Almi business loans

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Qred's business loans are a good complement to Almi

We don't take UC from you as a private individual, but we use Creditsafe. Then only we (Qred) and you see that credit report.

The application takes only 1 minute, you receive a reply within 1 hour and the money is paid out the same day. Great, huh?

How do I get a business loan for my company?

Simple! You make a free and non-binding application with us at Qred. Here's how it works:

  1. Application takes 1 minute
  2. You will be notified within 1 hour
  3. The money is paid the same day

The loan has also...

  • No binding time
  • No entry fees
  • No hidden costs

Borrow from €10,000 up to €5 million.

Apply for a business loan with Qred Bank

Brief summary

Applying for a business loan from ALMI can be a good option for small and medium-sized enterprises, especially those that find it difficult to get traditional bank loans. ALMI offers several types of loans, including business loans, microloans and growth loans, with flexible terms adapted to different business needs. Although interest rates are often higher than regular bank loans, ALMI is a valuable partner for businesses that need financing to grow and develop, especially with the support of government guarantees and advice.

Qred Bank can serve as a collaboration and a complement to what you can get at Almi.

All about ALMI Business Loans

Areyou considering a business loan from ALMI? We have the complete guide to help your business get a loan from ALMI.

Are you thinking of applying for a business loan from ALMI? ALMI can be an excellent alternative and a complement to other types of financing. We've dug up all the details and will guide you through the jungle of information - what it costs, how much you can borrow, what is required and how best to apply.

What is ALMI?

The name Almi is not an abbreviation, as many believe, but comes from the Latin word Almus, which means growing, nourishing, fertile. It's a good fit because Almi's mission is precisely to foster Swedish growth by supporting Swedish small businesses.

ALMI does this by providing financing combined with advice. The parent company, Almi Företagspartner AB, is owned by the state and financed by taxpayers' money.

In total, ALMI lent around 3 200 million SEK in 2020 to around 2,000 companies (average loan around 1,6 million SEK), of which almost 70% went to small businesses with fewer than 10 employees. The most common loan needs were to invest in machinery and employees or for working capital. Most borrowers were in the trade sector.

Almi's mission is to create growth and innovation in the business sector through financing combined with advice. The aim is to successfully commercialise more innovative ideas, to start and develop more viable businesses and to increase the competitiveness and growth of companies.

Almi Företagspartner AB has 16 regional subsidiaries and venture capital operations in Almi Invest AB. The regional subsidiaries are 51% owned by the parent company and 49% by regional owners, including county councils.

What is an ALMI business loan?

ALMI has a few different types of financing, but the "ALMI business loan" is the most common type of business loan and is aimed at small and medium-sized enterprises with up to 250 employees in all sectors. The idea is to support the development of the company. Loan amounts typically range from SEK 250,000 up to several million, and maturities are usually 3-5 years with straight repayments.

However, a common occurrence for many companies is that ALMI does not want to finance your company alone, but usually wants to take the backing of a bank or lender. For example, if your company borrows 1 million from a bank, ALMI can provide the same amount and on the same terms, but at a slightly higher interest rate. In other words, you must already have or have obtained a bank loan in order to obtain a business loan from ALMI.

As far as we know, the interest rate on ALMI business loans is normally the policy rate plus 5-9%. The company must provide collateral in the form of a company guarantee and normally the owners must also provide a personal guarantee or management guarantee as security for the loan.

ALMI also has a few other types of business loans that may be suitable if the usual business loan does not work.

ALMI Micro loans

Almis Micro loans are suitable for new business start-ups or if you are a young entrepreneur.

Which companies can borrow? The loan is aimed at new or start-up small businesses. The loan is also suitable for young entrepreneurs up to 25 years old.

How much can I borrow? You can borrow up to SEK 200,000 and 100% of your company's capital needs. In other words, you don't have to put in a single penny and can start a business without capital.

How much does the business loan cost? It all depends on the risk of the company. But normally the interest rate is higher than normal bank loans.

ALMI charges a set-up fee of SEK 500. Normally, you must provide a personal guarantee, but only for 10% of the loan amount. The repayment period can be up to 6 years.

ALMI Growth Loans

Which companies can borrow? The Growth Loan is aimed primarily at innovative small and medium-sized enterprises that have some kind of idea that will create growth in the company.

How much can I borrow? ALMI Growth Loans are business loans of SEK 250,000 and above. The idea is not to cover the company's entire financing needs, but to complement other financing from the bank, for example, or from the owners or other venture capital. At Qred, we can help you with the complement that Almi often requires.

What security is required? Normally, ALMI's Growth Loans require a corporate guarantee and sometimes a surety as security.

How much does it cost? The term can be up to 10 years. The interest rate on the loan depends on the risk of the business, with small and start-up businesses presenting a higher risk. The interest rate is also higher than normal bank rates.

ALMI Innovation Loan

This is a loan designed for start-ups that want to develop a product or an idea, but have not yet reached break-even. ALMI can contribute up to 50% of the capital, but at least 50 000 SEK. The remaining capital must come from e.g. owners, banks or venture capital.

ALMI carries out a credit check on the company before a loan can be granted. It is not clear what collateral is required, how much the loan will cost or when it will be repaid.

What is the interest rate on ALMI business loans?

There are no exact statistics on what the interest rate is, but typically it is 5-9% per year. Usual banks (e.g. Swedbank) require a personal guarantee on the loan, Almi does not. The high interest rate is to compensate for the much higher risk they take. The experience of ALMI is that they rarely go in for more than 50%. That means you have to find 50% elsewhere.

How much do ALMI business loans cost?

The cost of a business loan from ALMI is normally relatively high compared to a bank loan, but ALMI operates in a high-risk segment. According to information provided to Ekot, ALMI's interest rates are between five and nine per cent, but are sometimes much higher than that. The levels are justified by Almi on the grounds that they do not want to compete on price with the commercial banks. However, ALMI does not provide precise interest rate information.

Daniel Wiberg, Chief Economist at the Federation of Swedish Enterprises, has written about ALMI's costs for business loans, but it should be remembered that ALMI's task is to complement the market by offering risky loans when no one else does.

How do I apply for an ALMI business loan?

Applying for an ALMI business loan usually takes at least a month. Be patient, prepare carefully and be prepared for some paperwork before you receive the money.

The main elements of your application are

Loan application - In the loan application, you fill in details about your business, how much you want to borrow and how the loan will be used.

Business plan - In the business plan you describe how you intend to work with your company - whether it is a start-up or already running. In the business plan, you consider the company's strategies in different areas.

Budget - You will need to submit a detailed profit and loss and cash flow budget, templates for which can be found on the ALMI website.

Once you have submitted your loan application, ALMI will review it and carry out a credit check. They will then contact you if you need to complete your application. In total, it usually takes one or two months before you have the money in your account.

The website contains many tips about Almi.

Questions and answers about business loans from Almi

  1. How do interest rates and fees differ between Qred's business loans and ALMI's business loans?
    The interest rates and fees for Qred's business loans compared to ALMI's business loans vary depending on several factors, including the company's creditworthiness, loan amount and maturity. Qred focuses on offering fast and flexible loans with a simple application process, often with a slightly higher interest rate to compensate for the quick access to capital and the lower credit check. ALMI, on the other hand, offers loans that are often subsidized and have a lower interest rate, but with stricter requirements on collateral and use of the loan.
  2. What types of collateral are usually required to qualify for a business loan with Qred?
    When it comes to the types of collateral required to qualify for a business loan with Qred, finance companies usually require some form of security to reduce the risk of the loan. This can range from personal guarantees to business mortgages, depending on the amount of the loan and the financial position of the business. Qred, which focuses on a simplified application process, may not require traditional collateral in the same way that a bank does, but this may be offset by higher interest rates or fees.
  3. How does a company's size and area of operation affect its chances of getting a loan with Qred compared to ALMI?
    A company's size and area of operation can definitely affect its chances of getting a loan, both with Qred and ALMI. SMEs in the growth phase may find Qred's solutions particularly attractive because of the fast processing time and flexibility. ALMI, on the other hand, may be more inclined to support companies based on their potential for innovation and growth, regardless of the industry.
  4. Can companies that already have a loan with another financier apply for additional financing with Qred, and how does this affect the assessment?
    Companies that already have a loan with another financier can absolutely apply for additional financing with Qred. However, the assessment will take into account the company's overall indebtedness and ability to handle additional repayments. A well-diversified financing structure can be seen as positive, as long as it does not jeopardize the company's financial health.
  5. Are there any specific industries or types of businesses that Qred particularly targets, or that have a better chance of getting loans approved?
    Finally, in terms of specific industries or types of businesses that Qred particularly targets, finance companies and banks tend to be open to a broad category of businesses. However, some industries may be considered higher risk, which may affect the assessment of loan applications. It's always best to contact the lender directly to get clarity on how your company's industry and specific situation may affect the possibility of a loan.

About Qred

Our History

Founded in 2015 by entrepreneurs for entrepreneurs, Qred Bank is now Sweden's fastest growing fintech company, according to the Financial Times. Qred has delivered profitable growth from the start and is the market leader in the Nordics with Sweden's most satisfied customers, according to Trustpilot.

With operations in Sweden, Finland, Denmark, the Netherlands, Belgium, Norway, Germany and Brazil, Qred has issued hundreds of thousands of loans to small businesses. A fully automated and proprietary credit scoring system enables Qred to quickly and competitively provide business owners with the support they need to grow.

Man holding a large Qred VISA business card

Personalized service at once.
Contact us!

Let us find the right solutions for your business.
08:00 - 17:30 (Mon-Fri)

How can you use a business loan?

A business loan can help your business, whether you want to invest in growth or need working capital.

Hiring more staff

Invest in machinery
and tools

When you need more working capital

10 000 kr up to 2 million kr (SEK)

Qred's business loans are for all small businesses, whether you are a sole trader, limited company or trading company. Our loans can cater to your business needs small or large, with loan amounts ranging from 10,000 SEK right up to 2 million SEK!

How does it work?

Apply in 1 minute

Fill in a quick and easy application to get a free and non-binding loan proposal for your business.


Get answers within an hour

After you apply, we'll get back to you within an hour. You'll then see your company's specific loan offer and what the monthly fee will be.


Sign with BankID

If you choose to accept the offer, you simply sign with your BankID and receive the money in your account the same day!


No binding time

If you no longer need the loan, you can repay the full amount at any time without extra costs.

Apply here

Fair pricing

With a business loan from Qred, the only cost of the loan is a fixed monthly fee. The monthly fee is determined individually based on the size of the loan and your company's creditworthiness. To see what your exact monthly fee will be, fill out a non-binding loan application here

Fixed price
No hidden fees

More of our services

Not sure if a business loan is right for your business? Check out our other services and products.

Business loans and loans for small businesses don't have to be difficult

Getting a loan for your business, no matter how old or large, shouldn't have to be too difficult.

Amortization-free months

We understand that things can happen in the life cycle of a company. That's why we can often offer grace periods for a limited period of time. So, as long as you pay the fixed monthly fee each month, you may, in some cases, be able to pause your instalment payments to us.

Business loans with payment notes

Mistakes can happen. You might be late with a bill or miss something during your holidays or tough times in life. It shouldn't be an obstacle to looking ahead and growing your business.

Even if you or your company happens to have a payment record, Qred can help you with a loan. It all depends on the nature of the note, when it was issued, why and what the situation is in your company.

Important things to consider when applying:

There are a number of things to consider when applying for a business loan.

  • Is it the right time for my company to make an investment?
  • Do I dare to take this step in my company's growth journey?
  • Will I be able to repay the loan on time?

There are many questions and at least as many answers. It is only healthy to ask many questions and analyse the state of your company and your finances.

As a business owner, you already know that there are many things that cost money, such as paying taxes and fees, marketing costs, supplier invoices and other things needed to keep you afloat.

One thing that is often forgotten is that there are an incredible number of opportunities and good locations for growth.

Be clear about what you will use the loan for. For example, if you need to buy a machine for 100 000 SEK and are applying for the same amount, we might ask if you have any money to invest. If you have 30 000 SEK to spare, we can suggest 70 000 SEK to match your 30 000 SEK.

Perhaps your business could do with a little extra investment in stock for the high season, a little marketing or building that outdoor terrace you've always dreamed of to attract guests in the summer?

Qred believes in transparency, innovation and passion. If you're open about the status of your business and what you're going to use the loan for, we can more easily determine the loan amount and term you should have. If you clearly show how innovative your business is, we can do that too. And if you show how passionate you are about your business, that rubs off on us too.

Consider the following when borrowing for businesses

  1. What do I need the loan for?

    way you can bring the cost down and make it easier for yourself to pay back your business loan. Read more about borrowing responsibly.
  2. What will it look like in a few months or a year?

    Depending on the repayment period you have chosen, you should have a plan for repaying the loan to your business. If you have taken a business loan for six months, you should be able to repay the full amount by then. Being late with your payments ultimately only affects you in the form of possible unnecessary reminder fees and, in the worst case scenario, debt collection.

    Be careful not to invest in high-risk projects or items. Want to see your own UC score or your company's credit report? Credit reference agencies such as UC or Creditsafe allow you to check your creditworthiness before you apply for a loan.
  3. Can you save up for part or all of the amount?

    the boring answer is to save. Try putting some aside each month for a rainy day or for a day when that chance you can't turn down comes along.

Don't be an ostrich! Communicate!

If you have any problems paying the fee this month - get in touch!

It's much easier to change a repayment plan if we have that information. So don't bury your head in the sand and get in touch if you're having trouble sticking to the payment plan. Then we can always adjust the payment plan a little.

It's quick!

Why are our loans fast? Firstly, it's quick to apply. All you need to fill in is the desired loan amount, email, mobile number and company registration number.

It takes about 1 minute to apply. Secondly, we're quick to let you know. If you apply during our opening hours, you will receive a reply within 1 hour. If everything looks good, you approve the offer with your BankID. Then we'll pay out your money the same day.

It's simple!

Simplicity really goes hand in hand with speed. With us, you don't need to attach balance sheets, profit and loss statements, business plans and annual reports.

It is safe!

With us you can feel safe. You log in, sign and authorise via BankID. We take care of your data and use the same security solutions as the world's leading banks. All communication between Qred and your browser is encrypted with 256-bit SSL verified by Geotrust, a world leader in online security.

You can feel safe when you use Qred and see the green address bar - just like your bank. We also care about your privacy and only save the data that is necessary by law or to provide better loans to your business. We never store any passwords and you can contact us at any time to find out more.

What can I use a loan for?

There are as many reasons why you might need a business loan as there are entrepreneurs in Sweden - very many! You might think that most people take out a loan to save their business when they're on the brink of ruin. It couldn't be more wrong.

Most companies that take out loans for their business with us do so to grow their businesses. Of course, there are different ways to do this, but here we list some of the most common uses:

  • Buying in stock for the high season
  • Buying tools or materials
  • Rental or purchase of premises or vehicles
  • Renovation
  • Paying invoices
  • Education and training
  • Market yourself online or offline
  • Hiring to grow
  • Rebuild your website
  • Liquidity to cope with periods of low income
  • Cash flow
  • Development

4 out of 5 jobs created by small entrepreneurs

As a small business owner, you may not be the one getting all the attention on the business news every night. We hear about Volvo, IKEA, H&M and other big Swedish companies. But the fact is that it is you small business owners who contribute most to welfare and the development of society.

4 out of 5 jobs are created by small entrepreneurs and the vast majority of Swedish companies have no more than 20 employees. In addition, you contribute social security contributions, employer's contributions, VAT and other taxes to society so that Sweden can continue to grow and be a successful country and stay at the forefront.

When should I not take a business loan?

Perhaps you are about to test an untested product, service or market? We are small business owners ourselves and have many staff who are or have been entrepreneurs and will assess your business idea. During the phone call with us, we'll ask a few questions about why you need a temporary infusion of capital, etc. Especially if you are a start-up, how likely is it that your business will start generating revenue within a few months? This will help us to assess whether someone who has been working as an employed carpenter for several years, has now started their own business and can start generating income at a rapid pace. Often that person already has a network of contacts and craftsmen are an established and secure industry.

Record business loans

Vi får ibland frågor om hur man bokför ett lån från Qred. Våra lån är kortfristiga (d v s <12 månader) och ska bokas på ett 28-konto, t ex 2840.

The fixed monthly fee is therefore booked to an 84 account, e.g. 8420. A business loan from Qred is booked in the same way as a short-term bank loan. If you are unsure, you should consult an accountant or auditor. Find out more about the partners who can help you with your bookkeeping.

We get many questions about how to record business credit. Many small businesses handle their own bookkeeping and wonder how to record business loans. Recording is easy if you use an accounting system such as Fortnox, Visma, Speedleger or SPCS, and below is an example.

Accounting for business loans from Qred

Most of our loans are short-term (those under 12 months) and should be booked in a 28 account, e.g. 2840. Those over 12 months, however, are no longer considered short-term. They should be recorded in account 2390 (Other long-term liabilities). When you receive the loan in your company's bank account, you can record it according to the following example:

Debit Credit 1930 Business account 120 000 SEK 2840 Other current liabilities 120 000 SEK

An amortization reduces the debt account, the monthly fee and any interest on arrears and late fees are recorded as an interest expense, for example as follows:

Debit Credit 1930 Business account SEK 24 000 2840 Other current liabilities SEK 20 000 8420 Interest expenses on current liabilities SEK 4 000
The monthly fee is booked as an interest expense on an 84 account, e.g. 8420.

The business loan/credit is recorded in the same way whether you use the business loan for salaries, inventory, investments or anything else.

If you are unsure, you should consult an accountant or your auditor.

Qred is positive

We love small business owners and the impact you have on our community. 4 out of 5 jobs are created by small businesses, and those are the very businesses that keep society running. As entrepreneurs ourselves, we understand the challenges you face and that sometimes you need a temporary cash boost to get through off-peak or peak seasons, invest in equipment, inventory, staff, marketing or to pay taxes.

Good to know

1 . Write down why you need to borrow money for your business

The reasons for taking out a business loan differ greatly. However, we can divide the reasons into good and bad ones.

Good reasons are to cover a temporary need. It can be to invest money in machinery, employment, training, renovation, marketing or stock. They are simply investments that will generate a return that will allow your business to repay the loan.

Bad reasons include covering up a weak profitability or loss, without having a concrete plan on how to quickly turn the loss around. Another bad reason is to pay off other loans. The risk is that you will end up in a negative debt spiral. Never borrow more than you need.

2. Explore options

Bank loans to businesses are the first option most entrepreneurs think of. The problem is that traditional banks want to take very little risk and have old systems and procedures that are very costly. This means that small business loans are rarely a profitable business for the bank, which would rather lend hundreds of millions or billions to large companies. Unfortunately, lending money to businesses from the bank is more difficult than ever.

Factoring and invoice credit can be an option if you have a lot of invoices and the payer has a good credit rating. If you are a small business that invoices other small businesses or individuals, factoring is more difficult and expensive.

Equity is a good option if you need money in the longer term and you are not yet up and running and can show stable cash flows. Bear in mind that the investor may be eligible for a tax deduction. The downside is that you are selling part of your business, and therefore part of your freedom and future profits.

Online business loans are a convenient and easy option if your business needs to borrow money and the amount is not very large. Applying for the loan is often very simple and you will receive a quick response. Qred, for example, promises an answer within an hour and disbursement on the same day.

3. Interest on loans to enterprises

The cost is very different, depending on who you ask. The interest rate is important, but the pitfalls are many. In addition to the interest rate, there are lots of costs that the various lenders add on. Here are things to watch out for.

Interest on corporate loans is normally expressed as a percentage of outstanding loans. The interest rate on small business loans varies widely, but is often 10%-20% per annum.

The origination fee is a fee that most lenders charge for originating a new loan. It can be up to 5% of the loan amount.

The notification fee is a charge for sending the invoice. It can vary between 30-60 SEK per month.

The early repayment fee is a fee that you are sometimes forced to pay if your company wants to repay the loan sooner than agreed. This can be a very large cost.

The application fee is a fee charged by rogue traders just for applying for a business loan.

Monthly fee is a fee charged by Qred every month. Qred has only a fixed monthly fee and no interest, no set-up fee, no early redemption fee, no application fee and no other hidden charges.

4. Make a repayment plan

Once you've explored the options, it's time to think about the next step - how to repay the loan. Make a simple calculation. There are lots of templates online, but unfortunately they tend to be difficult to understand. It doesn't have to be sophisticated, but it's important to think through your company's future situation. Make sure you have some margin in your calculations and consider the options. For example, what happens if you lose a customer or a project is delayed?

The better prepared you are, the more likely it is that your business will be granted a business loan and that your business will succeed in the future!

How do you increase your existing business loan with Qred? 

It's easy! Just call, email e(shown in the picture below) and fill in your desired loan amount and we'll try to find the best possible solution.

Applying for an increased loan amount is free of charge, non-binding and you will receive a reply the same day. You'll get a reply by email and SMS and it will look just like the first time you took out a loan from us!

Do I have to wait until the loan is fully repaid to apply for an extension?

No, you don't have to wait until the whole loan is repaid. If you apply for an extension when you already have a loan, we will make an individual assessment of you and see if there is a possibility to increase, and how much you can increase. We usually like to see a few months of good repayment before we can consider increasing the loan.

What can I do as a customer to get an extended credit line?

We want to build good relationships with our customers based on trust and to get to a higher amount there are two things you can do. Paying back on time increases your chances of being able to extend, and adding a person to the loan.

Do I get two loans to keep track of if I get an extended loan?

No, the amount left to repay on your current loan and the amount paid out on the new loan are added together in the same loan. You get one invoice and it's easy to keep track! However, if you have another company, you can take out a loan for that company too.

Can I change the repayment period?

We do our best to always adapt to the needs of the client and we make an individual assessment for each application. Get in touch and tell us what you want and we'll look into it to make it as good as possible!

The right type of financing for your business

Business loans are a type of business finance that can help you develop your business. Banks and other lenders take several factors into account when determining whether you are eligible for a loan and how much they will lend to your business. You must have a strong history of good payment history to get financing from the bank. The lender will want to know why you need the money, what it will be used for, how much capital is needed and how long it will take for them to get their money back.

Business loans are financial tools that can help small businesses grow.

A business loan is a type of financing that can help small businesses grow. Business loans are used to develop a business, buy equipment or make capital improvements. They can be used to expand operations or to buy inventory (for example). Businesses use these loans for many different reasons, but they often turn to them when they need money quickly and don't have enough cash on hand - or when they need access to capital that would otherwise not be available in the local market.

Loan requirements vary depending on the lender, but include credit check, business plan and collateral.

Loan requirements vary depending on the lender, but include a credit check, business plan and collateral.

A business plan is a written document that describes your business and its objectives. It should include the following:

  • A description of your product or service.
  • Your target market and potential customers.
  • Location of the company (if applicable).
  • Your financial projections for five years ahead.

Some lenders require a business owner to meet certain criteria before a loan is approved.

Some lenders require the entrepreneur to meet certain criteria before the loan is approved. For example, you may need to have been in business for a certain amount of time and have enough money in the bank. They may also want to know if you have any personal guarantees from friends or family members who will be responsible for paying back the loan if you fail as an entrepreneur.

You may also need to show that you have sufficient liquidity in your business and that the loan is a good investment.

You may also need to show that you have sufficient liquidity in your business and that the loan is a good investment.

Liquidity refers to how quickly a business can turn its assets into cash, so it's important for lenders to see that you can repay your loan without problems. Liquidity is often measured by comparing current assets (such as receivables) with current liabilities (such as payables). If your business has a positive working capital, this indicates good liquidity because it means that there is more money available than required to cover short-term expenses.

To demonstrate this, many businesses will use non-cash collateral such as equipment or real estate as security for their loans; however, some lenders will require additional documentation if they are unsure of the value of these items used as collateral before making an offer on one's business loan application - which may be why many people prefer to apply online instead! Another thing worth mentioning here is that those thinking of getting an SBA loan should make sure that their creditworthiness meets certain parameters set by each lender before applying, as this affects whether or not one gets approved for financing through them."

Before applying for a business loan, you should do some research on the lender, including the criteria they use to assess borrowers' applications.

Before applying for a business loan, you should do some research, including what criteria are used to assess borrowers' applications. Lenders have different requirements and standards, so it's important to find one that suits your needs. Make sure you understand their requirements before submitting an application. This is why we at Qred have wanted to make it as simple as possible, by being completely transparent about why you might be denied a loan right now or not get the amount or fee you wanted.

Business loans are a type of business financing that can help you grow your business.

If you are an entrepreneur, you have probably heard of the term 'business loan'. But what exactly is it? And how does it differ from other types of financing? Let's take a look at some key facts about this type of loan:

  • Business loans differ from personal loans in that they are intended to be used for business purposes only. This means that if you want to buy something for yourself or your home, such as furniture or appliances, a business loan will not help you with these purchases. But - and this is very important - there are ways around this rule! You can use another type of financing but then pay those bills with money from your new business account (which is technically still legal).
  • Entrepreneurs can use these funds for anything directly related to their business, such as advertising campaigns or upgrading office equipment.

Banks and other lenders take several factors into account when deciding whether you are eligible for a loan and the amount they will lend to your business.

The lender considers several factors when determining whether you are eligible for a loan and how much they will lend to your business. They will look at your creditworthiness, collateral, liquidity, business plan and payment history. If you don't have enough personal assets or collateral to secure the loan, they may ask for a personal guarantee from someone else who has those things. In addition, some lenders may require a guarantee in case something goes wrong with your business (e.g. default).

You must have a strong history of good solvency to obtain financing from the bank.

To obtain financing from the bank, you must have a good payment history. A good payment history is a strong indicator of creditworthiness, which is an important factor in determining whether your application for financing is approved or rejected.

A good credit history is also an indication of financial stability, future profitability and ability to repay debts.

What is the purpose of the loan?

Will it be used to buy equipment or invest in growth? How long will it take you to pay off the loan? How much money will be repaid each month? How much money will be repaid each year? Is there a personal guarantee associated with the business loan application? There are many questions, so try to prepare yourself for most of them that may come up during a call, meeting or in email conversations. The better prepared you are and able to answer questions, the better!

The purpose of a business loan is to help you develop your business and expand your operations. You may need money for equipment or additional inventory, which can be used as collateral for a business loan. When applying for a business loan, it is important to know how much capital is needed to develop your business and make sure that there are no personal guarantees to be approved by the lender before signing papers with him/her.

Explain the purpose of the loan using three questions:

You should be prepared to answer the following questions:

  • Why do you need the money?
  • What will they be used for?
  • How much capital is needed and over how long?

When taking out a business loan, you may compare two or more lenders and offers from the same lender. You may focus primarily on getting the loan in the first place and secondly on getting it at the lowest possible cost. Fair and reasonable.

But what offers do you get? Do you have the option of spreading the loan over a few months to a year? Duration is something that can drastically affect your total cost of the loan.

Let's say you take out a business loan of 120 000 SEK over 12 months. You will amortize 10 000 SEK per month and for simplicity we assume that your monthly cost is 1 000 SEK. The total cost, if you have the loan for 12 months, is therefore 132 000 SEK.

But after 4 months, you realize that you can pay back the entire loan and contact the lender to do just that, pay back the entire loan. Then, theoretically, you have 8 000 SEK left in monthly fees - if you have a fixed term for the loan!

If you can redeem the business loan early at no extra cost, it would only cost you 4 000 SEK to borrow 120 000 SEK for 4 months. If your bank or lender had a fixed term, you would probably be able to repay the loan itself, but still have to pay the remaining monthly fees. Either in one lump sum to write off the loan or to continue paying the fee month after month.

Therefore, it should be included in your comparison and research to get the opportunity to settle the loan early at no cost. Then you can control the repayment yourself and if you have worked hard during, for example, a high season, you will be rewarded for your efforts by becoming debt-free and avoiding paying more unnecessary fees.

Half the term or other conditions

Some lenders have a lock-in period of 4 months, for example, before you can repay the loan and avoid further interest and fees. Others require that half of the agreed term must have expired before you can repay the loan. Therefore, if you have taken the height, made an agreement with a lender for 12 months and can repay after 4 months, the earliest you can repay the loan is after 6 months. This means that you have the loan for two months longer than you actually need.

Visual examples

Table explaining amortization and fee for 12 months

Amortization: 120 000 SEK
Monthly fees: 12 000 SEK

Table explaining amortization and fee 4 months

Amortization: 120 000 kr
Monthly fees: 4 000 kr

Qred's conditions

At Qred, we understand how difficult it can be to be a small business owner. That's why we want to make it as easy as possible for an entrepreneur to get an online business loan.

Why Qred?
  • No lock-in period
    Pay back your loan early at no extra cost.
  • No entry fee
    No set-up fees or similar.
  • No hidden costs
    No interest rates or surprise costs and fees. You know exactly how much the loan costs with our fixed monthly fee.
How does it work?
  1. The application takes 1 minute, is free and non-binding.
  2. You will receive an answer within 1 hour. The quote is free of charge and valid for 7 days.
  3. The money is paid out on the same day that you sign the credit agreement.

How Qred Score - our credit rating model - works

Qred Score is a credit rating that we give a company based on a variety of parameters. It is an overall assessment that, together with an algorithm, our customer advisors use to determine the loan amount we can offer your business. It is also the rating that determines your monthly fee.

What do we want to know?

We collect data from hundreds of sources. We do this to determine your company's creditworthiness and repayment capacity. A higher Qred Score means lower fees and the ability to borrow larger amounts. You can raise your company's Qred Score yourself by becoming our customer and managing your payments. Some of the things we look at are:

  • Turnover
  • Reviews of your business
  • How long the company has existed
  • Defaulting on payments
  • Other loans and liabilities
  • Employees
  • What you will use the loan for

Our fixed monthly fee

The monthly fee presented to you is fixed, which means it will not change during the loan period. So there are no interest rates, set-up fees or other hidden costs for our business loans. You always know what it will cost you each month and you can repay the loan at any time without charge. In other words, you only pay for the time you use the money.

Example 1*:
You take out a loan of 60 000 SEK, over 6 months and at a cost of 1 200kr/month. Normally, you would amortize 10 000 SEK each month and pay 1 200 SEK in fees. If, on the other hand, you were to repay e.g. 20 000 SEK each month, you would have amortized the entire amount after three months. Then you only pay for 3 monthly fees.

Example repayment and monthly fee

Example 2*:
You take out a loan for the same amount, 60 000 SEK. You get the same monthly fee of 1 200 SEK. But unlike the previous example where you amortized the loan faster than 6 months, you now pay a fee for all months. So you amortize 10 000kr/month and pay the monthly fee of 1 200 SEK until 6 months have passed and you are done with the loan.

Example amortization and fee 6 months

* Please note that these are only numerical examples and, as previously explained, each company will have its own assessment and pricing.


Thanks to our digital processes and lack of physical bank branches, we can offer loans to more small businesses than banks can. If you have a lower turnover, are a start-up or have a record of non-payment, we can still help you. Thanks to our Qred Score, we always make an individual assessment and you will be notified within 1 hour of submitting your application.

Business loans online

A loan from Qred is fast, safe and easy!

There's no hassle with balance sheets, profit and loss statements, bookkeeping and other processes. For example, if you're a restaurant owner with a broken oven, you can't wait weeks for a loan to be approved and paid out.

Then speed is important for you and your business. Because you can quickly solve the problem and continue to make money.

Since you sign with BankID and everything on our site is encrypted with a secure connection, you can rest assured that your data is handled safely.

It then takes just 1 minute to apply and you don't need to add any additional information or documents - unless you want to.

We'll call you for a chat about your business and the loan you've applied for. So you don't have to chase us - we'll call you!

After we have talked to you and approved a loan, you will receive a offer which you then sign with BankID. If you are a returning customer, you may receive an approved loan without having to talk to us. This is thanks to our algorithms and systems.

The offer is valid for 7 days and you can sign the quote at any time and get paid - on the same day!

Good, huh? 

See more 
Transparent terms
Same day payout
No binding time