Borrow responsibly

At Qeld, we have developed a policy to prevent companies from being in a situation where they are unable to repay their debts. Below, we describe how a company can best use a business loan, when to renounce a loan and what happens if the obligations are not met.

We combine speed and simplicity with responsibility

Fast and easy online business loans are a relatively new service on the Dutch market. This means that companies no longer have to go to the bank or go to friends and acquaintances to borrow money. The application is simple and only takes a few minutes. In addition, the money is usually transferred the same day. The service is greatly appreciated and exists for small companies that want to become big companies.

At Qeld, we take full responsibility as creditor. In addition to complying with laws and regulations, we went one step further to be a responsible lender. To prevent our customers from ending up in a situation they cannot handle, we have created a policy.

We always do a thorough credit check

We make a detailed credit analysis for all applications that we evaluate, combining it with other internal information, external information from various sources and data from a previous loan and/or payment history. This allows us to better assess the borrower to prevent him or she from getting into a difficult situation.

We only lend money to companies

We only turn to companies and never to individuals. We do not require collateral from the company, but we do require a personal guarantee for the business loan of all our new customers.

We set reasonable borrowing limits

We set individual limits on how much each company can borrow. Depending on how your business develops and how you handle your payments, the borrowing ceiling can be changed.

We ask you to think before you borrow money

Qeld applies best practices in lending and we assume our full responsibility as creditor. Of course, you should think before you apply for a loan, whether it's a Qeld microloan or a larger loan from a bank. There are many good reasons to apply for a business loan, but there are situations where you should not start a new loan.

If you follow these simple rules, you will already avoid many risks:

1. Don't borrow if you already have too much debt
2. Don't borrow if you know you'll have trouble paying back
3. Don't borrow to invest in risky products

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