Qred raises its loan limit — aims to provide greater flexibility

Qred, the bank for small businesses, is increasing the maximum amount for business loans. Small business owners can now apply for loans of up to 5 million SEK.

Stockholm, June 12, 2024 - Qred, Europe's newest bank, is raising the loan limit for small business owners. Customers can now apply for loans up to 5 million SEK, an increase of 3 million SEK from the previous maximum amount. The increase is part of Qred's ongoing effort to better meet the needs of small business owners and support their business goals.

"We have seen increased demand from small business owners for larger loan amounts, especially in connection with expansions and investments in their businesses. By raising the loan limit to 5 million SEK, we want to offer small business owners greater flexibility and better opportunities to develop their companies," says Emil Sunvisson, CEO of Qred.

The increase has been implemented in four of Qred's six markets: Finland, Sweden, Norway, and the Netherlands, and is planned to be implemented in all markets shortly.

For more information, please contact:
Andrea Romander
Head of Communications & Sustainability
andrea.romander@qred.com

About Qred

Founded in 2015 by entrepreneurs for entrepreneurs, Qred has quickly become the business bank with Sweden's most satisfied customers. As the only Swedish company, Qred has qualified for the Financial Times list of Europe's fastest-growing companies for four consecutive years. Qred is the market leader in Northern Europe for automated online business loans. Qred is also the proud winner of the Nordic Scaleup Award 2024, confirming its commitment to innovation and growth. With operations in Sweden, Finland, Denmark, the Netherlands, Brazil, Belgium, and Norway, Qred has helped over 50,000 businesses reach new heights. Our fully automated and proprietary credit assessment system enables Qred to quickly and competitively offer entrepreneurs the financing they need to expand and thrive.