We've gathered what you need to know about business loans

With a amortiziation free month, you only pay the monthly commission. This means you do not pay off your on the outstanding principal.

This will extend your business loan by another month and ultimately mean that the loan will be one month's fee more expensive than the original agreement. Unless, of course, you pay more in the other months and make it up.

Once you have submitted your business loan application, we will strive to contact you within an hour. You will then be sent an offer to be signed with MitID. We disburse the money quickly after signing.

There are no upfront costs for a business loan with Qred. When you sign a loan agreement, the first payment is due 30 days later. Here you pay an installment and a monthly fee for the month you have had the loan. This will continue until the entire loan is repaid.

No, it is not. The monthly commission is exempt from VAT. We recommend that you contact your own accountant for further accounting questions.

No, you don't. You do not pay a fee to receive an invoice as a PDF file on your email. If you want to receive an invoice by post, it costs 45 DKK

You will first receive a reminder that we need your payment. On an ongoing basis, you will receive further reminders. We encourage you to contact us as soon as you realize you have a problem with a payment so that we can work together to find a solution that suits both parties.

If no agreement is reached, we will have to refer the case to debt collection via our legal liaison.

You pay once a month.

For example, if you took out the loan on the 13th of a month, then the first payment is due on the 13th of the following month. We will send you an invoice approximately 10 days before the due date.

If you can pay more than a regular invoice, you always have the option to do so and thus pay off the loan early.

You can call us on 89 87 10 06 or send an email to support@qred.dk. You are also welcome to contact us via chat on business days between 08:00 and 16:00.

Qred is registered with the Danish FSA under the Danish Anti-Money Laundering and Terrorist Financing Act, and our activities are reviewed by an authorised auditor.

No, we do not store passwords. At Qred, you only log in with MitID.

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.

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.

Qred is a new way to borrow money. All Danish companies can apply to borrow up to 2.000.000 DKK from Qred, bypassing traditional banks. Usually, you will be notified within an hour and we pay out the money the same day. You pay a fixed amount every month and there are no hidden fees. You can repay the entire loan at any time without any additional costs. At Qred, you only pay for the loan during the months you actually have it. The monthly fee is individual and depends on your credit rating. After each month, you pay a monthly fee and principal repayments. There are no interest rate or fees.

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.

Qred (pronounced 'kred') is a word game between the word credit and the English term "to give someone credit for something", which is comparable to giving someone pondus, or that one recognizes someone for something.

The loan is disbursed through Trustly, which allows us to transfer the loan amount quickly after signing the contract. This means that you will have the money in your bank account within one business day.

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.

Applying for a business loan has never been easier or faster!

Here's how to do it:

1. Fill out an application in minutes
2. Connect to eSkat
3. A credit check is performed
4. You receive a loan offer
5. Sign loan offers with MitID
6. The money is paid out within 1 hour

Applying for a loan is completely free and non-binding.

If you're still wondering if a loan is the right solution for you, feel free to contact us at support@qred.dk or call 89 87 10 06.

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