As of 9 April - more info to come as it's made available. This proposition was put forward on 25 March by the Government, and the Parliament approved the proposition on 1 April 2020. The guarantees are administered by Swedish National Debt Office (Riksgälden), through banks.

State guaranteed loans

• The Swedish State will guarantee up to 70% of loans, in a lending framework up to SEK 100bn
• Riksgälden is responsible for administrating the guarantees to the loans and have initiated Företagsakuten, to which banks and credit institutions can apply to become a member and hence be able to offer the guaranteed loans to their customers
• The loans that can be covered by the guarantee are loans that companies are taking due to challenges rising from COVID-19
• The companies taking the loans need to be healthy otherwise (direct quote from press release is "livskraftiga" - more info to come)
• The State will formally guarantee the loans to the banks, who in turn provide guaranteed loans to the companies - everything still processed through banks

Eligibility and use of proceeds

• Available for all companies except those active in the finance industry
• Companies can loan up to SEK 75m, exceptions may be applied
• The companies need to be headquartered and with their main operations in Sweden
• Loans are administered through the banks and lending institutes
• Loans are primarily aimed at SMBs, but according to the Government no formal restrictions on company size will be applied for eligibility
• The loans cannot be used for bonuses or otherwise varied compensation to executives or management - no rules on dividend yet though

Status - updated regularly, now as of 9 April

• Three of the Swedish high street banks; Nordea, Swedbank and SEB - have chosen to join Företagsakuten
• Also, a dozen or so smaller banks (Sw. Sparbanker) have joined