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It's easy to apply and takes about 60 seconds, and there's no cost to apply. There are 3 easy steps:
Our loans do not have a separate interest rate. Instead, we charge a fixed amount each month you have the loan - there are no other fees. The monthly fee is individual and based on your company's qred-score, which is based on many dozens of data points and parameters and gives an overall evaluation of each application. As the loan has no lock-in period, you can pre-pay at any time and only pay for the months you keep the loan. That is, you can save significantly if you choose to pre-pay your loan.
You'll get a reminder, and we will reach out. It's important to pay on time to avoid late fees, and eventualy debt collections. Moreover, if you pay according to play you can typically apply for additional funds in the future.
You pay a fixed amount each month. If you took a loan on the 10th, then your first invoice will have due date on the 11th of the following month. We send invoices 10 days before the payment deadline.
All limited liability business, partnerships, sole proprietorships / traders, and more can apply and be approved a loan. It can be a proud, old business, or a brand new startup, large or small. We work with businesses in virtually every industry, from north to south - even businesses with a checkered credit history can qualify. We evaulate each business individually - the key for us is that there is a solid business idea and qualified business owners behind the company.
No, the fees are exempt from VAT.
You can call us at 09 424 503 99 or send an email to asiakaspalvelu@qred.com.
No, as long as you choose the default option of PDF-invoice via e-mail. If you prefer a mailed paper invoice there is a 5€ charge for postage and handling.
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Whatever your business needs money for, Qred has got you covered with a fast and flexible business loan! From working capital to new equipment: we'll support you no matter what.
Our amazing customer team will be there for you and guide you through every step of the way.
Each month you pay a fixed fee and amortisation for your loan. There are no interest or other fees.
There is no lock-in period for our business loans. You will only be charged for the months you use the loan.
There will be no hidden fees or surprises. Business loans should be fair and easy.
Applying for a business loan is simple, straightforward and only takes a minute!
Sign our offer digitally and we’ll transfer the money within the same working day
It’s completely free and non-binding to request a quote for a business loan!
The only cost of your business loan is a fixed monthly fee that is individually determined for each company. There are no other fees. Apply now to get a free quote!
All businesses can apply for our business loan - no matter the size of the business nor the industry. All you need is a registered business that is active.
No matter what your business needs funding for, Qred has got you covered! We support all business loan purposes from new equipment to working capital.
More questions? Find your answer here!
Qred was founded by entrepreneurs for entrepreneurs. With operations in Sweden, Finland, Denmark, the Netherlands, Brazil and Belgium - Qred/Qeld has helped more than 25,000 companies. Right now, Qred is creating ten jobs a day, 7 days a week.
Visit About Qred to read more.
Do I have to pay VAT?
No, the fees are exempt from VAT.
What's the interest rate?
Our loans do not have a separate interest rate. Instead, we charge a fixed amount each month you have the loan - there are no other fees. The monthly fee is individual and based on your company's qred-score, which is based on many dozens of data points and parameters and gives an overall evaluation of each application. As the loan has no lock-in period, you can pre-pay at any time and only pay for the months you keep the loan. That is, you can save significantly if you choose to pre-pay your loan.
Is there an invoice charge?
No, as long as you choose the default option of PDF-invoice via e-mail. If you prefer a mailed paper invoice there is a 5€ charge for postage and handling.
What happens if I can't pay on time?
You'll get a reminder, and we will reach out. It's important to pay on time to avoid late fees, and eventualy debt collections. Moreover, if you pay according to play you can typically apply for additional funds in the future.
When should I repay the loan?
You pay a fixed amount each month. If you took a loan on the 10th, then your first invoice will have due date on the 11th of the following month. We send invoices 10 days before the payment deadline.
How do I get in touch?
You can call us at 09 424 503 99 or send an email to asiakaspalvelu@qred.com.
Who can apply?
All limited liability business, partnerships, sole proprietorships / traders, and more can apply and be approved a loan. It can be a proud, old business, or a brand new startup, large or small. We work with businesses in virtually every industry, from north to south - even businesses with a checkered credit history can qualify. We evaulate each business individually - the key for us is that there is a solid business idea and qualified business owners behind the company.
How do I apply?
It's easy to apply and takes about 60 seconds, and there's no cost to apply. There are 3 easy steps:
What happens if I do not repay the loan?
After you've been reminded and contacted, eventually the loan will be sent to a debt collections company. If your company still cannot pay, you can become personally responsible for the remaining debt.
Who requlates Qred?
Qred is registered as a financial instition with the Financial Supervisory Authority of Sweden, and our company and operations are regularly reviewed and monitored by an authorized auditor.
Do you save my password?
Yes, in encrypted form, for maximum security. This is why you have to create a new one if you forget your password. Please choose a password that nobody else knows or can easily guess, with letters, numbers and special symbols.
Come on, there must be hidden fees?
Nope. At Qred, transparency is at the heart of our values and where we think we raised the standard in the market.
How is Qred different?
We've invested heavily in a modern, digital solution, with no expensive branch network. By automating data extraction and through smart analysis of hundreds of data points we are able to quickly get to an evalution of most businesses. As far as we know, nobody else in Northern Europe can approve and pay out a business loan faster than Qred. What's also unique is you only pay for each month you have the loan. Simple and straightforward.
What is Qred?
Qred is the new way to finance investments in your company. All businesses that are active can apply for up to 200.000 € without going to a bank. Your application is handled within an hour, and your funds are paid out the same day. You pay a fixed fee for every month you hold the loan, there are no hidden fees, and you can pre-pay when you want to (you only pay for the months you keep the loan). The monthly fee is set individually based on your company's qred-score. Each month you pay a fixed fee and a fraction of the amount you borrowed as amortisation. No interest or other fees. Convenient, right? Looking for inspiration, and how other companies have worked with Qred? Have a look at some of the company's we highlight and interview in our blog!
What does it take to qualify?
We do a comprehensive evaluation of every application. The critical element is your company's ability to handle the loan and manage repayment, and generate enough return on investment to justify your loan - that the loan's size is in proportion to your business. Sometimes we have to say no to applications, or approve a lower amount than you request. This might be because the company or owners have incurred debts they cannot repay or have a long history of payment remarks. That said, small or uncommon payment remarks need not be a hinder, and we always look at the big picture. You've provided incorrect information. The company's ability to repay is in doubt or impossible to demonstrate. Read more under security and borrowing responsibly.
What does Qred mean?
Qred (pronounced ”cred”) is a play on words with the word credit and the expression cred, that is to show someone respect or honor.
When will the loan be paid out?
The loan is paid out the same day after you accept our offer, as long as that happens by 16:30. Depending on holidays and weekends, there can be a couple of days before the funds reach your business account.
Businesses that sell goods and/or services to other businesses, for example, lease companies, IT-services, inventory and business supplies, professional cleaners, financial advisors, etc. are eligible for a Qred partnership. If you or your company cater to the business market, not the consumer market, you can become a Qred partner and help other businesses find the right financing for your products.
Signing up as a partner is as easy. Just like applying for our business loans is as well! You can simply indicate your interest via our Partner page by clicking on the button ‘Become a partner’ and provide us with your company details and contact information. Our partner manager will then take your application into immediate consideration and reach out to discuss the opportunities further.
Qred is an expert in business loans and company financing. Founded in 2015, Qred’s mission is to power entrepreneurs and help businesses grow, invest and expand. We provide flexible business loans without start-up costs, hidden fees or hassle: exactly how business lending should be.
Qred does not have a standard interest fee, instead, we make individual assessments for each company - offering them a personalised quote that best matches their needs. Qred does offer full transparency and easy-to-understand loan terms. For example, we have no start-up costs, hidden fees and don’t work with lock-in periods. Instead, customers have the option to repay the loan in full at any time, giving entrepreneurs the option to remain in control of their finances. What do our customers pay monthly? We charge a standard service fee for our loans (based on loan term, individual credit rating and amount), combined with a standard amortisation fee. Combine the two (service + amortisation) and those are the standard monthly payments, without unexpected surprises. Clear, easy and transparent: that is why savvy entrepreneurs choose Qred for business loans and financing.
As a partner of Qred you enjoy multiple benefits. Firstly, you are eligible for a commission on each successful referral (accepted loan). Secondly, a partnership with Qred is the ideal opportunity to expand your business reach and broaden your customer base. For example, do you sell goods or services to other businesses, like company vehicles, IT-services or supplies? Then a partnership with Qred helps your customers find quick and reliable financing to purchase your products. Our partners help other businesses grow, invest and innovate, whilst getting rewarded for it: it’s a win-win-situation for all.
Advantages partnership:
All companies may need some extra cash from time to time. We want it to be easy, fast and safe to get a business loan. That’s why we started Qred.
From the start, Qred received a fantastic reception from tens of thousands of small businesses. It feels almost unreal that it is actually possible to challenge the old established banks without being particularly large or strong. My conclusion is that heart and ambition mean more than muscle and tradition.
We are today one of the fastest growing fin-tech companies in the Nordic region, and we have already lent over SEK 2 billion to the smallest companies. It is money that comes in handy – many of our customers stand without traditional bank financing, even though they are run by competent and skilled contractors.
The banks are stuck in a costly costume and small business owners are seen as inconveniences, and not as partners. According to a recent survey, only every 10th company with up to 20 employees has loans from the bank. At the same time, over 80% of all new jobs in Sweden are created today by small companies.
Qred offers loans to small companies in the Nordic region and in the Netherlands. The loans are relatively small (up to around SEK 1 million), and have relatively short maturities (the loans are normally repaid with up to 12 monthly instalments). By limiting the loan amounts and the credit period, we keep the risk down.
Thanks to our unique scoring model and our large and diversified customer base, we have relatively small and very predictable loan losses, which in turn leads to good profitability.
Welcome to Qred!
Chairman of the Board since 2021.
Managing Partner Northern Europe, previously Market Leader for Nordics, Russia, Central & Eastern Europe, at Oliver Wyman.
Former Managing Director at KPMG Consulting.
Boardmember since 2015.
Chief Growth Officer and co-founder
M.Sc. Accounting (Åbo Akademi University).
Former COO and Business Development Manager at Tact Group.
Board member since 2019.
Ba & MSc Business Administration & Marketing (Copenhagen Business School).
Chairman of Acast and board member of ICA Gruppen, BillerudKorsnäs and Dixons Carphone.
CEO and co-founder
Board member since 2015.
MBA (Stockholm School of Economics), M.Sc. Engineering (Royal Institute of Technology in Stockholm).
Former CEO of Cherry.
Vice CEO and co-founder.
Boardmember since 2015.
MBA (Stockholm School of Economics). MA Econ (Duke University).
Former Nordic Strategic Manager at Trygg Hansa and Management Consultant at Oliver Wyman.
Chief Product Officer
MSc in Accounting and Financial Management (Stockholm School of Economics).
Former Senior Product Manager at Klarna, Digital Director at Departments & Stores Europe and COO at Campadre.
Chief Marketing Officer
Bachelor Comm Finance and Marketing (University of Toronto).
Former CMO at Hedvig, Director of Marketing at Truecaller and Marketing DIrector at Spotify.
M.Sc Decision Support & Risk Analysis (Stockholm University) and B.Sc. Computer Systems Engineering.
Former Engineering Manager at Worldfavor.
Juris Doctor (Santa Clara University School of Law).
Former Associate at Bird & Bird and Attorney at Pillsbury Winthrop Shaw Pittman LLP.
M.Sc. Accounting (Åbo Akademi University).
Former COO and Business Development Manager at Tact Group.
Master’s degree in Economics (University of Borås).
Former CFO at Widespace and Head of Group Accounting at Hoist Finance.
CEO and co-founder
Board member since 2015.
MBA (Stockholm School of Economics), M.Sc. Engineering (Royal Institute of Technology in Stockholm).
Former CEO of Cherry.
Vice CEO and co-founder.
Boardmember since 2015.
MBA (Stockholm School of Economics). MA Econ (Duke University).
Former Nordic Strategic Manager at Trygg Hansa and Management Consultant at Oliver Wyman.
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