Qeld increases limit on business financing for self-employed persons and SMEs to €200,000


Samantha Bos
Marketing Manager
Amsterdam, 18 January 2021 - Qeld, a fintech lender for small and medium enterprises, is raising the limit of business loans to € 200,000 with immediate effect. The doubling of the maximum borrowing limit mirrors the doubling of Direct Lending as a frequently chosen form of financing in the Netherlands. Stichting MKB Financiering outlined an increase of ±97% between 2020 and 2021, with more than 244.4 million euros lent to Dutch entrepreneurs in the past 12 months.

Fintech lender Qeld 's decision to raise the loan limit on business loans from €100,000 to €200,000 stems from an increasing demand for additional credit from Dutch entrepreneurs, combined with Qeld 's ambition to offer every entrepreneur a chance at suitable financing.

Qeld: With this additional lending space, 'capital-heavy' investments, such as business expansion and expensive business equipment, will also be better facilitated. We want to give every entrepreneur, big and small, a fair chance at business credit. If you look at the Non-Banking Financing Survey 2021, recently published by Stichting MKB Financiering, you will see an increase in the amount lent through Direct Lending as well as in the number of loans granted. However, what is remarkable in these figures is that the total amount lent almost doubles (growth of 97%), while the number of loans 'only' increases by 50%. It is therefore immediately apparent that the demand for higher credit is increasing significantly."

The increase in the need for additional credit was also signalled in the loan applications received at Qeld : "In 2021 we saw an increasing demand for higher loans, for example to expand the business or to go in a different direction, such as a restaurant that invests in company cars in order to be able to make deliveries itself. This is precisely why we have decided to raise the limit of our loans to a maximum of €200,000. This not only helps local entrepreneurs to invest in their own future, but more access to non-bank funding also stimulates the Dutch entrepreneurial climate and economic growth."

For entrepreneurs, the new loan limit of lender Qeld means that loans of up to €200,000 can now be applied for, with the same advantages as always: no start-up costs, no binding term and payment within 24 hours.

Qeld: "Speed and personal service are our key features and they remain the starting point for our team. Hardly any entrepreneur has the luxury of waiting weeks for money, especially when a great opportunity arises today. We therefore always transfer the loan money on the same business day, provided that an entrepreneur signs for it before 5 p.m., so that the company quickly has the right financing to invest in its future. We encourage small entrepreneurs to achieve big ambitions, which is why we are proud to now offer loans of up to €200,000."