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Prikhodko Andrey

Managing partner

Lawyer, Doctor of Laws, recognized media expert on legal issues, legal adviser to famous politicians and businessmen.

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Prikhodko Andrey
Managing partner

Lawyer, Doctor of Laws, recognized media expert on legal issues, legal adviser to famous politicians and businessmen.

Contact now

Many companies use a business loan that they receive from a bank. It works in the same way as an overdraft for private individuals and can be used, among other things, to finance the period from the purchase of production materials to the customer’s payment of the finished product.

The interest rate on business loans depends on the type of loan that the company chooses. A mortgage loan often has the most attractive interest rate, but is not as flexible as a bank loan and is not always feasible for businesses. Bank loans have other advantages and can be especially useful for short-term loans.

Who can get a business loan?

Typically, the following requirements are set for you and your company:

  • Danish CVR. You must have a Danish company with a Danish CVR number
  • Your business must be recognized as creditworthy by the lender
  • Some lenders require that your business has been in existence for at least 1 year
  • No payment remarks. If you run a sole proprietorship, you must not be in the RKI or Debtor Register.
  • Some lenders require that your company has a certain annual turnover, for example, +550,000 DKK.
  • You must be personally liable. Many lenders require that you (and possibly your partner) be personally liable for the loan.

Alternative ways to get money for business

There are other ways to obtain financing for your business than going to your bank. Particularly, if you are an entrepreneur with a new business that is still in the startup phase, your bank may be unwilling to give you a loan. You will have to look elsewhere for loans or entrepreneurial support to start your business.

Whether you have just started up a new business, developed a new product or need additional capital to develop a business with growth potential, your local bank is not the only source of financing. Other options include business angels, venture funds, accelerator programmes, loans via the Danish Growth Fund (Vækstfonden), various public entrepreneurial support schemes and crowdfunding.

  • Business angels and venture funds

A good place to get entrepreneurial support is through an investor. A good investor will not only provide financial support but will also give advice and act as a mentor in the startup phase of your business. A business angel is an investor specialising in support for startups and entrepreneurs. In addition to providing funding, the investors will usually become actively involved in managing the business as members of the board of directors, or, in exceptional circumstances, as members of the executive board. Business angels are often associated with a venture fund whose very purpose is to provide financing and entrepreneurial support for businesses at a very early stage.

  • Accelerator programmes

As an entrepreneur or a startup, you can benefit from entrepreneurial support by joining an accelerator programme. Several different players in Denmark offer accelerator programmes including a number of mentoring schemes and training and sparring sessions for entrepreneurs and startups. An accelerator programme usually ends with a pitching round where, as an entrepreneur or a startup, you will have a chance to pitch your business idea to different investors. Accelerator programmes can be private initiatives or they can be publicly financed, and they focus on a broad range of industries.

  • Loans for starting up a business via the Danish Growth Fund (Vækstfonden)

If you’re looking for a loan to start up your business, then the Danish Growth Fund may be the place to go. The Danish Growth Fund is a state investment fund. It is an independent fund regulated by its own Act and governed by a board of directors. The Danish Growth Fund invests equity in partnership with private investors, and the fund provides loans and guarantees in collaboration with Danish financial institutions. The target group is small and medium-sized businesses.

  • Entrepreneurial support

Public entrepreneurial support in Denmark is offered by a number of business service centres throughout the country. Your municipality can guide you on the entrepreneurial support available in your local area. Courses on entrepreneurship will often be available, and there may personal guidance from a skilled entrepreneurial consultant. Entrepreneurial support is organised in many different ways in the different municipalities but on startvaekst.dk, there is more information (in Danish) about your municipality’s entrepreneurial support schemes. Moreover, regional Business Link centres (Væksthuse) have been established throughout Denmark. They offer impartial advice on bank loans, venture capital and grants. The regional Business Link centres collaborate with the Danish Trade Council and the Danish Export Credit Fund, among others.

  • Crowdfunding

Crowdfunding is a relatively new concept in Denmark, but crowdfunding has already helped many entrepreneurs and startups to a successful start. There are four overall concepts within crowdfunding:

  • Donation crowdfunding – where people donate funds to a project without getting anything in return.
  • Reward crowdfunding – where people donating funds receive something in exchange for their contribution, for example, the product they have crowdfunded.
  • Equity crowdfunding – resembles reward crowdfunding, but instead of being rewarded with a product, investors obtain partial ownership of the company they crowdfund.
  • Debt crowdfunding – where people lend money directly to businesses and projects without involving a bank.

The legal company “Prykhodko and partners” provides assistance in obtaining a loan for:

  • purchase of real estate (house, apartment, other buildings) on the secondary market;
  • purchase of land for construction;
  • purchase of business equipment;
  • other investment projects.

In order to get financing or a loan in Denmark, it is very important to have a reliable partner who can choose funds, prepare applications for financing, substantiate estimates, help develop effective business models, etc. Our specialists will help you with this.

Our services are priced from 200 euros per consultation and subsequent support.

Calculate the cost of services

1 question

Are you currently in Ukraine?


2 question

Are you currently in Denmark?


3 question

Have you already chosen a bank in which you need legal support for obtaining a loan?


4 question

Is the amount of the loan that you plan to receive more than 500,000 euros?


5 question

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