Krea Review

Overall Rating: 4.2

4.2

Loans From

1000 € – 3000000 €

Interest Rates

7%  – 30%

Repayment Period

0.5YR – 5YR

Overview

Krea is a Swedish financial platform that specializes in providing company loans. Their mission is to simplify and streamline access to financing for small and medium-sized enterprises (SMEs) by connecting them with a network of over 30 lenders. Through a competitive bidding process, Krea ensures that businesses receive the best possible loan terms. Their digital platform is designed to be user-friendly and efficient, making the loan application process quick and straightforward.

Krea Review

Services and Loans Offered

Company Loans

Krea offers company loans tailored to meet various business needs, including working capital, expansion, and equipment purchases. These loans are characterized by flexible amounts, competitive interest rates, and customizable repayment terms.

  • Loan amounts ranging from 10,000 to 30 million SEK
  • Flexible repayment terms up to 60 months
  • Competitive interest rates through lender competition

Factoring

Krea provides factoring services, allowing businesses to sell their invoices for immediate cash flow. This service helps companies manage their liquidity effectively without taking on additional debt.

  • Immediate cash flow from unpaid invoices
  • Flexible factoring terms
  • Improved liquidity management

Equipment Financing

Krea also offers financing options for purchasing or leasing equipment. This service is ideal for businesses looking to upgrade or acquire new machinery without large upfront costs.

  • Flexible financing for equipment purchases
  • Leasing options available
  • Streamlined digital application process

Customer Service

Krea is dedicated to providing excellent customer service. Their team of advisors is available to assist businesses throughout the loan application process, offering personalized advice and support. The company emphasizes clear communication and transparency, ensuring that clients fully understand their financing options and terms.

Overall Assessment

Krea stands out in the business financing sector with its innovative approach to connecting SMEs with a wide range of lenders. The platform’s competitive bidding process, flexible loan terms, and excellent customer service make it an attractive option for businesses seeking financing solutions. By simplifying the application process and offering transparent terms, Krea ensures that companies can efficiently secure the funds they need to grow and thrive.

Krea Advantages

Wide range of loan amounts from 10,000 to 30 million SEK.

Competitive interest rates through a lender competition process.

Efficient and user-friendly digital application platform.

Krea Disadvantages

Limited to business loans, not suitable for personal financing.

Requires detailed financial documentation for larger loans.

Dependent on lender approval, which may vary.

Frequently Asked Questions

Krea helps small and medium-sized businesses access the best possible financing terms by comparing offers from up to 30 banks and lenders on its platform. Krea was founded to give SMEs access to the best financing, with the founders and RoosGruppen AB as the major shareholders.

To apply for financing with Krea, you must be an authorized signatory, such as a CEO or board member, and the company must be registered and active in Sweden. Krea cannot assist individuals or companies that are shell companies, shelf companies, branch offices, or associations.

Yes, as long as basic requirements are met, and the application is signed via BankID by an authorized signatory. Guarantors' income is assessed based on taxable income in Sweden, which can affect lenders' decisions.

No, Krea cannot assist without a registered organization number. Registration can take up to a month with the Swedish Companies Registration Office. Contact Krea for advice on future financing needs.

Yes, having payment defaults does not necessarily prevent you from obtaining financing. Lenders make an individual assessment of your company's repayment ability, and offers may vary depending on the nature of these defaults.

A guarantor can be an authorized signatory or another board member. In some cases, external individuals may be accepted after individual assessment. The guarantor becomes liable for the debt if the company cannot pay. Including a guarantor can increase the likelihood of loan approval.