Qred raises loan limit to 5 million SEK
Qred, Europe's newest bank, is raising the loan limit for small business owners. Customers can now apply for loans up to 5 million SEK, an increase of 3 million SEK from the previous maximum amount.
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The increase is part of Qred's ongoing effort to better meet the needs of small business owners and support their business goals.
"We have seen increased demand from small business owners for larger loan amounts, especially in connection with expansions and investments in their businesses. By raising the loan limit to 5 million SEK, we want to offer small business owners greater flexibility and better opportunities to develop their companies," says Emil Sunvisson, CEO of Qred.
The increase has been implemented in four of Qred's six markets: Finland, Sweden, Norway, and the Netherlands, and is planned to be implemented in all markets shortly.