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This is why business owners choose Froda
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Frequently Asked Questions
Our business loan is an annuity loan where you can choose between daily and weekly amortization. Annuity means that each repayment is the same amount, but the interest portion is higher at the beginning of the loan term, while the amortization portion is smaller. As you repay the loan, the interest portion for each repayment will decrease, while the amortization portion will increase instead. The repayment of your business loan then takes place automatically via direct debit during the loan term.
No, we don't. We provide business loans to all types of companies, regardless of their size or legal form. Whether you run your business as a limited company, partnership, limited partnership or sole trader, you can turn to us when you need financing.
No, you do not need to prepare anything to apply. All the information we need to process your application will be automatically collected when you apply.
Froda offers business loans up to SEK 5,000,000. On average, we grant a loan amount that corresponds to one month's turnover in your company (provided that the business is well managed). It may happen that you get to borrow more or less than the amount you applied for. Read more about our prices and terms.
No, the application is not binding, and there is no cost to apply. Read more about our prices and terms.
You can apply directly at froda.se. All you need to do is fill in your contact information, identify yourself with BankID, and adjust your loan according to your wishes. In most cases, we can automatically retrieve all the data we need and give you an answer to your application immediately.
No, Froda has neither setup fees nor other hidden fees on its business loans. The interest rate is the only cost for the loan.
As several parameters come into play when it comes to pricing business loans, the interest rate can differ by several percentage points from loan to loan. The average interest rate can therefore give a misleading comparison, which is why Froda does not use it as a measure. The interest rate your company receives is affected by, among other things, the loan amount in relation to turnover, loan term and credit rating.
With Froda, you don't have to choose between smooth and affordable financing; you get both. Through new technology and data-driven analysis, we have developed a service that is easy to use and saves you time and money. Therefore, we can offer business loans with the same security and affordability as the major banks, but without all the time-consuming and complicated administration. You also never have to worry about hidden fees or commitment periods. The interest is the only cost you pay for the loan, and if you want to repay early, you can do so completely free of charge.
To get a business loan from Froda, you need to have a Swedish-registered company operating as a sole proprietorship, general partnership, limited partnership or limited company. Unfortunately, we do not lend to economic associations or foundations. Usually, your company also needs to have been actively selling for a few months for us to be able to make a complete analysis of your application.
Our minimum creditworthiness requirements are in place to create good conditions for you to repay the loan without straining the company's finances.
The guarantee means that Froda should always offer a price that is at least as low as our competitors. If you have received an offer for a loan at a lower price from another bank than what you have been offered at Froda in the last 30 days, we will always match that price. The guarantee otherwise requires comparable terms (e.g., amortization and collateral) and only covers applications that have been granted loans by Froda.
