Sole proprietorship is the most common type of business. A large proportion of our customers are sole traders.
What is a sole proprietorship?
Sole proprietorships are among the most common types of companies in Denmark.
A sole proprietorship must be registered if it has obligations in the form of, for example, VAT, payroll tax and employees. Registration of your sole proprietorship is free of charge.
A sole proprietorship is characterised by the fact that it has only one owner and that the owner is personally liable for the company's fulfilance of its obligations.
How do I find funding for a sole proprietorship?
As the sole owner, you have different types of challenges than those who are employed or operate, for example, a limited company. You are personally liable for the company and its activities. The need for funding arises in most companies. Especially in a new company or when the business grows.
At Qred, we love working with talented entrepreneurs in all industries. Many of these are sole traders. When the need for temporary financing arises, it's good that we're here. It only takes a minute to apply for our business loans and you can have the money in your account the same day. Applying for a loan is also completely free and of course non-binding.
How long do I need my business to apply for a loan?
It doesn't matter how long you've had your business. We also lend money to newly created companies. The important thing is that the company has a cash flow that allows you to repay the loan. Never take out a bigger loan than you can pay back and think carefully about how the money should be spent.
Which industries can get a business loan?
We lend money to companies in all industries. For example, we have lent money to restaurants, carpenters, hairdressers, dentists, lawyers, fitness consultants, cafes, shops, musicians, photographers, bike dealers, pilots, masseuses, IT experts and more. Call us and tell us what your business is doing!
