Business Loan

At the end of each billing cycle, you'll receive an email report detailing all your expenses for the month.

No VAT is added to business loan costs. As this is a financial service, the charges are VAT-free. In your own accounting, you can record the costs as financial charges. Read more about business loans!

Your business loan is interest-free, meaning that the interest rate is 0%. Instead, an open-ended business loan is charged at a fixed, company-specific monthly rate. The monthly fee starts at 1.75%/month.

Apart from the monthly fee, you pay no other costs for your loan. We do not charge an opening fee or any other hidden costs.

We only charge an extra fee for a paper invoice (€5/invoice) if you want to receive a paper invoice. There is no charge for an e-invoice.

We only charge you for the time you have a business loan. If you want to repay your business loan early, you will save on the loan costs.

Nothing will be added if invoices are received by email or e-invoicing program. The invoice comes as an email attachment in PDF format, which is also supported by the most common e-invoicing software. If you wish, we can also provide you with a paper invoice, for which we will charge an additional charge of €5 per invoice.

If payment is late, we will send you a reminder, which will be charged €12 plus interest. In case of non-payment, the business loan will be terminated and transferred to collection, at an additional cost to the collection agency. It is important that you contact customer services immediately if you are unable to pay the invoice on the due date. Our customer service telephone number is 09 424 503 99.

Businesses can apply for our business loans. We grant business loans to limited companies, general partnerships, limited partnerships and entrepreneurs operating under a trading name. The most important thing is that it is a business activity and the need for the loan is related to that activity. We do not lend to individuals.

You will receive a monthly invoice from us by email or, if you prefer, by post. For example, if you withdraw your loan on the 5th of the month, your first due date will be the 6th of the following month. The invoice has a 10-day payment term. Payments are posted to the loan according to the payment date. The invoice breaks down the amount of the repayment and the amount of the expense, so you know exactly what you are paying and can easily record this information in your company's accounts later. You can also always see the current balance of your loan on Qred's Own Page.

The most important thing for us is to understand the need for the loan and the current state of the business. Naturally, we also check the credit history of the company to ensure that there are no recent defaults by the company or its officers.

Qred Oy, Finnish Branch is a company registered in the Finnish Trade Register (business ID 2868615-5).Qred Oy, Finnish Branch is part of the Nordic financial group Qred Bank AB, which has been granting corporate loans in Sweden since 2015, in Finland since 2016 and in Denmark since 2017. Qred Bank AB has been registered with the Swedish Financial Supervisory Authority since 2014. The company has offices in Stockholm and Helsinki.

There are no extra charges for your business loan, no opening fee, no withdrawal fee, no account management fee and no other hidden charges.

We don't have expensive administration, heavy IT systems or old-fashioned ways of working. We can actually offer a service that is made for entrepreneurs, without all the historical baggage that banks have. Give us a chance to prove ourselves, we promise we won't disappoint your expectations.

Qred's business loan is a flexible business loan tailored to the needs of small entrepreneurs, which we hope will help as many Finnish small entrepreneurs as possible. Qred provides clear, simple and fast financing for small businesses. All Finnish companies can apply for a loan of up to EUR 500,000.

We grant business loans to companies whose details can be found in the Finnish Trade Register and whose responsible persons are resident in Finland.

Our assessment of the company is based on an overall assessment of the situation. Once we understand the need and the current situation of the company, we can usually help. We do not require financial statements, a cash flow statement or a business plan to be submitted when you apply for a business loan. You can, of course, attach a bank statement or details of future assignments, for example, to your loan application to get a quicker offer and improve your chances of getting a loan.

The loan will be paid out immediately after we have received (electronically) the signed loan agreement. If you sign the loan agreement before 09.30 on a working day, the money will appear in your account on the same business day. If the loan agreement is signed after 09.30 or on a weekend, the money will appear on your account on the next working day.

We grant business loans to limited companies, limited partnerships, general partnerships and entrepreneurs operating under a trading name. At the time the loan is granted, the company must be registered in the Finnish Trade Register and the persons responsible for the company must be resident in Finland.

Applying for a loan is very simple and quick. To apply for a loan, you can:

1. Click the Apply now button and fill in an application. It takes only a minute.
2. Within the next hour, we'll give send you an offer that is valid for 10 days.
3. If you want to accept the offer you can sign it with your BankID.

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