Business line of credit

Krea lets more than 30 banks and lenders compete for your business. The following lenders have the opportunity to give you proposals for business credit:

Svea Bank, OPR, Capitalbox, Treyd and Capcito.

In addition to business credit, your company can also receive proposals for business loans, real estate loans, invoice finance and/or leasing with the same application.

The following actors are able to give you suggestions for other financing solutions: Marginalen Bank, Froda, Aros Kapital, DBT, Euro Finans, Fedelta, FundingPartner, IMH Finans, SBP Kredit, Kameo, Mynt, Qred, Bizcap, Akela, Terox Finans, SBL Finans , Ikano Bank, A.B.S Global Factoring, Invoier, Billecta, CapIQ, and Finansia.

For larger financing solutions, Krea cooperates with all relevant banks in Sweden, including most major banks, for example Nordea and SEB.

With business credit, you pay a running interest on the amount you withdraw, in this way it works like a credit card. With some lenders, there may also be requirements for a certain amortization of the amount used and that some actors also have a static annual fee.

In addition to these usual expenses, which are found at both large banks and niche banks, business loans can also have a set-up fee, which is paid at the beginning of the term. Some lenders also have a withdrawal fee of 1-3% which is paid each time you withdraw a larger amount from your credit limit.

Since interest rates and fees differ greatly, it is important to review all fees and what the total cost will be. In our service you get a fair comparison where we both calculate an effective monthly interest rate and that we report the total cost including all fees.

Yes, as long as the basic requirements are met, it is possible to create an application even if a partner is resident abroad.

To create an application at Krea, it needs to be signed via BankID by a company signatory, so the person creating the application must have a Swedish BankID.

If the person is to be listed as a guarantor in the application, it is also important to think about where they have their income, the assessment of a guarantor is made based on the person's taxed income in Sweden. If the person has no income in Sweden in recent years, the lenders usually cannot accept that the person pays for the financing.

Unfortunately, we cannot help you with an application without the organization number being registered with the Swedish Companies Registration Office. Even if you have submitted your registration to the Swedish Companies Registration Office, it can take up to a month before it is completed and the information is in our systems. If you are unsure whether your company is registered yet, you can search for the organization number at the Swedish Companies Registration Office.

However, you are welcome to contact us if you are looking for advice for a future financing need. We will be happy to help prepare you for the application in the best possible way.

Yes, even start-ups can get business loans.

As a start-up company has less historical data to show, it is recommended to include the following documents with your application:

• Business plan
• Liquidity budget, especially if you want to apply for a larger loan for the company.

This can give an indication of the ability to repay the company loan even if you do not have a financial statement ready yet.

When you specify a guarantor, it means that that person is obliged to take over the debt if the company cannot pay on its own. The guarantor is most often used in cases where the company is unable to make repayments and thus functions as an extra security for the lender.

In the application at Krea, we recommend that you state yourself as a guarantor, we have seen that this leads to a higher probability of having your application approved.

In addition to you as guarantor, other people on the board can also be guarantors for all banks and other lenders. Some lenders can also accept outside persons as guarantors after an individual assessment, you can always indicate which persons should be guarantors in your application by providing their social security number and email.

Yes, but only one UC is registered on your company and one UC on you if you are a guarantor.

Please note that the lenders take additional credit information within the framework of loan brokerage on behalf of Krea Technology AB, but this information is NOT counted as a separate UC and does not affect your credit rating. This is because Krea has a collaboration with UC that allows several lenders to take part in one and the same UC.

The lenders can sometimes take information via other institutes (e.g. via CreditSafe or Bisnode), but these do not affect the creditworthiness of the company or specified persons.

A single UC does not significantly affect your company's credit rating. It is only if several UCs have been taken over a shorter period that it can negatively affect the credit rating.

We recommend that you include as much relevant information as possible for the lenders when creating the application.

The more relevant information the lenders receive, the more accurate the risk assessment they make, which in turn leads to them being able to give the best loan proposals.

Examples of information that is of interest to lenders are:

• Balance sheet and income statement for the last 12 months
• Additional collateral in the form of, for example, a property mortgage or business mortgage.
• That you specify at least one guarantor, where you can specify yourself or other people on the board.
• In case of larger financing needs, it is also advantageous to add a liquidity budget for the coming months.