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We offer business loans that work like an overdraft to all types of businesses. This is how a business loan through Qred works:
The loan has...
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Qred Bank does not offer an overdraft, but has a flexible business loan that works like an overdraft.
Overdrafts provide businesses with flexible short-term financing by offering a credit line that can be drawn on as needed, with interest only on the amount used. This is ideal for covering sudden expenses and seasonal fluctuations without long-term loan commitments. Proper use of overdrafts can ensure necessary working capital, maintain liquidity and support growth.
Overdrafts are a popular form of short-term financing that gives businesses the flexibility to handle fluctuations in liquidity and secure the necessary working capital. This type of credit is particularly useful for covering ongoing operating expenses and investing in small-scale projects without having to take out long-term loans.
Overdraft works as a credit limit that the company can draw on as needed. In contrast to a normal loan, where the entire loan amount is paid out at once, overdrafts offer a framework that the company can freely use up to an agreed limit. The interest is only calculated on the part of the credit that is actually used, which makes it a cost-effective solution for short-term financing. This allows businesses to deal with sudden expenses or take advantage of immediate business opportunities without delay.
Working capital is essential to any business's day-to-day operations, from paying suppliers to managing payroll. With an overdraft, companies can ensure that they always have access to the necessary capital to maintain smooth operations. This is particularly important in periods of unpredictable cash flow, such as seasonal fluctuations in sales or unexpected expenses. By using overdrafts as a buffer, businesses can avoid the financial disruptions that often accompany these fluctuations.
Kassekreditt thus offers an efficient way of financing ongoing needs for working capital, without the restrictions and long-term obligations that come with traditional loans. For businesses that need immediate access to funds to meet short-term needs, this is an ideal financial tool. When used correctly, it can help companies maintain liquidity, support growth and navigate financial challenges with greater confidence. Be sure to calculate the loan costs before you sign.
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.
