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Business Loan

Making your dreams come true with a Business Loan

This is what a Business Loan entails

A Business Loan is a loan up to a maximum of AWG 200,000* for financing for your business. The term of a business loan with Qredits is between 1 to 10 years, depending on the loan. During the term, you pay a fixed interest and repayment each month.

Do you have plans to invest in your business? With a business loan from Qredits, you can borrow as an entrepreneur up to AWG 200,000*  This is how you grow your business! See all the options and read how it works.  

*For an existing business. For a start-up company, the maximum loan is AWG 100,000. For us, an existing company means a company for which several years of financial statements can be provided. 

  • Amount: maximum of AWG 200,000*
  • Loan term: Between 1 - 10 years
  • Interest rate Business Loan: 9,95%
  • One-time treatment cost of AWG 500 to AWG 1.65% of the loan up to a maximum of AWG 3,000 (hangt af van kredietbedrag)
  • Payment: fixed monthly amount for interest and repayment

Business Loans at Qredits

From starting your business and/or acquiring inventory, financing is necessary. From a loan for the agricultural sector to a microcredit for growing your business. We will help you with a suitable business loan that will finance your specific plans and business.

How does a Business Loan application work?

To assess your request properly and promptly, we require a number of documents. Make sure you have these documents readily available for submission.

For startups:

For existing entrepreneurs:

  • Description of the business activities and the market;
  • Extract from the Chamber of Commerce in Aruba;
  • Investment budget with explanation;
  • Final annual figures from the last 2 years from the accountant;
  • Interim figures for the current year (from your own administration);
  • Operating budget;
  • Liquidity forecast.

In a personal conversation, we will discuss your plans, situation, and possibilities further. Furthermore, we will inform you of the next steps to be taken in order to finalize the loan application process. 

We will review if the application is complete. If anything is missing, you will receive a message from us.

If the application is complete, a business advisor from Qredits will schedule a personal meeting with you.

Apply for a loan. Once your application is received, we will get started!

After meeting with our business advisors, a final assessment of your application will be made by reviewing all (updated) documents provided. Ultimately, your loan application will then be submitted to our risk managers and your advisor will inform you of the final evaluation of your loan application.

Important when taking out a Business Loan

No matter what type of Business Loan you take out. It's always good to keep the following things in mind. Find out what the implications are for your situation so you don't get any surprises, and take out a loan with peace of mind. Keep in mind:

  • Interest rates 
  • Terms, repayment amounts and repayment periods 
  • The amount borrowed 
  • Cost of the loan 
  • Personal financial situation 

Why get a Business Loan from Qredits

With a business loan you get financial support that allows you to realize your plans. At Qredits, we have business loans for every situation. With flexible terms that fit your needs. Also, coaches and mentors are available to help you.

We are accessible to entrepreneurs who cannot get a loan from traditional banks. We offer extensive networking and support, including networking events and training. Take the next step toward growth and success for your business with a business loan.

Financing for your business or investment starts with Qredits! 

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Advantages of a business loan with Qredits
  • Financial space to realize your dreams; You want to purchase new equipment, expand your inventory or invest in marketing campaigns. A business loan provides you with the support you need in these situations. 
  • Individual tailored advice; Personal guidance focused on your needs as an entrepreneur. Every situation is different. We understand that. We think with you and provide targeted advice.  
  • Coaching and mentoring; Qredits provides professional coaches from the business community. These are professionals with experience. They help you with issues about your business. This will take your business further!  

Questions about applying for a business loan

Qredits does not standardly ask for a deposit. Depending on the overall risk assessment of the business plan, the entrepreneur may be asked if someone could stand as a guarantor for the loan. A guarantor generally increases the chances of obtaining the financing. 

No, in many cases no collateral is needed to qualify for a loan at Qredits. In certain situations, the business advisor may deem it necessary.

Yes, in principle there is no need for your own contribution to qualify for a loan at Qredits. However, it can strengthen your position. We would like to have a conversation to see if you qualify for a loan. We always look at the entrepreneur when providing business credit.

With a total financing requirement of up to AWG 200,000*, you may be eligible for a business loan from Qredits, provided any existing financing is not too high. The documents required depend on whether you are starting a new business or expanding an existing one.

No, this is not necessarily required, but depends on your business plan and investment budget. We will assess each application to determine the extent to which the overall risk is acceptable to provide funding without your own contribution. Generally, own contribution increases the likelihood of obtaining financing.

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How much Business Loan can I borrow?

Enter the loan amount and term and get an instant indication of your monthly amount.

FAQ for startups, loan limits and financing options

You cannot apply for credit in the form of a current account at Qredits. We only provide business loans up to  AWG 200,000*.

Yes, when starting a business, having a good business plan is essential when evaluating your application. Qredits offers several tools for writing a business plan. For example, you can use the free template business plan. You can also get started with our e-learning Business Plan Writing

Normally, within 14 days after an interview with a business advisor an update is given on the finalization of your loan application. The duration of the loan application primarily depends on the promptness of the requested documents. Upon approval, the necessary deeds are drawn up and sent. Upon receipt of the signed deeds, the credit will be transferred to your business account within 10 business days.

Coaching is highly recommended when taking out a loan. The goal of the business coach is to help you succeed in your business. 

Together, we will look at what you need and where your needs lie.

If your amount requirement exceeds AWG 200,000*, it is important that you first secure the additional loan amount needed from, for example, a bank. 

In the case of combination financing, it is important that the financing from the bank is approved first. Then you can submit an application to Qredits. 

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Questions or need help?

Having issues or questions? We will help you! Also for advice on which loan, training or coaching best suits your situation. Please contact us.