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COVID-19 EU PolicyWatch

Database of national-level responses

Eurofound's COVID-19 EU PolicyWatch collates information on the responses of government and social partners to the crisis, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for case NO-2020-13/727 – measures in Norway

State guarantee scheme for loans to businesses

Statlig garantiordning for lån til små og mellomstore bedrifter

Country Norway , applies nationwide
Time period Temporary, 27 March 2020 – 01 June 2020
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Access to finance
Author Aasmund Arup Seip, FAFO and Eurofound
Case created 19 April 2020 (updated 05 May 2020)

Background information

State guarantee scheme for loans to small and medium-sized businesses is a measure aimed at companies and the business sector and have as its main objective to improve liquidity during the period of loss of income. The liquidity situation for large parts of the business community is under pressure as a result of measures taken to reduce the spread of COVID-19 in society. Temporary measures are needed to provide the business community with the necessary liquidity to get through the crisis. On 2 April it was decided that the scheme also will be open the scheme to larger companies, including companies with more than 250 employees.

Content of measure

The scheme means that the state guarantees 90 per cent of the amount in new loans of up to NOK 50 million. It is the banks that operate the scheme, and even grant loans to their loan customers. The scheme applies to loans up to NOK 50 million per company and with a maximum of three years maturity. It applies only to new loans that are granted after the legislation has entered into force and until 1 June 2020. The scheme was intended for companies with up to 250 employees and with less than €50 million in sales, but has been extended to cover to larger companies with more than 250 employees. The state guarantees 90% of the loans under the scheme. Losses should be distributed proportionately (pro rata) where the state and the bank take 90 and 10% respectively. Loans that have already been granted cannot be transferred to the scheme. The scheme is regulated in a new law, and further provisions on which loans will be covered under the scheme will be specified in regulations. The scheme is approved by ESA.

Use of measure

No information to date.

Target groups

Workers Businesses Citizens
Does not apply to workers Does not apply to citizens

Actors and funding

Actors Funding
National government
National funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role Consulted Consulted
Form Direct consultation outside a formal body Direct consultation outside a formal body

Social partners' role in the implementation, monitoring and assessment phase:

  • Social partners jointly
  • Main level of involvement: Peak or cross-sectoral level



Views and reactions

Social partners have been consulted regularly during design and implementation of the measure.


  • 20 March 2020: Prop. 58 LS (2019–2020) Lov om statlig garantiordning for lån til små og mellomstore bedrifter (
  • 02 April 2020: Lånegarantiordningen for små og mellomstore bedrifter (


Eurofound (2020), State guarantee scheme for loans to businesses, case NO-2020-13/727 (measures in Norway), COVID-19 EU PolicyWatch, Dublin,

Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.