Bank loans to businesses

Bank loans for small businesses don't have to be difficult

Getting a bank loan for your business, no matter how old or big it is, shouldn't be too difficult.

Amortization-free months

We understand that things can happen in the life cycle of a business. That's why we can often offer repayment holidays for a limited period of time. As long as you pay the fixed monthly fee every month, you can, in some cases, pause your repayments to us.

Good, huh? 

Bank loans to businesses are designed to help companies finance their operations, invest in growth and address short-term and long-term economic challenges.

Types of bank loans to businesses

There are different types of bank loans for businesses that can be tailored to the needs and objectives of the business. The most common ones include:

1. Short-term loans: These loans are intended to help businesses address immediate financial needs, such as covering payroll costs or dealing with short-term cash flow problems. They are usually repaid within a few months or up to 2-3 years. Qred's tune. We don't want you to have the loan for longer than you need. That's why we have no lock-in period or early repayment charges for our bank loans.
2. Long-term loans: These loans are for several years and are usually used for larger investments, such as buying equipment, building facilities or expanding the business. They are usually available when you are a bit bigger and from the traditional big banks. Often with a fixed term, meaning you can be stuck with a loan for a long time.
3. Flexible rate loans: the interest rate on these loans is linked to a reference rate, usually the current market rate. This means that the interest rate can change over time. This is complicated to keep track of for you as an entrepreneur.
4. Fixed rate loans: these loans have a fixed interest rate throughout the loan period, giving businesses predictability in their borrowing costs. Qred's solution. It is easy for you to know exactly how much you will pay each month. We call it a fixed monthly fee. No hidden costs, no start-up fees, no extra fees for early repayment or variable interest charges. Just a simple and straightforward fixed monthly fee.
5. Secured bank loans: These loans require an asset (such as real estate or equipment) as collateral for the loan. If the company cannot repay the loan, the bank can take the asset.
6. Unsecured bank loans: These loans do not require collateral in the form of assets, but usually have higher interest rates to compensate for the increased risk to the bank. Usually secured by a personal guarantee.

Alternatives to bank loans

There are several alternative financing solutions to a loan, such as factoring, corporate cards or line of credit. Find out more from us or ask our loan officers.

Questions and answers on bank loans for businesses

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1. What interest rate is applied to the bank loans from Qred?

The fixed monthly fee is individual and is determined by your company's specific Qred Score, which is based on credit checks and much more.

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2. What is the maximum loan amount that businesses can apply for from Qred?

You can borrow from €50,000 up to €5 million from Qred Bank.

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3. What are the specific requirements for a business to be approved for a loan with Qred?

In addition to having an active company registered in Sweden, you also need a Swedish bank account, among other things. Read more in our questions and answers in our support.