Compare business loans up to 5 000 000 kr - apply free of charge

Why compare business loans through Lendo?

Since banks and financial institutions can give different offers on the same application it is extra important to compare as many loan providers as possible before you take a loan. Making the comparison on your own might be a daunting task. Business loan offers are presented differently by the banks and financial institutions, some showing you the monthly interest rate, others the yearly interest rate or maybe just the cost per month which makes it harder to compare the different offers and choose the best one. 

Since business loan offers are often conditioned with different types of securities, the comparison becomes even more difficult. When applying for your business loan through Lendo, the largest loan comparison site in Sweden, you get an overview of total costs with each offer, and whether the loan is conditioned with a personal guarantee or not. Below we explain the Lendo business loan process and why you should choose to apply for your loan through Lendo. 

Basic requirements - business loan applications  

The company must be registered in Sweden and active to be eligible for an application. The person applying for the business loan must have a leading role in the company. All different company forms are welcome to apply, newly started companies as well. If you have any questions before or after your application, please contact us at 0771-131310 and we will be happy to help. 

Fast, easy & free of charge 

It takes you just 1 minute to finish an application here on the website and your loan application is processed in 24 hours (during business hours). Even though you usually receive offers within a couple of hours, we advise that you wait the full 24h until your application is fully processed to give all banks and financial institutions the opportunity to evaluate it. After that you can compare the offers in your own time. All loan offers through Lendo are valid for 30 days which gives you plenty of time to compare and make an informed decision. An application is non-commital and free of charge.  

Why should I choose Lendo? 

By choosing our loan comparison service when applying for a business loan you may receive offers from different lenders and banks. You only need to make one application to compare interest rates, costs, terms and conditions. Compare business loans to save money and avoid loans that are too costly. 

Is it an unsecured business loan? 

Most of the banks and lending institutions we cooperate with, require a personal guarantee when offering a loan to businesses. This is not a secured loan in the classic sense, but it means that one or several people in the company take it upon themselves to clear the debt if the company should not be able to pay it off according to plan. With bigger loans, between 500 000 - 5 000 000 SEK some kind of security might be deemed necessary. Should a similar requirement be deemed necessary by the lender, it will be presented in your loan offer.  

How much can I apply for? 

You can apply for a business loan for up to 5 million SEK with repayment period of up to five years. Think about what is most important, if it is a long term investment a longer repayment plan might be good since it will mean a lower monthly fee. If the loan is more of a short term solution, then a shorter repayment plan might be more appropriate. 

How do repayments work? 

Our banks and lenders on the business side have repayments set up in the form of amortization and interest/fee. The amortization sum and interest will in most cases be withdrawn through monthly automatic payments from the company account, but sometimes also weekly.

What is the interest rate on a business loan? 

All lenders treat your application individually and the interest rate your business will be offered will be decided by your credit rating and ability to repay the loan. Lendo cannot affect the interest rate, this is done by the lenders and banks that we cooperate with. The lenders make a credit and risk assessment of your company and possible personal guarantor to determine your company’s ability to repay the debt. 

The interest may vary between the different banks and lenders which is why it is important that you compare as many of them as possible to find the lowest possible cost for your company. 

To see how much your company can borrow and what interest rate you will be offered, you need to make an application. 

Will a credit report be taken? 

Lendo will take just one credit report through UC (Upplysningscentralen) on your company, even though your application will be sent out to all banks and financial institutions that we cooperate with on business loans. Every time you apply for a loan through a lender, a credit report will be taken and this might worsen your credit rating. By making a loan application through Lendo instead you avoid this, even though several lenders will have the opportunity to go through your application and offer you business loans. Some of our partner lenders might complete their information gathering through a credit report through Creditsafe or Dun & Bradstreet (formerly known as Bisnode) this will however not impact your company’s credit rating. 

Beyond the credit report on the company, a separate one will be taken on the person or persons who will act as guarantor or guarantors for the loan. This credit report might be taken through UC, D&B (Dun & Bradstreet) or Creditsafe.