Guide: Collecting loans for businesses
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
Consolidating your business loans means combining several smaller loans into one larger loan. This can be done either by taking out a new loan to pay off the existing ones, or by renegotiating the loan terms with the lenders. But is this a good idea for your business?
Pooling business loans can be a good idea for companies that want to simplify their finances and potentially lower their monthly costs. But it is important to carefully analyze both the advantages and the disadvantages, and to make sure that the new terms are really beneficial in the long run. Every business situation is unique, and it is wise to consult a financial advisor before making a decision. Qred Bank does not help you with bundling loans, although we can review each individual situation.
Many streams small, eventually turn into a large river.
An old classic proverb that is often mentioned in connection with economics. In this particular context, it is in a negative sense, as many small loans often come at a great cost.
It is very common for companies that offer to collect their loans to do so through so-called annuity loans. This means that you initially pay more interest and less installment (amortization). In this way, it takes longer to repay the loan and the total cost is therefore higher.
In the case of a straight repayment, you pay off the loan all the time, you amortize the same amount all the time and thus get rid of the loan faster. Especially if the loan has a fixed monthly fee where you pay both the interest or the fee for the loan each month, while amortizing.
Drawing up a cash-flow budget gives you a clear overview of your financial situation. This will help you decide which financing option is best suited to your investment - whether it is most beneficial to use your own funds, take out a loan, or lease equipment.
It can often be good to gather your financing solutions in one place, such as with us at Qred Bank, where you can get both a business loan for your slightly more short-term needs (up to 36 months) and a Qred VISA business card for your everyday purchases and expenses. Qred helps you with a personalized overall solution for you and your business. Whether you have previous credit, we want to help you find the right type of financing.
Welcome to the website!
Qred Bank offers a business loan for larger and longer-term investments or a business card for everyday purchases. Choose the one that suits you best right now - or why not both?
Quick application
Payout within 24 hours
No binding time
Borrow from SEK 50,000 up to SEK 5 million without a fixed term. From 1 month up to 36 months and pay back early whenever you want - at no extra cost! A loan that is just as good for solving temporary slumps as for creating growth.
1% cashback
Get more cards for your company - for free!
Save receipts digitally directly in the app
Discover our business credit card: endless possibilities, at no extra cost. Save money on everything you buy with cashback. Join tens of thousands of others and get the Qred VISA today! By the way, you know it has no annual fee, right?
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.