Krea has now launched Revolving Credit together with selected lenders - an effort to make flexible financing available to more companies
The current economic landscape is volatile, to say the least, making it hard for companies to predict, and plan for changes in their ongoing operations. As the general unease on the market accelerates, increased demand for flexible financing is becoming more prominent. For this reason, Krea has now launched Revolving Credit as a flexible option for financing together with selected lenders. The launch of revolving credit will grant more companies easy access to flexible financing on the best possible terms.
An unsteady market
In the turmoil of the Covid-19 pandemic, and with a strong correlation to the current conflict in Ukraine, the state of the Swedish market has drastically changed. Increased uncertainty with regards to the availability of raw materials and inputs has resulted in increased costs and high inflation, which affects many companies. The uneasy state of the market makes it increasingly important to explore and compare possible financing alternatives in order to avoid unnecessary costs.
"During these past six months, we have witnessed a drastic shift in the pillars of the economy, making it increasingly difficult for business owners to plan their operations and liquidity. Many companies will find it difficult to know if, and when an eventual need for external financing might present itself.” Says Carsten Leth, Chief Commercial Officer at Krea
Revolving credit - flexible financing with Krea
With the intent of increasing flexibility for our customers, Krea has, together with selected lenders, launched revolving credit as a financing option. With revolving credit, companies only pay interest on the amount of the credit that is actively being used. Effectively making it a cost-effective way of parrying unforeseen fluctuations in the operations.
“In some instances, revolving credit can be viewed as a cost-effective shield for future, and unplanned, fluctuations in liquidity. We, therefore, see revolving credit as a relevant product amongst Kreas financing options for companies including company loans, real estate financing, factoring, and financial advisory.” Says Carsten Leth, Chief Commercial Officer at Krea.
Krea is always striving to provide companies with the best possible financing solutions, and the launch of revolving credit is another step in this direction.
Learn more about revolving credit with Krea - Checkkredit (SWE)
For more information
Carsten Leth
Chief Commercial Officer
Mobile: 0727196659
E-mail: carsten.leth@krea.se
About Krea
Krea is the natural place for small businesses to realize their growth potential by getting instant access to the best credit.
Krea’s digital comparison platform makes it easy for SMEs to find credit to the best possible terms. We have supported more than 20 000 Swedish companies to find financing by providing a market comparison of 25+ lenders. The service is digital and enables companies to find, compare and close financing up to 30 million SEK without hassle.
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