Business loan when you need it the most

A business loan is a financial solution for businesses that need capital. The loan can be used to cover everything from unforeseen expenses to large investments for growth.

Traditional banks

At many traditional banks, you must first arrange a meeting with a bank adviser. After that, it can take several days or weeks before you get a response, and the application process is often very time consuming.

In addition to world-class personal service, the entire process is digital — from your application to the money in your account.

• It is free and non-binding to apply.
• Get a response within one business day.
• All loans are paid off within 24 hours.

There are many different situations in which you may want to consider a business loan. Maybe you need to cover expenses for a quieter period, or maybe it's time to invest in something that can create growth in your business. Whatever your purpose, Qred is here for you.

Requirements for applying for a business loan

In order to apply, your company must be registered in Norway and have a Norwegian bank account.

Documentation for the business loan

Once you submit an application to us, we collect credit information and automatically start collecting the necessary documentation. You can also choose to attach additional documentation at a later point in the application process.

There are several alternatives to business loans, depending on your needs. If you have a lot of small, day-to-day expenses, a business card can be a good option. If it's more about getting control of your cash flow, selling invoices can be a good solution. Some banks also offer an overdraft, which gives you a security you can use when the need arises.

How do you find the best business loan?

Usually you have your own bank that helps you with your private finances, such as with mortgages, consumption accounts and insurance. However, many people think it is wise to separate the personal and corporate finances. Here at Qred we can offer you just such a solution!

What should you consider when choosing a business loan?

There are many things to consider when taking out a business loan.

• You should not take out a loan if you already have large debts.
• You should not take out a loan if you know you will have trouble paying it back.
• You should not take out a loan to make high-risk investments.

Many banks and lenders have establishment fees, administration fees, early repayment charges, and many other hidden fees. But not at Qred.

We are a modern bank focused on making it easy for small businesses by having a fixed monthly fee as the only loan cost — as easy as possible!