Business loan for sole proprietorship: A guide from Qeld

Why would a sole proprietor choose a business loan?

There are several reasons why a sole proprietor might consider a business loan. Some common reasons include:

1. Expanding the business - Whether you want to purchase new equipment or move into a larger location, a loan can give you the financing you need.
2. Improving cash flow - To accommodate seasonal fluctuations or temporary drops in income, a loan can help maintain cash flow.
3. Marketing and promotion - With additional funding, you can invest in marketing campaigns to give your business more visibility.
4. Unexpected expenses - Sometimes unexpected expenses arise, such as repairs or replacement of materials, that require a one-time financial injection.

How does applying for a business loan from Qeld work ?

Applying for a business loan at Qeld is simple and quick. We've made the process as streamlined as possible to ensure that you as a business owner don't waste time unnecessarily. Here are the steps:

1. Submit application - Fill out our simple online application form. This only takes a few minutes and you will receive a decision within a few hours.
2. Receive Quote - After your application is approved, you will receive a no-obligation quote. This will include the amount of the loan, the interest rate, and the term of the loan.
3. Disbursement - After the quote is accepted, the loan amount can often be in your business account within 24 hours, giving you quick access to the funds you need.

What are the terms of a business loan at Qeld?

At Qeld , we have flexible terms and conditions to make it easier for sole proprietors to get a loan. The basic terms are:

- You have a registered sole proprietorship.
- Your business is active and generates income.
- You are at least 18 years old and resident in the Netherlands.

Our loans are flexible and offer terms of up to 36 months. You can apply for an amount from €5,000 to €200,000, depending on your needs and financial situation.

What benefits does Qeld offer to sole proprietors?

Qeld offers several advantages that set us apart from traditional bank loans:

- Quick application and payout - Our online process allows you to apply within minutes and get a decision quickly.
- No binding term - At Qeld , there are no long-term commitments. You can repay the loan at your convenience.
- No hidden fees - We are transparent about our fees so there are never any surprises.
- Personalized support - Our customer service team is always available to help you with questions or guidance during the process.

Is a business loan suitable for my sole proprietorship?

A business loan can be a valuable solution for sole proprietors who want to grow, stabilize their business, or meet unexpected expenses. However, it is important to carefully consider how much you need and how you will repay the loan. At Qeld , we're happy to help you make the right choice to fit your specific needs.

How much can I borrow as a sole proprietor? 

As a sole trader, you can apply for a business loan from €5,000 to €500,000 at Qeld, part of Qred Bank. The amount you can borrow depends on your business results and financial needs. Qeld offers a flexible solution with no binding term, so you can always choose to repay early if necessary.

The application process is quick and easy: within minutes you can submit an application online. Once approved, the requested amount will be in your account within 24 hours, allowing you to immediately invest in the growth of your sole proprietorship, whether for inventory, equipment or other business expenses.

Conclusion

A business loan for sole proprietorship at Qeld is designed to give you, the entrepreneur, the flexibility and financial support you need. With a simple application process, fast payout, and transparent terms, you can get the financing your business deserves without worry. Whether you're looking to grow, invest, or just want some extra security, Qeld is here to support your business.

Do you have questions about our loans or want to apply immediately? Visit our website and find out how easy it is to achieve your business goals with Qeld .