What are the disadvantages of a loan?

A business loan can offer many advantages, but there are also potential disadvantages to consider. Some of the possible disadvantages of a loan with Qeld, part of Qred Bank, or elsewhere include:

1. Monthly costs: A business loan involves monthly costs and monthly repayments, which can affect your cash flow. It is important to ensure that you have sufficient income and turnover to meet these obligations.
2. Interest and costs: Although the costs at Qeld are transparent, you pay interest and other costs for borrowing money. This means that you'll end up paying back more than you borrowed.
3. Repayment obligation: Although Qeld has no binding term, it remains an obligation to repay the loan amount. If your company is performing less well than expected, this can be a challenge.
4. Limitation in financial flexibility: A loan can limit your financial flexibility, especially if you already have other fixed costs. It is important to only take out a loan if you are sure of the investment.

At Qeld, we strive to minimize these disadvantages by offering fast, flexible loans with no binding term and transparent monthly costs. This way, you know exactly where you stand, and you can invest in your company without any surprises.