Business Loan
Making your dreams come true with a Business Loan
This is what a Business Loan entails
A Business Loan is a business loan up to a maximum of {Maximaal_bedrag_microkrediet} for financing for your business. The term of a business loan with Qredits is 1 to 10 years, depending on the loan. During the term, you pay a fixed interest and repayment each month.
Do you have plans to invest or buy business premises? With a business loan from Qredits, you can borrow as an entrepreneur up to {Maximaal_bedrag_microkrediet} This is how you grow your business! See all the options and read how it works.
*For an existing business. For a start-up company, the maximum loan is AWG 100,000. For us, an existing company means a company for which several years of financial statements can be provided.
- Amount: maximum of AWG 200,000*
- Duration: 5 years on average
- Interest rate Business Loan: {rente_microkrediet}
- One-time treatment cost of {Behandelkosten_microkrediet_tot_10000} to {Behandelkosten_microkrediet_tot_200000} (hangt af van kredietbedrag)
- Payment: fixed monthly amount for interest and repayment
Business Loans at Qredits
Starting your business, acquiring inventory, financing marketing plans or buying premises. You need money to do that. From a loan for the agricultural sector to a microcredit for growing your business. We will help you with a suitable business loan that will finance your plans.
How does a Business Loan application work?
Required documentation
To assess your request properly and promptly, we require a number of documents. Make sure you have these documents readily available for submission.
For startups:
- Your business plan. Here you can find an example of a business plan.
- Your financial plan with an outline of your investment. Here you can find an example of a financial plan.
For existing entrepreneurs:
- Description of the business activities and the market;
- Extract from the Chamber of Commerce in Aruba;
- Investment budget with explanation;
- Final annual figures from the last 2 years from the accountant;
- Interim figures for the current year (from your own administration);
- Operating budget;
- Liquidity forecast.
Applying for a loan
Apply for a loan. Once your application is received we will get started!
Reviewing your application
We will review if the application is complete. If anything is missing, you will receive a message from us.
If the application is complete, a business advisor from Qredits will schedule a personal meeting with you.
Meeting with a business advisor
In a personal conversation, we will discuss your plans, situation, and possibilities further. Furthermore, we will inform you of the next steps to be taken in order to finalize the loan application process.
Finalizing your application
After meeting with our Business Advisors, a final assessment of your application will be made by reviewing all (updated) documents provided. Ultimately, your loan application will then be submitted to our Risk Managers and your advisor will inform you of the final evaluation of your loan application.
Important when taking out a Business Loan
No matter what type of Business Loan you take out. It's always good to keep the following things in mind. Find out what the implications are for your situation so you don't get any surprises. And take out a loan with peace of mind. Keep in mind:
- Interest rates
- Terms, repayment amounts and repayment periods
- The amount borrowed
- Cost of the loan
- Personal financial situation
Why get a Business Loan from Qredits
With a business loan you get financial support that allows you to realize your plans. At Qredits, we have business loans for every situation. With flexible terms that fit your needs. Also, coaches and mentors are available to help you.
We are accessible to entrepreneurs who cannot get a loan from traditional banks. We offer extensive networking and support, including networking events and training. Take the next step toward growth and success for your business with a business loan.
Financing for your business or investment starts with Qredits!
Advantages of a business loan with Qredits
- Financial space to realize your dreams; You want to purchase new equipment, expand your inventory or invest in marketing campaigns. A business loan provides you with the support you need in these situations.
- Individual tailored advice; Personal guidance focused on your needs as an entrepreneur. Every situation is different. We understand that. We think with you and provide targeted advice.
- Coaching and mentoring; Qredits provides professional coaches from the business community. These are professionals with experience. They help you with issues about your business. This will take your business further!
Questions about applying for a business loan
How to qualify for a loan?
With a total financing requirement of up to {Maximaal_bedrag_microkrediet}, you may be eligible for a business loan from Qredits, provided any existing financing is not too high. The documents required depend on whether you are starting a new business or expanding an existing one.
Is collateral necessary to obtain a loan?
No, in many cases no collateral is needed to qualify for a loan at Qredits. In certain situations, the business advisor may deem it necessary.
Am I eligible for a loan by Qredits without my own input (money and/or goods)?
Yes, in principle there is no need for your own contribution to qualify for a loan Qredits. However, it can strengthen your position. We would like to have a conversation to see if you qualify for a loan. We always look at the entrepreneur when providing business credit.
Does Qredits ask for a deposit?
Qredits does not standardly a deposit. Depending on the overall risk assessment of the business plan, the entrepreneur may be asked if someone could stand as a guarantor for the loan. A guarantor generally increases the chances of obtaining the financing.
Is it necessary to bring in your own money?
No, this is not necessarily required, but depends on your business plan and investment budget. We will assess each application to determine the extent to which the overall risk is acceptable to provide funding without your own contribution. Generally, own contribution increases the likelihood of obtaining financing.
FAQ for startups, loan limits and financing options
Is a business plan necessary to apply for a start-up loan?
Yes, when starting a business, having a good business plan is essential when evaluating your application. Qredits offers several tools for writing a business plan. For example, you can use the free template business plan. You can also get started with our e-learning Business Plan Writing.
Do you always get a mentor when you take out an loan with Qredits?
Menroting is highly recommended when taking out a loan. The goal of the business mentor is to help you succeed in your business.
Together, we will look at what you need and where your needs lie.
How soon can I have the loan from Qredits?
Qredits tries to give you clarity within 14 days after the interview with a business advisor. Upon approval, the necessary deeds are drawn up and sent. Upon receipt of the signed deeds, the credit will be transferred to your business account within 5 business days.
Can I apply for loan over {Maximaal_bedrag_microkrediet}?
If your amount requirement exceeds {Maximaal_bedrag_microkrediet}, it is important that you first secure the additional loan amount needed from, for example, a bank. The total loan requirement of the business may not exceed {Maximaal_bedrag_microkrediet}, including the financing from Qredits and the total financing from a bank.
Can I apply for a current account?
You cannot apply for credit in the form of a current account at Qredits. We only provide business loans up to {Maximaal_bedrag_microkrediet}.
What about combination financing?
In the case of combination financing, it is important to Qredits that the bank financing is approved first. Then you can submit an application to Qredits. The requested bank financing should not be much larger than AWG 200,000.
Questions or need help?
Having issues or questions? We will help you! Also for advice on which loan, training or coaching best suits your situation. Please contact us.