gaining financial assistance should not be too difficult.
Instructions
1. Borrow money from a member of your family or friend to start up a small business in Sweden, if that is an option. You will avoid paying interest on a loan or overdraft if you can finance your business another way.
2. Contact Swedbank, Handelsbanken, ICA bank or another Swedish bank with which you have an account. Ask the bank to give you a loan for setting up a small business. You will need something like savings, an apartment or a house to offer as security against the loan. The bank will also consider a guarantor who can pay off the bank loan if you are unable to do so.
3. Alternatively, ask the Swedish bank to provide to you with an overdraft facility if you only need to borrow a small amount. Swedish banks tend to be quite accommodating to people who have had an account with them for a while. It could help your cash flow in the short term but would not be a viable long-term option as banks usually charge more interest on an overdraft than they do on a loan.
4. Register with Arbetsformedlingen (the Swedish unemployment office). Make an appointment to see a business start-up consultant. Arbetsformedlingens offer six-month grants to people who are unemployed and want to start their own businesses. The Swedish unemployment office assesses a business concept and decides whether your business will make a profit. The grant should provide enough money for you to live in Sweden until your business starts making its own money.
