Business Loan for Sole Proprietors: A Guide from Qeld

Why should a sole trader opt for a business loan?

There are various reasons why a sole trader might consider a business loan. Some of the common reasons include:

1. Expansion of the business — Whether you want to purchase new equipment or move into a larger location, a loan can provide you with the necessary financing.
2. Improving cash flow — To compensate for seasonal fluctuations or temporary declines in income, a loan can help maintain cash flow.
3. Marketing and promotion — With additional financial resources, you can invest in marketing campaigns to give your company more visibility.
4. Unexpected expenses — Sometimes there are unexpected costs, such as repairs or replacement of materials, that require a one-off financial injection.

How does applying for a business loan with Qeld work?

Applying for a business loan with Qeld is easy and fast. We have made the process as streamlined as possible to ensure that you, as an entrepreneur, do not waste time unnecessarily. Here are the steps:

1. Submit a request — Complete our simple online application form. This only takes a few minutes and you'll get a decision within a few hours.
2. Get a quote - After your request has been approved, you will receive a free quote. This states the amount, the interest rate, and the term of the loan.
3. Payout — After accepting the quote, the loan amount can often be in your business account within 24 hours, so you have quick access to the funds you need.

What are the conditions for a Qeld business loan?

At Qeld, we use flexible terms to make it easier for sole traders to get a loan. The basic requirements are:

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

Our loans are flexible and offer maturities of up to 36 months. You can request an amount of between €5,000 and €200,000, depending on your needs and financial situation.

What are the benefits of Qeld for sole traders?

Qeld offers several advantages that distinguish us from traditional bank loans:

- Fast request and payment - Our online process ensures that you can apply within minutes and get a quick decision.
- No binding term — At Qeld, there are no long-term obligations. You can repay the loan when it suits you.
- No hidden costs - We're transparent about our costs, so you'll never be surprised.
- Personalized support - Our customer service team is always ready 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 traders who want to grow, stabilize their business, or absorb unexpected expenses. However, it is important to carefully consider how much you need and how you will repay the loan. At Qeld, we are happy to help you make the right choice that meets your specific needs.

How much can I borrow as a sole trader?

As a sole trader, you can apply for a business loan of €5,000 to €500,000 from 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 period, so you can always choose to pay early if necessary.

The application process is quick and easy: you can apply online within a few minutes. Once approved, the requested amount will be in your account within 24 hours, so you can immediately invest in the growth of your sole proprietorship, whether that's for inventory, equipment or other operating costs.

Conclusion

A business loan for sole traders with Qeld is designed to provide you, as an entrepreneur, with the flexibility and financial support you need. With a simple application process, fast payout, and transparent terms, you can get the funding your business deserves without worries. Whether you want to grow, invest, or just want some extra security, Qeld is here to support your business.

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