Business name loan

A business name is one of the most popular forms of business in Finland, especially among sole traders. It is ideal for small businesses without a separate ownership structure. However, like all businesses, sole proprietorships face situations where additional funding is needed. A business start-up loan offers a flexible and quick solution for business growth, investments and unexpected expenses.

Since 2015, Qred Bank has been providing easy and fast business loans to small and medium-sized enterprises. You can apply for a Qred loan for a business completely online. The loan decision is made within an hour and the money is paid into your account the same day. There is no commitment period and no early repayment costs. Thanks to the fixed monthly payment, you know exactly what you're paying each month.

Why does a business need a loan?

Entrepreneurs face a wide range of situations where additional funding is needed. The most common reasons for seeking a loan for a business are:

• Investment: the purchase of new tools, equipment or software may be necessary for business growth.
• Cash flow management: seasonal business activities can cause fluctuations in cash flow, which can be offset by a loan.
• Marketing: new marketing campaigns can attract customers and increase sales.
• Unexpected costs: for example, equipment breakdowns or repairs to premises may require rapid funding.

A business loan for a sole trader will help your company meet these needs quickly and flexibly.

Loans for a business - how does it work?

Applying for a loan from Qred for a business is a simple and quick process:

1. Fill in the application online: it only takes a few minutes to complete the application. You will need basic information about your business and your financial situation.
2. Get a decision in an hour: your application will be processed quickly, and you'll soon know if your loan has been approved.
3. Same-day cash: an approved loan will be paid into your account the same day, so you can start making the necessary investments immediately.

The flexibility and speed of the loan make it an excellent choice for urgent situations.

A business loan for a sole trader - what are the benefits?

A business loan for a commercial company offers many advantages:

• Flexibility: the loan can be used freely for business needs, such as investments or to cover day-to-day expenses.
• Speed: A decision within an hour and money in your account within the same day ensure you can react quickly to changing needs.
• Fixed monthly payment: clear costs make loan repayments predictable and help you manage your finances.
• No commitment period: you can repay the loan at any time at no extra cost.

Qred's business loan for sole trader is designed specifically for the needs of small entrepreneurs and can be tailored to a wide range of situations.

Personal loan for a sole trader or a business loan?

Business owners can sometimes consider a personal loan for their business needs. However, a business loan for a sole trader is often a better choice as it offers:

• Clearer financial management: Business loan costs are directly reflected in the company's accounts, making it easier to monitor finances.
• A more professional image: In the eyes of financiers and partners, a business loan is a more reliable option.
• Tax advantages: interest on a business loan is usually tax deductible as a business expense.

A business loan offers greater flexibility and suitability for the needs of a business owner than a personal loan.

How does the taxation of business loans work?

The taxation of business loans is an important aspect to consider when managing the finances of a business owner. The main principles are:

• Interest is deductible: interest on a business loan is usually tax deductible because it is a business expense.
• Repayment of principal on a loan: the repayment of principal is not deductible for tax purposes because it is not considered an expense.
• Clear accounting: all expenses and payments related to the loan should be correctly recorded in the company's accounts.

As a business owner, it is important to keep clear accounts and understand the tax implications to keep your finances in order.

Who is a business loan suitable for?

A business loan for a company is particularly suitable for:

• Start-up entrepreneurs: to cover investment and start-up costs.
• Growth companies: to expand their activities and seize new opportunities.
• Seasonal businesses: to smooth cash flow during the busiest or slowest periods.
• All self-employed: to cover unexpected expenses or investment needs.

Qred's business loan is designed to be flexible for a wide range of needs, making it suitable for all business owners.

Frequently asked questions

How do I apply for a loan for a business?
You can apply for a loan on the Qred website by filling in an application. You will receive a decision within an hour and the money will be paid into your account within the same day.

What are the benefits of a business loan for a business?
A business loan provides a flexible and quick solution to your business needs, such as investments, cash flow management and unexpected expenses.

Are there hidden costs in a Qred corporate loan?
No, there are no hidden costs in a Qred corporate loan. The fixed monthly fee includes all costs and the loan can be repaid at any time without any additional costs.

How does business loan taxation work for a business owner?
Interest on a business loan is deductible for tax purposes, but repayment of the principal of the loan is not deductible.

Can I apply for a personal loan for my business?
While a personal loan is possible, a business loan is often a better option, offering clearer financial control and potential tax advantages.

Qred Bank's business loan offers business owners a fast and flexible solution to their business needs. Whether it's for small investments or larger growth plans, a Qred Business Loan helps you achieve your goals easily and efficiently.