Skeppsbron 20, 111 30
Froda AB. (publ.)
All rights reserved.
The application is free and non-binding.
With a business loan from Froda, we can create the coolest pub in Scandinavia.
”Even with a solid economy and only applying for a small loan, the bank gets scared. This prevents many entrepreneurs from growing. Froda understood our concept and idea. They listen, they’re responsive and they look at the bigger picture.”
Testimonial from Shawn Afshari and Mike Markaria.
We were able to broaden our range and increase sales with help from Froda.
”We had a constant issue with lack of liquidity! The bank required a lot of administration and hassle. Is was extremely easy when we turned to Froda.”
Testimonial from Henrik, founder of Smozle, a growing store with a turnover of SEK 32 million.
We take pride in being available when you need us. If you have a question about business loans, feel free to contact us. Or look for an answer in our FAQ below.
To get a business loan from Froda, you are required to have a Swedish registered company and have had sales for at least six months. Froda approves all company forms. Our minimum credit rating requirements are there to create good terms for you to be able to repay the loan without straining the company’s finances. When you apply you will receive an answer within a couple of hours. Many of our customers are e-retailers, cafés and restaurant owners, hairdressers or shop owners.
A business loan can be useful in many different situations, no matter what industry you operate in. It can be a way to improve liquidity, invest in new equipment, or have the opportunity to renovate. You know your company better than anyone and know which type of investment has the greatest potential.
Our business loans are created to fit into your everyday life as a small business owner. All paperwork is eliminated and you do not have to go to meetings or present a business plan. Instead we make a credit assessment, with your permission, by looking at your company’s transaction history. You apply through a simple form and get an answer quickly.
You apply easily at froda.se. Choose loan amount and repayment time, and then continue with filling in your contact information, so that we know where to send the price proposal. After that you need to answer some questions regarding the purpose of the loan and if there are any previous loans attached to your business. The application is complete after you’ve identified yourself with Mobile BankID. Applying is free of charge, non-binding and takes just a few minutes.
No, the application is not binding and completely free of charge. When you apply for a business loan on froda.se, you will receive a price proposal via email. The offer shows the exact price for your company, and is free. If you choose to accept the offer, click on the link in the offer and then simply sign with Mobile BankID. Only after you’ve signed the offer do we have a binding agreement.
Froda does not perform an UC check. As a complement to the company’s transaction history, we perform a credit check on the company. Since we do not perform a credit check on you as a person, your credit rating at the bank is not affected. By getting a credit check, we get the necessary information about your company so that we can make a fair credit assessment.
In some cases we can do a “representative check” on board members. Since such information is taken in the capacity of the members as company representatives and not private individuals, the person’s credit rating with the bank is not affected in that case either.
Froda requires no collateral in the company, only personal guarantee. We do not require you to use your property or expensive equipment as security for the loan. Representatives of trading companies and individual companies have automatic personal payment responsibility for any debts.
Froda offers a fixed price for your loan. There are never any additional costs or hidden fees like set-up, reminder or late fees. The cost for your loan is based on the amount, repayment time, as well as your company’s sales and credit score. To find out your exact price, you can [easily make an application here]. It only takes a couple of minutes and you’ll have a free and non-binding price proposal within 24 hours. We are proud of our terms, so feel free to compare us. If you do find a lower priced offer with similar terms, we will match it!
By identifying yourself with Mobile BankID, we verify that you’re you and that we lend the money to the right company. We also get to see your company’s transaction history via your company bank. The transaction history is the basis for our assessment. We analyze your company’s sales and make a forecast of how your company’s sales will proceed in the future, so that we can make a fair assessment of the company’s finances and ability to pay.
Of course, we can not in any way change bank details, or in any way use your bank account. Our system can only see your transaction numbers. If you do not want, or have the opportunity to, identify yourself with Mobile BankID, you can get a manual statement from your bank and send it to us. Contact us and one of our nice loan advisors will help you.
Thanks to a completely digital service, we can offer you the opportunity to get a business loan without having to make a business plan, budget and go to bank meetings.
The idea behind Froda is that you as a small business owner should be able to loan money to make an investment in your company that increases your sales. That is why you always make installments on your loan with Froda. You choose the repayment period between 1-36 months.
In order to avoid large monthly invoices, a small amount is deducted daily through direct debit from your company account. The repayment begins two days after the money is paid out to your account.
The daily repayments are especially appreciated by all our customers who charge by card. Your daily sales are not significantly affected and you become debt-free “without really noticing”. If you have a different setup or situation, it’s possible to have a different repayment model. Contact us and we’ll discuss what suits you.
Yes. We have a 1 month minimum repayment time. After 1 month you can pay off the remaining loan amount at no additional cost. When comparing business loans it’s important to compare the cost of repaying the loan early. Some companies allow early repayment but still require you to pay almost all of the remaining costs. Make sure to choose a loan with good flexibility, so that you don’t borrow more than you need in the future.