Unsecured business loans - Unsecured loans for your business

No binding time

It is free and non-binding to apply

No hidden costs or participation fees

Receive a non-binding offer for a business loan

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Unsecured corporate credit

We offer business loans for all types of businesses. This is how a loan through Qred works:

  1. The application takes 1 minute
  2. You will be notified within 1 hour
  3. The money is paid out the same day

The farm loan has...

  • No start-up fee
  • No binding time
  • No hidden costs

Welcome to submit an application!

Unsecured business loans are a popular option for many small and medium-sized businesses that need funding but may not have assets to put up as collateral. In this overview, we'll take a closer look at what an unsecured business loan entails, how it works, its benefits, potential drawbacks and what you should consider before applying for one.

What is an unsecured business loan?

An unsecured business loan is exactly what it sounds like - a loan that doesn't require your business to provide any form of collateral, such as property, vehicles or other valuable assets, to guarantee the loan. This differs from secured loans, where you have to provide something valuable that the bank can take if you can't repay the loan.

How does it work?

When a company applies for an unsecured loan, the lender assesses the company's creditworthiness based on the company's financial history, credit ratings, financial statements and other financial indicators. The lender attempts to assess the risk of lending money based on the company's ability to generate revenue and manage its debt.

Benefits of unsecured business loans

  1. No collateral requirements - The biggest advantage is that you don't have to risk important assets of your business. Should your business struggle to repay the loan, your personal assets and important business assets such as equipment and property are safer.
  2. Faster process - Without having to value collateral, getting a loan is often quicker. This is ideal for businesses that need money quickly.
  3. Flexibility - Unsecured loans often have flexible repayment terms, which can help businesses manage their finances more effectively.

Disadvantages of unsecured business loans

  1. Higher interest rates - Since the lender takes a higher risk by not requiring collateral, the interest rate may be higher than for secured loans.
  2. Smaller loan amounts - Lenders may be less inclined to offer large unsecured loans, limiting the financing of larger projects or investments.
  3. Stricter credit requirements - Businesses may need to have a higher credit score to qualify for an unsecured loan.

What should you be thinking about?

Assess your financial situation - Before applying for an unsecured loan, it's important that you carefully review your company's financial situation. Make sure you have a solid business plan and a clear repayment strategy. Feel free to calculate it with our calculator.

Compare different options - Look at different lenders and their terms. Compare interest rates, fees, loan terms and customer reviews to find the best deal for your business.

Understand the agreements - Read the loan agreements carefully. Be aware of all fees and costs associated with the loan and what happens if you can't repay the loan on time.

Qred can help you with unsecured business loans

Unsecured business loans offer small and medium-sized enterprises a great opportunity to access capital without the risk of putting up assets as collateral. It can be an excellent tool for financing expansion, managing cash flow or investing in new projects. With good planning and an understanding of the terms and conditions, such loans can be an effective way to strengthen your business.

About Qred

Our history

Founded in 2015 by entrepreneurs for entrepreneurs, Qred is one of Europe's fastest growing fintech companies, according to the Financial Times. Qred has delivered profitable growth from the start and is the market leader in the Nordics with Norway's most satisfied customers, according to Trustpilot.

Qred has operations in Norway, Sweden, Finland, Denmark, the Netherlands, Belgium, Germany and Brazil and has issued hundreds of thousands of loans to small businesses. A fully automated and proprietary credit scoring system allows Qred Bank to quickly and competitively provide entrepreneurs with the support they need to grow.

Man holding a large Qred VISA

Interested in business loans? Contact Qred Bank!

We love small businesses. Get in touch and tell us how we can help you and your company!
08:00 - 16:30 (Mon-Fri)