Business credit - Apply for business credit for your company
Applying is free and not binding
No hidden costs or start-up fees
Same day payout
Applying is free and not binding
No hidden costs or start-up fees
Same day payout
Online business credit is fast, safe and easy! After we have talked to you and approved a credit, you will receive a offer which you then sign with BankID.
If you're a returning customer, you might get approved for credit 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 offer at any time and get paid - the same day! Great, right?
Business credit is essential for small business growth and provides financial flexibility to manage cash flows and unexpected costs. It differs from business loans in that only the amount used is repaid, and with Qred, a fixed monthly fee is offered instead of interest. Through a simple application process, businesses can quickly access capital to support both daily operations and expansion plans. You can borrow from SEK 10,000 up to SEK 5 million.
In a world where small businesses face economic challenges, access to capital is not just an advantage - it is a necessity. Business credit offers the financial flexibility and security needed for small businesses to grow and adapt to changing market conditions. Whether it's covering unexpected costs or financing expansion plans, business credit can play a crucial role in your company's growth.
In this article, we look at what business credit is and how to apply for it for your company - stay tuned!
In 6 minutes or less, you will learn about how business credit differs from business loans, the interest rate on business credit and what the requirements are for business credit.
Business credit is a type of credit known as overdraft or line of credit which gives your small business more financial freedom and movement. It is a line of credit given by a bank or lender where you use the money according to the different needs of your business.
Business credit can be crucial to a small business's finances, as it allows for various investments in, among other things:
With the help of business credit, you can ensure that your company receives capital at the right time to support both growth and daily operations.
Business credit is similar to business loans in that your business receives an injection of capital, but with one major difference - with business credit, you are granted a sum and choose how much of that sum you then use. This is not how a business loan works, where you as the borrower are bound to pay back the full amount of the loan plus interest on top of that amount. With a business loan, you only pay back the money you use, not the full amount you were granted.
For a start-up small business, business credit can be indispensable - as new companies may not always have established creditworthiness or a long business history, it can sometimes be more difficult to qualify for traditional business loans. This can make business credit a valuable and more flexible resource during the early and unpredictable days of entrepreneurship.
In the case of business credit with traditional banks and lenders, interest is only paid on the money you use, unlike a business loan where interest is paid on the full amount of the loan.
At Qred, we do things a little differently - instead of interest, you pay a fixed price each month for your business credit. In other words, we have no interest or other costs, but you pay the same fixed fee every month. Business loans with us have no fixed term, and you only pay for the months you have the loan.
Online business credit with Qred is quick, safe and easy. Applying for a business loan is a smooth process that can be summarized in three simple steps:
1. Apply in one minute: Quick and easy application process. The application is free of charge and non-binding, and we do not take any UC on you as an individual.
2. Get a response within an hour: After you apply, we'll get back to you within an hour - you'll be told how much credit your business is granted.
3. Same-day payout: Sign with BankID and receive your money the same day.
Borrow from €10,000 up to €5 million.
When applying for business credit as a small business owner, it is important to be aware of some basic requirements that lenders often impose. These requirements may vary slightly, but here are the most prevalent among traditional lenders:
It is also common that the owner or CEO of the company may have to act as guarantor, which means personal financial responsibility if the company cannot repay the credit.
These requirements aim to ensure that the company is considered capable of managing and repaying the credit, thus reducing the risk for the lender.
Business credit can make your small business run more smoothly by increasing the freedom of movement of money - at Qred, we understand this unique need of small business owners. That's why we offer tailored financing solutions that are fast, flexible and without complicated terms. Our aim is to make finance simple and accessible, so you can focus on what matters most - running and growing your business.
Whether you need to read our guide on selling invoices, getting a business card, or learn more about entrepreneurship with Qred Academy, we're here to help you on your journey. Get started with Qred today, and good luck with your business!
What is business credit?
A business loan is a type of financing that gives companies access to a predetermined amount of capital, which can be used when needed. It is a flexible solution to manage cash flows or finance investments.
What is required to get line of credit?
To get a line of credit , the company usually has to meet certain criteria which usually include a stable financial history, time in business, and often a check of the company's creditworthiness. There may also be requirements for a minimum turnover and that the company does not have debts with the Swedish Enforcement Authority.
How much does a line of credit cost?
The cost of a business loan depends on the lender. With Qred, you only pay a fixed monthly price for the business loan, while other lenders may sometimes charge both interest on the amount drawn down and any administrative fees.
Founded in Sweden in 2015 by entrepreneurs for entrepreneurs, Qred has quickly become the premier bank for flexible business loans. Qred is now the market leader in the Nordics and also operates in the Netherlands, Germany, Belgium and Brazil.
Our team understands the challenges and needs of entrepreneurs, and we are proud to be one of the highest rated banks for businesses on Trustpilot.
We are here for you every weekday between 8:00 and 17:30.