Tilinpäätöslainoja

Tilinpäätöslaina, known in English as year-end loan or financial statement loan, is a specific type of short-term financing that a company may use to improve its financial presentation in its annual report. The primary purpose of a tilinpäätöslaina is to temporarily bolster a company's liquidity or cash position just before the end of its fiscal year. This can be particularly useful for companies that experience seasonal fluctuations in their business or those needing to meet certain debt covenants or financial ratios that are measured at the year-end.

These loans are typically secured and have a very short repayment period, often just a few days or weeks, coinciding with the time needed to finalize financial statements. The interest rates on tilinpäätöslaina can sometimes be higher than standard business loans due to their short duration and specific purpose. Lenders offering these products are usually banks or financial institutions that have a close relationship with the borrowing company and understand its financial cycle.

The use of a tilinpäätöslaina is primarily an accounting and financial management strategy. It allows a company to present a more favorable balance sheet to stakeholders, such as investors, creditors, and regulatory bodies, by demonstrating a stronger cash position at the reporting date. However, it's important to note that this is a cosmetic improvement to the financial statements; it does not alter the underlying operational performance of the business. Companies must repay the loan promptly, and once repaid, the improved cash position disappears from the books.