Multiple offers for business leasing
Why business leasing?
Many companies need to buy new equipment to grow their business. In some cases, you also want to use business leasing to free up capital by selling existing machines and lease them from a leasing company instead. Leasing for companies means that you don't have to take on as large an investment cost at the start, but can pay for use of the object on a monthly basis. Business leasing usually has a fixed monthly cost and fixed interest rate, which means that you can easily plan for the company's expenses.
Why Krea?
Krea's financing platform is specifically adapted for corporate financing and has Sweden's largest network of connected lenders for financing up to SEK 30 million. By comparing different leasing agreements, your company can choose the offer that suits your company, at the best possible monthly cost. Since Krea was founded, we have helped over 20,000 Swedish small and medium-sized companies gain access to business leasing and other financing solutions. An application is free and provides your company multiple leasing offers within 24 hours.
- Business leasing up to 30 million
- Offers already within 1 day
- Free application
Krea - When terms matter
Better terms
By using our platform you increase your chances of getting the best terms. We summarize all costs to make sure that you are fully aware of how much each alternative costs.
Time efficient
You do not need to apply to different leasing companies individually. We provide you with a quick overview of available financing solutions.
Advisory services
We help you to prepare the right documents for your request. Our financing experts support you in getting your request approved.
Leasing according to your needs
Business leasing extends over a range of different objects and can be adapted to the needs your company faces. Krea exposes several leasing companies to competition so that you get access to the best possible leasing agreement.
For example:
Excavator, tractor or tools
Lifting crane, skylift or scaffolding
For example:
Refrigerator, freezer or ventilation system
Work station, pizza oven or salad counter
For example:
Computers, printers or monitors
Desks, storage cabinets or office chairs
For example:
Steel shelves, wall fridge or reception counter
Glass stand, clothes stand or wall rails
For example:
Barbells, dumbbells or gym floor
Exercise machines, treadmills or cross trainers
For example:
Light/heavy truck, van or company car
Bus, horse transport or trailer
Why business leasing?
Advantages of business leasing:
- Optimized liquidity for your company as both purchase price and VAT are spread out over the duration of the lease agreement.
- The leasing period can be longer than the term of a business loan. It lowers your monthly cost and can be adjusted based on the object's economic life of up to 10 years (ie 120 months).
- Preserves your credit limit for other financing options as leases are often not fully counted as existing debt.
- Usually a fixed monthly cost with a fixed interest rate - this means you can plan your expenses better.
- Shorter decision-making process as the business lessee knows the fixed monthly fee in advance and can budget accordingly.
- Business leasing is booked as an operating expense and is therefore tax deductible.*
*A sole trader or small business that prepares simplified annual accounts must handle the expense as an operating cost, according to K1 and K2. If K3's accounting regulations are applied instead, the lessee must report the object and its obligations as an asset and liability in the balance sheet.
Technology that saves you time
1Apply in five minutes
Easily build your financing profile. We collect a lot of information automatically from public data sources, so that you can get access to offers faster.
2We prepare your financing request
We ensure that your business is presented correctly for lenders. Only one UC credit check is made on your company and provided guarantors.
3Get personalized suggestions
You receive several offers for leasing from different leasing companies, but also offers for other relevant financing solutions. Our system recommends proposals that best suit your business needs.
4Quick access to the leasing object
When you have chosen a financing offer to proceed with, the leasing company contacts you to confirm that all information is in place, before the leasing company pays the supplier for your desired leasing object.
We have helped over 20 000 companies
Questions and answers
Krea exposes more than 30 banks and lenders to competition for business financing. The following actors have the opportunity to give you offers on financing on our platform.
Business leasing
We cooperate with Nordic Finance and Marginalen Bank, among others.
Business loans
Marginalen Bank, Froda, Svea Bank, Aros Kapital, Capcito, CapIQ, Capitalbox, Corpia, DBT, Euro Finans, Fedelta, FINQR, FundingPartner, Kameo, Leasio Finans AB, Mynt, OPR, Qred, SBL Finans, Svensk Företagsfinansiering och Treyd.
Factoring
Ikano Bank, A.B.S Global Factoring, Svea Bank, Invoier, Alfa Finans, Billecta, Capcito, CapIQ, Euro Finans, Finansia och FINQR.
Real estate loans
SBP Nordic, Kameo, Svea Bank, Froda, Aros Kapital, Corpia, DBT, Euro Finans, Froda, FundingPartner och IMH Finans.
For larger financing solutions, Krea collaborates with all relevant banks and lenders, including most larger banks, for example Nordea and SEB.
Business leasing has a fixed monthly cost. Regardless of the interest rate situation, your monthly cost does not change, which makes it easier to plan the company's expenses. The monthly cost of leasing includes all fees and costs during the term and is usually the same or less compared to a business loan.
In addition to the monthly cost, you also need to consider that the leasing company usually requires the object to be insured. In addition, you will have to purchase the object (or return it) at the end of the contract period - the so-called "residual value" is usually not calculated into the monthly cost. When you apply for leasing through Krea, we will also give an indication of the insurance cost per month and how much residual value the quote from the leasing company means. A higher residual value then means that you need to pay more at the end of the contract to completely transfer ownership of the object to you.
- Select the item you want to purchase and from which supplier.
- Create an application with Krea where you attach the quote you received from the supplier or a link to the object
- Choose the right leasing company that can carry out the deal for you. The leasing company then pays the supplier and you pay a monthly cost to the leasing company.
- When the agreement has expired, you can extend the agreement, buy the object for a residual value or return the object.
- To apply for business leasing with Krea, you as the applicant must be a signatory within the company, e.g. CEO or management team.
- The company must be registered in and be operationally active in Sweden.
- For business leasing, it is a requirement that you have a quote from the supplier or a link to the object. There, it is important that the type of object, brand, supplier and the supplier's contact details are stated.
- If you are not a company signatory but have a leading role in the company (e.g. CFO), you can always contact our customer service, kundservice@krea.se, for assistance with your application.
At Krea, you can apply business leasing up to SEK 30 million.
For larger financing needs, you are welcome to contact one of our financing experts.
There are several advantages to applying for leasing by a broker instead of going directly to a leasing company;
- With a broker, you put the leasing companies in competition with each other - and thereby pressure them to give you the best possible terms.
- Going to an broker first can often give you more different possibilities for leasing, which increases the chance that you will find a suitable solution for your company.
- Through brokers, you get a more transparent comparison and because the conditions in the proposals are set in relation to each other, you get a better overall picture of the costs and avoid hidden fees.
It is always free of charge and non-binding to apply for business leasing at Krea.
Unlike business loans, leases are mostly locked in to the original repayment period.
If you sell or transfer the object during the term, however, you can apply to also transfer the lease agreement to the buyer. It does, however, include that the leasing company must approve the buyer as lessee.
Yes, you can lease used or new machinery, vehicles or equipment.
In the case of used machines and equipment, it is important that the price for which you are to buy the machine can be verified against similar transactions and thus can be considered a market value by the leasing company. For example, it is more difficult to lease a used excavator that is not from a well-known brand.
Some leasing companies do not finance the entire purchase price for your company. The leasing company still pays the full price to the supplier before delivery, but your first monthly cost is increased by a certain amount. This amount is usually referred to as the first increased leasing fee and can, for example, correspond to 10% of the purchase price. This means that you need to finance 10% of the purchase with other liquid funds.
Residual value only applies to financial leasing (ie not operational leasing/rental). It describes the expected market value of the lease object at the end of the lease period. After the end of the leasing agreement, you have the option to buy the leased object by paying the residual value to the leasing company.
In both financial and operational leasing, the leasing company is the formal owner of the leased object. This means that the leasing company has security in the object and can therefore offer leasing financing to your company with attractive terms. In addition, VAT is deductible.
A financial leasing agreement must be reported as an installment purchase on the first accounting occasion. This means that the lessee must report his rights and obligations according to the financial leasing agreement as an asset and liability in the balance sheet.
For an operational leasing agreement, the leasing fees, including an initial increased rent but excluding expenses for services such as insurance and maintenance, must as a general rule be recognized as an expense in the income statement linearly over the leasing period.
About business leasing
How does business leasing work?
Business leasing is a cost-effective financial solution that helps to meet your need for machinery or other equipment, without requiring a large investment. Our partners buy in and stand as formal owners of the leasing object, and give you access to the object for a fixed monthly fee where you pay for the use but not the ownership. The monthly fee is based on the value of the object as well as the desired length of the agreement and the interest rate terms. In addition to the monthly fee, you pay VAT monthly for the object instead of paying all VAT in advance.
Through Krea's network of leasing companies, we help you get the market's best terms for your leasing agreement.
What is the difference between business leasing and renting?
Leasing - also called "financial leasing"
The leasing company buys the object for you from the supplier. During the agreement period, you pay a fixed monthly cost and VAT to the leasing company. After the contract period, you can buy the object by paying the residual value to the leasing company. Financial leasing is suitable for objects that you would like to own completely after the end of the agreement.
Rent - also called "operational leasing"
The leasing company buys the object for you from the supplier. You pay a fixed monthly cost to the leasing company. The agreement differs above all at the end of the agreement period, when there is no residual value. It also means that the monthly cost is usually higher for operational leasing - as you have no residual value left to pay. Renting is suitable for equipment that often needs to be updated, such as IT equipment and other things where you do not wish to own the object after the end of the agreement.
Through Krea, you can tender contracts for both business leasing and rent. We compile all costs so you don't have to do the math yourself.