Creditore is aimed at Swedish companies that need fast corporate loans to finance their business concept. Efficient help thanks to clear terms and fixed prices. Borrow between 10,000 up to SEK 500,000 over a term of 3 to 12 months. Depending on which financial solution your company is in need of, you can either apply for a corporate credit or a loan. No security is required, only the guarantor should have a good credit rating. The application takes no more than a couple of minutes by signing BankID, then you get an answer directly and payment the same day.
Creditore, corporate loan SEK 10,000 – SEK 500,000:
- Swedish corporate loan without UC
- Only fixed costs
- Loan message the same day
- Flexible payback time
A business loan from Creditore can quickly be applied for as well as quickly paid out, which is perfect when acute investments or unpredictable expenses have to be paid off immediately. A flexible loan can also facilitate when your company is in the start-up phase and needs a smaller amount that can be paid off already after 3 months. Creditore is especially applied to companies in business, both when it comes up and when facing financial challenges.
Advantage of fixed cost for a business loan
Instead of setting a variable interest rate that varies from customer to customer, as many other lenders do, Business Credit has chosen to only have a fixed cost on its corporate loan / corporate credit. The cost is the same throughout the term and all costs that may be added are baked directly into the price, which makes it extra clear. The advantage is that you can plan the company’s budget with better track and clear overview of the exact expenses that you will have during the repayment period. This usually benefits the economy as a whole. If there is then any difference in the total cost of a loan with a fixed fee instead of interest, it depends entirely on factors such as how large the risk the lender takes, sum and duration.
Apply for business loans via Creditore
Applying for a business loan through Creditore takes just over 5 minutes, as long as you have all the necessary information close at hand. The application takes place in 4 steps, the first one filling in the desired amount, maturity and contact details. Then you go for some general questions about your company. Furthermore, you need to fill in the details of the responsible person and guarantors and then you are almost ready and need only verify themselves via BankID.
Payment and credit check
When all responsible persons, including guarantors, have approved and signed the application with BankID, direct processing takes place (during customer service opening hours). If you send in the application before 15:00 on a weekday you get your decision the same day. After that, direct payment of the corporate loan takes place, one sends in his application after 3 pm or during a weekend, payment is made the next banking day. It usually takes 1-2 business days for the money to appear in the account, but you, like Creditore, Danske Bank can do so faster than that.
To become an approved loan of up to SEK 200,000, it is required that a private person goes into the procurement guarantee and for loans over SEK 200,000 it is required that two persons do so. Business Credit provides corporate loans without UC when Bisnode is used instead. All applicants (owners and guarantors) must have a good creditworthiness without payment remarks.
Interest and expenses at Creditore
Business Credit charges a fixed fee for their loans, which includes both interest and administrative costs. The price is presented after you have submitted your application, before you approve the agreement, after which you know what the exact cost will be in advance, and that it applies during the entire contract period. Example : A loan of SEK 50,000 for 6 months comes with an associated fee of SEK 11220, upon which the total monthly cost (incl. Amortization) lands on SEK 10203. The higher the loan amount, the higher the total cost. On the website you can see more price examples.
Requirements for you as a borrower:
- Swedish company registered with the Swedish Companies Registration Office
- The company and those responsible must have good creditworthiness
- The company has no payment remarks
- The guarantor / men have no payment remarks
- The agreement must be signed with BankID
- Approved funding requires at least SEK 700,000 in sales + financial statements
- The loan paid the same day
- Relatively short maturity, max 12 months
- Clear terms and costs