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 17:00. Depending on holidays and weekends, there can be a couple of days before the funds reach your business account.
The loan is paid out the same day after you accept our offer, as long as that happens by 17:00. Depending on holidays and weekends, there can be a couple of days before the funds reach your business account.
It's easy to apply and takes about 60 seconds, and there's no cost to apply. There are 3 easy steps:
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 evaluateeach business individually - the key for us is that there is a solid business idea and qualified business owners behind the company.
You can call 020-150 333 or send an email to support@qred.se.
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.
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!
M.Sc. Accounting (Åbo Akademi University).
Former COO and Business Development Manager at Tact Group.
Board member since 2019. Born 1964.
Ba & MSc Business Administration & Marketing (Copenhagen Business School).
Chairman of Acast and board member of ICA Gruppen, BillerudKorsnäs and Dixons Carphone.
Chairman of the Board since 2017. Born 1972.
M.Sc. in Engineering Physics (Uppsala University).
CEO at TF Bank.
MBA (Stockholm School of Economics), M.Sc. Engineering (Royal Institute of Technology in Stockholm).
Former CEO of Cherry.
MBA (Stockholm School of Economics). MA Econ (Duke University).
Former Nordic Strategic Manager at Trygg Hansa and Management Consultant at Oliver Wyman.
Bachelor Comm Finance and Marketing (University of Toronto).
Former CMO at Hedvig, Director of Marketing at Truecaller and Marketing DIrector at Spotify.
M.Sc. Industrial Engineering and Management (Helsinki University of Technology).
Former Pricing & Capital Planning at SBAB, Team Lead Risk at Skandiabanken and Consultant at Oliver Wyman.
M.Sc Decision Support & Risk Analysis (Stockholm University) and 1:1 B.Sc. Computer Systems Engineering.
Former Engineering Manager at Worldfavor.
Qualified as a solicitor in England and Wales, and the Republic of Ireland (BPP Law School, London).
Former Associate at Hogan Lovells International LLP.
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.
MBA (Stockholm School of Economics), M.Sc. Engineering (Royal Institute of Technology in Stockholm).
Former CEO of Cherry.
MBA (Stockholm School of Economics). MA Econ (Duke University).
Former Nordic Strategic Manager at Trygg Hansa and Management Consultant at Oliver Wyman.
Bachelor Human Resources Management (Uppsala University).
Former HR manager at Nasdaq OMX, Teracom, Proffice, Red Cross and Dahl.