Business loan | Up to 30 million

Krea lets more than 30 banks and other lenders compete in company financing.

Marginalen Bank, Froda, Svea Bank, Aros Kapital, Capcito, Capitalbox, DBT, Euro Finans, Fedelta, FundingPartner, Kameo, Mynt, OPR, Qred, Bizcap, Akela, Terox Finans, SBL Finans, and Treyd.

In addition to business loans, your company can also receive proposals for Real Estate Loans, Business Credit, Leasing, and/or Factoring with the same application.

The following entities have the opportunity to provide you with proposals for other financing solutions: Ikano Bank, Nordic Finance, Finansia, Invoier, ABS Global Factoring, Grenke Leasing, CapIQ, IMH Finans, SBP Nordic, SBP Kredit, and FINQR.

For larger financing solutions, Krea collaborates with all relevant banks, including most major banks, such as Nordea and SEB.

We annually present an analysis of the best lenders in business loans among the 30 lenders and banks that Krea cooperates with.

Which bank stood out as the best when it came to business loans in 2023?

According to our analysis and evaluation of the lenders we work with, we believe that Froda, Marginalen Bank and Aros Kapital have been the lender that offered the best solution for small businesses in 2023. Our analysis was based on five criteria: flexibility, interest rates for business loans, time to payout, payout ratio and requirements for a personal guarantee.

» Read more: Krea's guide to the best business loans 2024

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.

On paper, the answer is "yes", but most lenders usually require a personal guarantee to grant a business loan. Most often, the guarantee commitment can be limited in amount and it is unusual for an individual person to guarantee a loan amount over SEK 1 million.

The following securities are possible collateral for a business loan:

• Personal guarantee
• Parent company guarantee
• Company mortgage
• Property mortgage
• Share pledge
• Pledge of invoices

For business loans up to SEK 1 million, it is usually sufficient for one or more people on the board to enter into a guarantee commitment. For larger amounts, the bank usually requires additional collateral (such as the parent company guarantee and/or company mortgage).

Yes, in many cases, you can pay off the entire business loan in advance. In several cases, it is free of charge, and with some lenders, there may be a small fee for doing so.

This information is clearly stated when you receive your various business loan proposals.

When you apply for financing through Krea, only one (1) UC credit report is taken on your individual company. We do not collect any additional information about you as a person, as UC provides the same information with a company information.

For individual companies and other forms of business (e.g. trading companies), the lenders must, according to the Credit Information Act (1973:1173), send information to you as the owner that they have received the same information. However, this information is NOT counted as a separate request and thus does not affect your 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.