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What are the requirements to get financing for equipment?

First of all, you need to choose a supplier and what equipment you want to buy or lease. Through Krea, you can basically finance all types of machines, regardless of whether they are new or used.

In addition to the machines themselves, the lender has demands on the company. Common requirements are:

  • The company must be registered in Sweden
  • The company must have been active for at least 3 months

You can apply for equipment financing regardless of whether you own a limited company, sole proprietorship or trading company. Usually, the object itself is the only security for the loan or lease. In some cases, lenders may require a guarantee commitment.

There are no formal requirements that the company needs to make profit or to not have payment remarks. However, a well-managed economy in the company and a better credit rating lead to better conditions.