Business loans - disbursement within 24 hours
Expand, optimize or invest with a business loan up to 2,000,000 DKK
Apply quickly and easily
Payout within 24 hours
Pay off the loan early and save money
Tailored business loan for your business
Whether you're looking to expand, optimize or invest, we're here for you. Qred Bank are experts in business loans, but you're the expert on what your business needs and how the money will be put to best use. Here are just a few examples:
Business loans for daily operations
We're experts in business loans, but you're the expert in what your business needs. Loans to pay salaries, suppliers and rent.
Business loans for purchases
Never skimp on equipment. Loans to cover the cost of purchasing large batches of raw materials, building materials and merchandise.
Business loans for inventory
Efficiency and quality assurance are essential for high customer satisfaction. Loans for industrial machinery, commercial kitchen equipment and store equipment.
"Qred is a business partner for your company."
Rajissimo
Ice cream, waffles, churros and cakes
Your growth journey is just a business loan away!
Why choose Qred Bank?
Our mission is to provide entrepreneurs with a banking experience that is different from the one they often get at traditional banks. Entrepreneurs build the future, and we support theirs. Read how we do it differently:
Fast application process
Access to capital can make or break your ability to take on more customers or get hired for a larger project. That's why we've made sure the money is disbursed within 24 hours of you signing your loan contract.
Fixed monthly fee
At Qred Bank, we have chosen to operate with a fixed monthly fee. This means that you only pay installments on your business loan and a fixed monthly fee. You also avoid unpredictable interest rates or hidden fees.
We are there for you
It can happen to the best of us. Sometimes expenses pile up and it can make it difficult to pay on time. Call us as soon as you know you can't pay on time and we'll do what we can to find a sustainable payment solution.
Qred has been helping entrepreneurs with financing since 2015
Qred was founded in 2015 with the mission to help other entrepreneurs, and we've never been afraid to challenge the traditional banks. Today, we offer fast and simple financing solutions in seven countries and are the leader in business financing in Scandinavia.
We opened our Danish branch in 2017 and have already helped thousands of Danish companies. What makes us stand out is that we work exclusively with business financing and are therefore able to meet entrepreneurs at eye level. Therefore, we are also incredibly proud to be one of the banks with the highest score on Trustpilot.
2015
2015
Qred was founded
50
000
50
helped entrepreneurs
7
7
Markets
In collaboration with our partners, we secure the process from application to payment
MitID
We use MitID for secure identification
Trustly
We work with Trustly to ensure fast payouts
Swedish Financial Supervisory Authority
Qred Bank AB is supervised by the Swedish Financial Supervisory Authority with a banking license
Do you have any questions?
Read our frequently asked questions and answers here:
Are there any hidden charges or fees?
No. At Qred, transparency is one of our core values. We take pride in the fact that our services and conditions are easy to understand for everyone. You can read more about our terms and conditions here.
How does Qred differ from other business loans?
Qred offers an alternative and flexible solution for businesses. Using modern technology and algorithms, we can analyze data from hundreds of sources to make a solid assessment of the applicant's business. Quickly and efficiently. For Danish businesses, this means that it now takes just one minute to apply for a business loan and the money is disbursed quickly after signing. No other company approves and disburses business loans faster than Qred. In addition, Qred offers a new repayment solution, which means that you only pay for the loan for the time you actually have it. This means that you are never tied to a loan with us and can repay the loan at any time at no extra cost.
What is required to get a business loan?
We make a holistic assessment of each application. The most important criteria are the company's ability to handle future payments and that the loan amount is reasonable in relation to the company's size and turnover. Unfortunately, there are some cases where we cannot approve a loan application. This may be the case, for example, if the business owners have not managed the company's finances properly, have too much debt or too many payment defaults. We always require that the business owners are personally liable for the business loan as a guarantor.
Who can apply for a loan?
All Danish limited liability companies, private limited companies, sole proprietorships, personally owned small businesses and partnerships can apply for a loan. It doesn't matter whether your business is new or old, large or small - we have helped businesses in all industries. We carry out an individual credit assessment of each business. The most important thing for us is that there is a good and sound business concept and skilled entrepreneurs behind the business.
What are business loans?
A business loan is a financial solution for businesses that need capital (money) to cover various needs.
Types of business loans
There are different types of business loans. Depending on your business and needs, different types of business loans can work better or worse.
Business loans online
At Qred, we offer business loans online. You don't have to go to a physical bank branch to meet someone at a specific time. All you need to do is apply on our website and you'll get an answer within an hour. The money is paid out the same day you sign the offer - digitally!
Traditional big banks
The traditional big banks still have local branches where you have to book an appointment to meet an advisor. After that, it can take days or even weeks to get a response and the application process is often very time-consuming too.
Benefits of business loans from Qred
In addition to world-class personalized service, you can do everything from applying to getting the money in your account digitally - within hours!
- No startup fee
- No lock-in period
- Free and non-binding application
When should you consider a business loan?
There are several different situations where you can take out a business loan. It could be to cope with a temporary downturn or to invest in something and grow your business. Whatever your reason as a business owner, Qred is here for you.
How does the business loan application process work?
With us at Qred, it's as easy as ordering a book online. Fill in your details like desired loan amount, contact details, etc. It only takes a few minutes. Within an hour, a case manager will contact you with some follow-up questions or an offer. The money is paid out the same day you sign the offer. Done!
Requirements to apply for a business loan
You must be a Danish citizen, have a Danish bank account and be resident in Denmark.
Documentation required for the business loan
Once you've submitted an application to us, we'll run credit checks and start collecting documentation automatically. However, you can always choose to attach what you have directly to the application or choose to send it manually at a later stage.
Business loan interest and fees
At Qred, we want to make it as simple as possible. That's why we have chosen to have a fixed monthly fee as the cost of the loan. So you know exactly what you have to pay each month. We also have no start-up fees or other hidden fees for early repayment or similar. In fact, we encourage you to pay back in advance! That's why our loans have no lock-in period.
Common interest rate types for business loans
Other common types of interest rates and costs for business loans include set-up fees at the beginning of the loan period, administration fees and other types of interest or hidden costs that are good to be aware of. Always make sure to calculate the total cost of the loan.
Alternatives to business loans
There are several different alternatives to business loans. It depends entirely on what you and your business need. If you have a lot of small and daily expenses, a business card can be a good alternative. If it's more a question of liquidity, factoring and selling invoices can be a way to go. There are also some banks and lenders that offer overdraft facilities. This can be good if you want collateral that you can use when needed.
How to find the best business loan?
You often have a "house bank", usually one of the traditional big banks, for your personal finances such as home loans, accounts etc. Many people find it nice to separate their personal finances from their business finances. At Qred, we can offer a world-class personalized service!
We can also offer green loans to companies that can meet the criteria for them.
What to compare when choosing a business loan
There are many things to consider when taking out a business loan.
- Don't borrow if you already have too many debts.
- Don't borrow if you know you'll have a hard time paying it back.
- Don't borrow to make risky investments.
Contact us
We help you all business days between 8 and 16.
This page is written and fact-checked by
Emil Sunvisson
CEO
Qred Bank
Emil Sunvisson is CEO and co-founder of Qred Bank. Emil holds an MSc from the Royal Institute of Technology and an MBA from the Stockholm School of Economics. Emil is a serial entrepreneur and has previously been CEO of Cherry and co-founder of Yggdrasil Gaming, among others. In addition to being a popular speaker at conferences and events, Emil has been a frequent guest on podcasts to talk about corporate finance and entrepreneurship. Since its inception in 2015, Qred has launched in 6 different countries and has been recognized by the Financial Times as one of Europe's fastest growing companies 4 years in a row.
