Utmärkt 4.6 / 5

Who can be a guarantor?

When specifying a guarantor, it means that the person becomes obligated to take over the debt if the company cannot pay voluntarily. Guarantors are usually used in cases where the company cannot meet the repayments, serving as an additional security for the lender.

In the application with Krea, we recommend that you specify yourselves as guarantors, as we have observed that it increases the likelihood of your application being approved.

In addition to you as a guarantor, other individuals in the board can also act as guarantors for all banks and other lenders. Some lenders may even accept external individuals as guarantors after an individual assessment. You can always specify who should be guarantors in your application by providing their personal identification numbers and email addresses.