Growth loans for entrepreneurs and small businesses — a path to success

What is a growth loan?

A growth loan, also known as a loan for growth, is a financing option that helps entrepreneurs and small businesses realize their growth plans. For companies that have the potential to grow but lack the necessary capital, a growth loan can be the way to take the business to the next level. At Qred Bank, we offer growth loans with flexible terms and a fast application process, so you can focus on what's important — running and growing your business.

Why Choose Qred Bank for Growth Loans?

Since our founding in 2015, Qred Bank has specialized in helping small and medium-sized businesses with simple and fast financing. We offer business loans up to DKK 3 million, adapted to the specific needs of small businesses and entrepreneurs when they want to grow. Our digital approach means you can apply for a growth loan entirely online and you'll get a response within an hour. The money can be in your account on the same day, so you can quickly begin your growth initiatives.

Advantages of a growth loan at Qred Bank

When choosing a growth loan from Qred Bank, you will have access to several benefits adapted to small businesses and entrepreneurs:

1. Loans up to DKK 3 million
   With a growth loan at Qred Bank, you can borrow up to DKK 3 million. This amount allows both large and small growth initiatives to be funded, whether it is expanding the business, developing new products or hiring more staff.
2. Quick and simple application process
   The application process is digital and takes only a few minutes. We'll give you answers within an hour so you can quickly make decisions and get started on your growth plans.
3. No binding time
   Our growth loans have no commitment period, giving you full flexibility. You can pay off the loan when it suits you best, at no extra cost. This freedom is important for companies that want to be able to adapt their finances in line with the needs of the company.
4. Fixed monthly charge
   With a fixed monthly fee, you know exactly what the loan costs each month. There are no hidden fees or interest rate changes, so you can budget without surprises.

Growth loans for small businesses

It costs money to make money. This is how a well-known saying in business sounds. And most business owners know that in order to grow, you often need to spend money. This may include an expanded inventory, investments in development, employees, marketing and the like.

Pay attention: Growth also squeezes the company

Growth is basically good, but it is also laborious, to say the least. In a growth phase, you often experience increased expenses, as you will often have more money tied up in fro for example a larger inventory, more salaries, suppliers, development. Basically, expenses that the company has even before the sale has started and has yielded returns. In a growth phase, it is therefore crucial that business owners have control over the company's cash flow — that is, the funds available to the company to pay bills here and now. Especially for smaller companies, allowing customers to pay in advance, or possibly divide the payment into installments for customers, so that the company has received part of the payment before the delivery of the product can be an advantage and strength of liquidity.

A word of advice: Don't forget to have a buffer, which can keep the company running until the returns are in the account.

One can illustrate this by, for example, looking at a transport company. To increase revenue, you can buy another truck and hire a driver. However, if you hire only one driver, and instead of buying a new truck, but instead drive longer with the trucks you already have by, for example, driving in the evenings and on weekends, you will not increase the cost as much, but the earnings will be greater.

A word of advice: keep costs down and make sure you make the best use of your investments.

How can a growth loan support your business's success?

A growth loan from Qred Bank can be the springboard that enables your business to take the next step towards success. Here are some ways in which a growth loan can help your business grow:

• Expansion of business
  Do you want to open a new branch, expand your existing premises or add new production facilities? A growth loan can provide you with the necessary funds to realize these plans.
• Product development
  Many companies dream of launching new products or upgrading existing ones, but product development often requires capital. With a growth loan, you can invest in product development so that you can offer your customers innovative solutions.
• Marketing and branding
  To grow, it is important to be seen and remembered by customers. With a growth loan, you can finance marketing campaigns, improve your online presence and strengthen your brand to attract more customers.
• Recruitment of new employees
  For many entrepreneurs and small businesses, growth means they need extra hands. With a growth loan, you can finance salaries and create new jobs so that the company is equipped for the future.
• Purchase of tools and machines

Apply for a growth loan with Qred Bank today

Qred Bank makes it easy for you to get a growth loan for your business. Whether you are running a start-up business or a well-established business looking to expand, we are here to support you. Apply online today, get an answer in one hour and receive the money the same day so you can kick start your growth initiatives right away.