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We all have a responsibility to contribute to the green shift. In 2021, more than 400 Norwegian companies and research institutes applied for funding for their green projects through the Green Platform competition, an initiative that is a collaboration between
The Research Council, Innovation Norway, Siva and Enova. Innovation Norway has previously reported that almost half of supported projects in 2020 went to projects with a defined positive environmental impact.
For us at Qred, it is important to create more sustainable and environmentally friendly solutions, which is why we have now launched green loans. We want to help your company make good choices for the environment.
There are many advantages to taking out a green loan, but first and foremost, it contributes to the green transition in Norway and contributes to the path towards achieving the UN's sustainability goals.
In addition, investing in green solutions builds your brand and is attractive to customers and employees.
Another advantage is that you also get better terms than by taking an ordinary business loan.
At Qred, we offer green loans so that businesses can make environmentally friendly investments.
The focus of green loans is to give companies the opportunity to create better solutions that are good for the environment and the climate.
With rising energy prices, sustainable initiatives are becoming even more relevant. By thinking about sustainability in terms of a self-sufficient energy source, the company becomes less vulnerable to external factors.
NRK writes that in 2022 there was a doubling of energy that came from solar panels in Norway. Bloomberg also writes that in 2022 as much was invested in green energy as in fossil fuels, and this is the first time this has happened.
Green loans are a product from Qred Bank.
In order for Qred to offer a green loan, the company must be able to show active measures towards a greener investment. This could be an invoice for payment for an electric car, an offer for solar panels, or an order confirmation.
The loan that Qred offers must comply with the already existing processes, where we e.g. looks at the company's turnover and assesses whether the company is able to repay the loan.
Qred Bank offers green loans for companies that want to invest in sustainable solutions and contribute to the green shift in Norway. Green loans offer better terms than regular business loans and can be used for environmentally friendly measures such as renewable energy, energy efficiency, and less pollution. With a quick and easy application process, Qred offers competitive loans for Norwegian companies that want to take responsibility for the environment.
We help Norwegian businesses with financing every single day. This creates room for business owners to focus on what they do best - running a business. And now we want to give you who invest green even better terms.
It can be difficult for small and medium-sized enterprises to get support from banks to get started. At Qred, we want to change this!
Examples of what you can use a green loan for:
- Environmentally friendly transport (electric car or freight transport)
- Renewable energy (solar, wind and hydropower)
- Energy efficiency (energy storage and district heating)
- Less pollution (water purification and waste management)
At Qred Bank, we always offer an individual assessment of each business when we receive a loan application. In that process, we ask for documentation of the company's turnover as well as the owner's personal annual statement.
For our green loan, we will also request documentation that specifies the nature of the green investment or acquisition. After this, we make an assessment and may come back to you with a loan offer where we reduce the monthly price. Discounts and lower prices are offered on the basis of the individual credit assessment.
With a green loan, you can still repay the loan early, at no extra cost. The loan also has the same fast payout as a regular loan with Qred, i.e. the same day as the loan is approved. And there are no hidden fees either.
We reserve the right to follow up on the investment so that we can monitor how our green loans are helping to drive the green transition in Norway. To understand the cost of a business loan or green loan, you need to calculate the loan yourself, talk to your loan officer or use a loan calculator.
Founded in 2015 by entrepreneurs for entrepreneurs, Qred offers Norwegian business owners a new and different option for business financing. Today, Qred is the market leader in the Nordics, something we are very proud of.
We launched our services in Norway in 2022 and have helped thousands of Norwegian entrepreneurs. Our friendly and experienced team understands the challenges and needs of business owners, and we are proud to be one of the highest-rated business lenders on Trustpilot.
We help you find the best solution for your business.
Kristina is responsible for the Norwegian market and has a broad background in banking and finance with over 5 years of experience at Nordnet. She has a bachelor's degree in Marketing and Management from Inland Norway University of Applied Sciences. Kristina helped start up the Norwegian market from scratch in January 2022.
