Business loan with payout within 24 hours

A business loan gives your company more financial leeway and flexibility. It provides additional funds that you can use flexibly as needed. This ensures that your company receives the necessary capital in good time to optimally support growth and daily business.

Traditional big banks

Traditional big banks still have local branches where you need to make an appointment to meet a local advisor. It often takes several days or weeks to get a response, and the application process can be very time-consuming. In the worst case scenario, no loan is approved after all this effort, as traditional banks often do not have the necessary tools to correctly assess risks for smaller companies. FinTech scale-ups such as Qred, on the other hand, specialize in these requirements.

Small business loan with Qred

Firmenkredite können den Betrieb Ihres Kleinunternehmens reibungsloser gestalten, indem sie finanzielle Freiheit unterstützen. Bei Qred verstehen wir die besonderen Bedürfnisse von Kleinunternehmern und bieten maßgeschneiderte Finanzierungslösungen, die schnell, flexibel und unkompliziert sind. Unser Ziel ist es, Finanzierungen einfach und zugänglich zu machen, damit Sie sich auf das Wesentliche konzentrieren können: die Führung und das Wachstum Ihres Unternehmens.

Interest and fees on business loans

At Qred, we want to make things as easy as possible for you. That's why we charge a fixed monthly fee for the loan so you know exactly what you're going to pay each month. There are no entry fees or hidden costs for early repayments. On the contrary, we even encourage you to repay early. Our loans have no commitment period and offer the option of taking a repayment break of up to three months.

Common types of business loan costs

Other common costs for business loans may include set-up fees at the start of the term, administrative fees, and various interest rates or hidden costs. But with Qred, you don't have to worry about such hidden costs.

When should you consider a business loan?

There are various situations in which taking out a business loan makes sense: to bridge a temporary decline in sales, to make long-awaited investments, or to promote growth in your company. Debt restructuring, in which you want to combine several expensive loans into a single one, can also be a reason. Regardless of the reason why you need a loan as an entrepreneur, Qred is there for you.

How to apply for a business loan with Qred

Applying for a business loan with Qred is fast, secure and completely digital. The process consists of three easy steps:

1. Apply for the loan in one minute: The application is quick, easy, free and non-binding.
2. Response within an hour: After your request, we will get back to you within an hour and let you know how much money is being granted to your company.
3. Same-day payout: Sign with SignID and receive your money the same day.

You can borrow from us ranging from €5,000 to €200,000.

General requirements for business loans

If you're applying for a business loan as a small business owner, there are a few basic requirements that are often set by lenders. These may vary, but here are the most common among traditional lenders:

• Registered company: Your company must be officially registered, have a valid company number and a tax certificate.
• Length of business activity: Many lenders require your company to be active for at least six months to a year.
• Financial soundness: Your company should have a stable financial structure and not be bankrupt. Creditworthiness is usually assessed by a credit report.
• Turnover requirements: Some lenders have requirements for your company's annual turnover, which must often exceed a certain limit.

In addition, it is often necessary for the owner or managing director of the company to act as a guarantor, which means that he is personally liable if the company is unable to repay the loan. These requirements are intended to ensure that your company is able to manage and repay the loan, minimizing risk to the lender.

How do you find the best business loan?

Most people have a “house bank,” usually a large traditional bank, for private finances such as real estate loans and current accounts. Many prefer to separate their personal finances from business ones. However, at Qred, we offer you a top-notch, personalized service for your business financial needs!

What should you look for when choosing a business loan?

When taking out a business loan, you should consider the following:

• No additional debt: Don't borrow money if you already have too much debt.
• Repayment capacity: Don't borrow money if you know you'll have trouble paying it back.
• Be careful when investing: Don't borrow money for risky investments whose success is uncertain.

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