Business loans

Borrow up to 15 million SEK with lowest price guarantee
Customize your loan
Choose loan amount, term and amortization
Submit application
You will get a response right away
Sign the agreement
Money in your account the following bank day

Complete control

Expand, pay back, or customize according to your needs

Succes stories

Get inspired by other entrepreneurs
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Upplands Honung
From local bees to your kitchen
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Sneckenström
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Ostmakeriet på Rindö
Archipelagic artisan cheese
In safe hands
Froda is a credit institution
with government deposit guarantee.
Monthly report
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Download the monthly report.
All in one place
On my pages you can get a full overview and
manage everything related to your loan.

For all types of businesses

Financing regardless of how your business is structured

As a lender should be

We've built Froda around having the same incentives as you. It means that when you succeed, we do too
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General

What is Froda and who is behind it?

Froda is a Swedish credit market company based in Stockholm, Sweden, founded in 2015. By digitising the business loan process, we have made it possible to help more companies with tailored financing based on their unique business idea and operations, at market-leading terms. Froda was founded with the ambition to be a responsible creditor, with clarity and transparency regarding fees and conditions, treating its customers in an honest, fair and professional manner. Froda offers corporate loans, savings accounts for individuals and embedded financing services.

Today Froda is one of Sweden's fastest growing fintech companies and has helped more than 50,000 companies grow. In addition to corporate loans, Froda offers savings accounts for individuals and embedded financing services through Froda Embedded. Froda is a credit institution with a state deposit guarantee and is supervised by the Financial Supervisory Authority (FI). The founders are active in the company and behind the company are many well-known investors, such as Karl-Johan Persson (HM), Nicklas Storåkers (Avanza) and Victor Jacobsson (Klarna).

How does Froda's Lowest Price Guarantee work?

The guarantee means that Froda will always offer at least as low a price as our competitors. If in the last 30 days you have received an offer for a loan at a lower price from another bank than that offered to you at Froda, we will always match that price. The guarantee is otherwise subject to comparable conditions (e.g. amortisation and collateral) and covers only applications granted loans by Froda.

How does Froda differ from the alternatives?

At Froda, you don't have to choose between smooth and affordable financing, you get both. Through new technology and data-driven analytics, 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 big banks, but without all the time-consuming and cumbersome administration. You also never have to worry about hidden fees, reminder fees or bond times. Interest is the only cost you pay for the loan, and if you want to pay it back early, you can do it completely free of charge.

How much can I borrow from Froda?

Froda offers business loans up to 15 000 000 SEK. On average, we grant a loan amount that corresponds to a month's turnover in your company (provided that the business is well managed). It may happen that you can borrow more or less than the amount you applied for.

Sole proprietorships, trading companies, and limited partnerships becoming customers of Froda for the first time are granted loans of up to 100 000 SEK. Sole proprietorships, trading companies, and limited partnerships that are already customers are granted loans of up to 500 000 SEK if they apply for a new loan.

What does Froda's business loan cost?

Interest rates and terms are individual and based on your business's revenue, history, and data. The interest is the only cost you will pay for the loan. There are never any additional costs such as setup, reminder, or late fees. The cost of the loan is influenced by the loan amount, the repayment period, as well as your business's turnover and creditworthiness. To find out your price, make a non-binding application. If you get a lower price somewhere else, we will match that price through our lowest price guarantee. The guarantee otherwise assumes comparable conditions.

Business Loans

How does the repayment work?

Our business loan is an annuity loan where you can choose between daily and weekly amortization. With an annuity loan, the total sum of each repayment is the same, but the interest part is higher at the beginning of the loan term, while the amortization part is smaller. As you repay the loan, the interest portion of each repayment will decrease, while the amortization portion will instead increase. The repayment of your business loan then takes place automatically via direct debit during the term of the loan.

In the case of loans over SEK 1.5 million, the loan is repaid monthly.

What does annuity loan mean?

An annuity loan means that you pay the same amount at each payment occasion throughout the loan's term. The interest portion of the repayment is higher at the beginning of the loan and then decreases over time, while the actual amortization increases.

What happens to my old loan if I increase my loan?

When you extend the loan, your old loan is combined with the new loan. So, you will not have different loans but will get a new consolidated loan with updated terms.

What does Froda's business loan cost?

Interest rates and terms are individual and based on your business's revenue, history, and data. The interest is the only cost you will pay for the loan. There are never any additional costs such as setup, reminder, or late fees. The cost of the loan is influenced by the loan amount, the repayment period, as well as your business's turnover and creditworthiness. To find out your price, make a non-binding application. If you get a lower price somewhere else, we will match that price through our lowest price guarantee. The guarantee otherwise assumes comparable conditions.

How do loans guaranteed by the European Investment Fund (EIF) work?

Froda has received enhanced support from the European Investment Fund (EIF) through the InvestEU Microfinance and Social Entrepreneurship Guarantee Programme. The programme enables Froda to lend to small business owners in order to promote growth, equality, sustainable work and social inclusion in Europe.

The EIF microguarantee means that Froda can offer business loans at discounted rates if you have a business with a maximum of 9 full-time employees and a maximum of 20 million SEK in turnover or balance sheet total. You can apply for loans of up to 565 000 SEK to be covered by the microguarantee. The discount will be activated automatically if your business meets the criteria for the guarantee.

Read more at the European Commission.

Price & Terms

Does Froda have any setup fees?

No, Froda doesn't have any setup fees or other hidden charges. Interest is the only cost of the loan.

Does it cost anything to redeem the loan early?

No, you can repay the loan at no extra cost after you make your first repayment. If you repay the loan early, you will only pay interest for the time you have had the loan. The remaining interest is written off and Froda never charges any interest difference compensation.

How do loans guaranteed by the European Investment Fund (EIF) work?

Froda has received enhanced support from the European Investment Fund (EIF) through the InvestEU Microfinance and Social Entrepreneurship Guarantee Programme. The programme enables Froda to lend to small business owners in order to promote growth, equality, sustainable work and social inclusion in Europe.

The EIF microguarantee means that Froda can offer business loans at discounted rates if you have a business with a maximum of 9 full-time employees and a maximum of 20 million SEK in turnover or balance sheet total. You can apply for loans of up to 565 000 SEK to be covered by the microguarantee. The discount will be activated automatically if your business meets the criteria for the guarantee.

Read more at the European Commission.

Application

How do I apply for a business loan from Froda?

You apply directly at froda.se. The only thing you need to do is fill in your contact details, identify yourself with BankID and adjust your loan according to your preferences. In most cases, we can collect all the data we need automatically and give you an answer to your application directly.

What is the amortization period offered by Froda?

We offer up to 60 months of amortization period. You decide for yourself how long the amortization period you want when you apply, and how long an amortization period you can choose varies from company to company.

Do you take any credit information from UC (Upplysningscentralen)?

No, as a basic rule, we do not take any UC. Instead, we take information from Creditsafe that does not affect your company's creditworthiness.

However, in the case of loan amounts exceeding SEK 5 million, we will take a UC on the company to supplement the credit report from Creditsafe.

How long is an offer from Froda valid?

If you have had your application approved, your offer is valid for 30 days from the date you received it.

Where can I follow the status of my application?

You can view the status of your application by logging in to My Pages. In addition, we will always get back to you within 24 hours with an answer to your application and whether it needs to be completed or not.

Is the application binding?

No, the application is not binding and it does not cost anything to apply.

Does the loan have any binding period?

No, the loan has no binding period. You can repay it in full whenever you want, without any additional cost.

Does Froda offer start-up loans?

Froda does not offer loans to start businesses but can in some cases offer loans to newly founded businesses. To be able to offer a loan to a new business, the business needs to have started sales in order for us to be able to make an assessment based on the turnover.

How much can I borrow from Froda?

Froda offers business loans up to 15 000 000 SEK. On average, we grant a loan amount that corresponds to a month's turnover in your company (provided that the business is well managed). It may happen that you can borrow more or less than the amount you applied for.

Sole proprietorships, trading companies, and limited partnerships becoming customers of Froda for the first time are granted loans of up to 100 000 SEK. Sole proprietorships, trading companies, and limited partnerships that are already customers are granted loans of up to 500 000 SEK if they apply for a new loan.

Do I need to prepare any documentation to apply?

No, you do not need to prepare anything to apply as all the information we need to process your application will be automatically collected when you apply.

Why was my application rejected even though I have an available loan amount on My Pages?

The available loan space is based on your business's latest transaction history and current loans, but does not take other parameters into account, hence why it's preliminary. Unfortunately, we cannot guarantee that a loan will be granted until we have made a credit assessment on a complete loan application.

What information does Froda need?

Our assessment is based on a combination of transaction data and creditworthiness. You do not need to send in a business plan or other documentation to apply for a business loan at Froda, as all the information we need is collected automatically. All you need to do is fill in your details, adjust your loan according to your preferences, and give us permission to see your business's transaction history from your bank so we can make a credit assessment.

How long does it take before I have the money in my account?

The loan disbursement is prepared immediately after you have signed your agreement. Assuming you have provided the correct account details in the application, you will have the money in your account by the next banking day at the latest.

Who is considered the ultimate beneficial owner?

People who own more than 25 percent of a company are considered the ultimate beneficial owners.

How long does it take to get a response to my application?

If we have received all the information we need, we will get back with a decision by the next banking day at the latest. If we need more information, we will always respond within 24 hours by phone or email to supplement your application.

Features

Can I increase my amortization?

Yes, you can increase your amortization under "manage loan" on My Pages.

Can I update my transaction data without submitting an application?

You can update your transaction data on My Pages. Under "update bank data" in the menu, click "update" and follow the steps to get an updated available loan space.

What does it mean that I have an available loan amount?

The available loan space is the amount we estimate you could increase your business loan by. The space is based on your transaction history and your existing loan but does not take any other parameters into account. The available space is only an estimate and we cannot guarantee that your application will be approved until we have made a complete assessment when you apply. The amount you are offered can be both higher and lower than what the space indicates.

Can I pause my amortization?

Yes, you can pause your amortization at the "manage loan" tab in My Pages. Click on "pause amortization" and set for how many weeks you want the pause to apply. The pause is activated once you've signed the agreement sent via SMS. You can pause the amortization as often as you like, but for a maximum of 6 months. How long of a pause you can apply for varies from company to company, but all of Froda's customers have the option to pause for up to 8 weeks.

Why is there a red box on My Pages?

There could be several reasons for for having a red box on My Pages. For example, your application might have been declined, you might be behind on payments, or we might currently be unable to offer your company a loan due to a debt balance with the Enforcement Authority or similar.

How can I see if I have room to increase my loan?

You can see how much available loan space you have directly when you log in to My Pages. If you want to increase your loan, press "borrow more" and enter how much you want to increase the loan with.

Can I see the status of my application?

You can check the status of your application by logging into My Pages.

Where can I find my accounting material?

All your monthly reports are available to download under "accounting material" in the menu on My Pages. Reports for the previous month are generated and available to download on the 1st of each following month. At the end of the year, an annual report is also generated.

Can I give my auditor access to my monthly reports?

Yes, on My Pages, you can add users and control which permissions users have under "manage users" in the menu.

Security

Who can act as guarantors for the loan?

Only individuals with a connection to the company, such as board members or beneficial owners, can act as guarantors for the loan.

What does personal guarantee mean?

A personal guarantee means that one or more individuals take on the financial responsibility for someone else. For business loans, a personal guarantee is sometimes used as security for the loan where the owner, or someone else, guarantees the loan for the company. This means that the guarantor becomes personally responsible for repaying the loan if the company is unable to do so.

Does Froda require any collateral?

We approve various types of collateral. The most common is personal guarantee by the borrower, but for larger loan amounts, you can also pledge different types of collateral, such as a mortgage on property or a corporate mortgage. If you run a partnership or sole proprietorship, you are always personally liable for the company's debts.

What types of collateral does Froda accept?

We apply personal guarantees to all loans that are less than 1.5 million kronor. For loan amounts exceeding 1.5 million kronor, we accept other types of collateral, such as corporate mortgages or real estate.

Trust

What is the difference between a bank and a credit market company?

The biggest difference between a bank and a credit market company is that a credit market company does not need to be connected to any payment system and therefore does not offer payments, card solutions, or transaction accounts.

Why do I need to authenticate myself with BankID?

You need to identify yourself with BankID when applying for a business loan in order for us to be able to ensure that you are who you claim to be and to know if you have the right to represent the company you are applying for. The credit assessment also analyzes your company's transaction data and in order for this to be done, we need your consent to do so. BankID is the solution Froda uses to carry out identification and consent to read transaction data.

What is a credit market company?

A credit market company is a company that has permission from the Financial Supervisory Authority to conduct financing activities through the borrowing and lending of money.

About Froda

Does Froda offer personal loans?

No, Froda only offers business loans.

How does Froda's Lowest Price Guarantee work?

The guarantee means that Froda will always offer at least as low a price as our competitors. If in the last 30 days you have received an offer for a loan at a lower price from another bank than that offered to you at Froda, we will always match that price. The guarantee is otherwise subject to comparable conditions (e.g. amortisation and collateral) and covers only applications granted loans by Froda.

Does Froda have a checking credit or account credit?

No, Froda only offers business loans.

What services does Froda offer?

Business Loans

We offer a completely digital business loan, adapted to fit into the everyday life of the small business owner. By digitizing the process, we save time, money and energy for entrepreneurs in need of financing. With our business loans, you get rid of all the cumbersome paperwork, time-consuming meetings and manual assessments. Instead, you get to apply when and where you want, you get an objective and fair assessment of your turnover and you get access to the funding when you need it.

Savings accounts

Froda offers simple and secure savings without any fixed fees both variable and tied interest. All our savings accounts are covered by the government deposit guarantee.

Who can borrow from Froda?

To obtain a business loan from Froda, you must have a Swedish-registered company that is operated either as a sole proprietorship, trading company, limited partnership or limited liability company. Unfortunately, we do not lend to financial associations or foundations. Usually, your business needs to have been up and running for a few months in order for us to do a full analysis of your application.

Our minimum credit rating requirements are in place to create good conditions for you to be able to repay the loan without straining the company's finances.

How does Froda differ from the alternatives?

At Froda, you don't have to choose between smooth and affordable financing, you get both. Through new technology and data-driven analytics, 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 big banks, but without all the time-consuming and cumbersome administration. You also never have to worry about hidden fees, reminder fees or bond times. Interest is the only cost you pay for the loan, and if you want to pay it back early, you can do it completely free of charge.

What is a loan company?

A loan company is either a credit company or a bank that has received approval from the Financial Supervisory Authority to carry out lending activities. It can be anything from credit companies, big banks to niche banks. Any company or business that lends money against interest rate are loan companies.

Froda is a loan company that offers fully digital business loans tailored to the needs of small and medium-sized businesses. By digitizing the process, we can not only simplify the application process for you, we can also significantly shorten the process from application to payment. When you apply for a business loan with Froda, you will be notified within 24 hours and the loan will be paid no later than the next business day.

Find out how Froda can help you and your business grow by applying here.

What is the average interest rate at Froda?

As several parameters play into the pricing of business loans, the interest rate can differ by several percentage points from loan to loan. Therefore, the average interest rate can provide a misleading comparison, which is why Froda does not use it as a measure. The interest rate your business gets is affected by loan amount in relation to turnover, duration, and credit rating, among other things.

Where can I find a copy of my contract?

You can download your agreement under “Copies of signed agreements” in the menu once logged in.

Does it cost anything to make an additional amortization?

No, it costs nothing to make an additional amortization. On the contrary, you lower the total cost of the loan by making an additional amortization.

Hur fungerar Frodas nöjdhetsgaranti?

Om du mot förmodan inte skulle vara nöjd med ditt lån hos Froda kan du när som helst betala tillbaka lånet utan extra kostnad.

What is Froda and who is behind it?

Froda is a Swedish credit market company based in Stockholm, Sweden, founded in 2015. By digitising the business loan process, we have made it possible to help more companies with tailored financing based on their unique business idea and operations, at market-leading terms. Froda was founded with the ambition to be a responsible creditor, with clarity and transparency regarding fees and conditions, treating its customers in an honest, fair and professional manner. Froda offers corporate loans, savings accounts for individuals and embedded financing services.

Today Froda is one of Sweden's fastest growing fintech companies and has helped more than 50,000 companies grow. In addition to corporate loans, Froda offers savings accounts for individuals and embedded financing services through Froda Embedded. Froda is a credit institution with a state deposit guarantee and is supervised by the Financial Supervisory Authority (FI). The founders are active in the company and behind the company are many well-known investors, such as Karl-Johan Persson (HM), Nicklas Storåkers (Avanza) and Victor Jacobsson (Klarna).

What makes Froda's business loans different?
Froda offers a fully digital business loan designed to meet the needs of small and medium-sized businesses. With our business loan, you avoid all the complicated paperwork, time-consuming meetings, and manual assessments. Instead, you can apply whenever and wherever you want, get a fair and objective assessment of your revenue, and get access to affordable financing when you need it.

When you get a business loan at Froda, you can easily adjust the amortization to suit the needs of your business. You can also be confident that you will know the actual cost of the loan. We do not charge any setup fees, and we don’t have any hidden fees or reminder fees. The interest rate is the only cost for the loan and the total cost of the business loan is presented in your offer. Moreover, our business loans do not have any binding period. So if you want to repay your business loan in advance, you can easily do so at no extra cost.

Why should I take a business loan?

Most companies need to bring in external capital into the company at some point. This may include the purchase of stock or equipment, investment in real estate or ahead of the upcoming season alternatively to finance expansion and drive growth. But in other cases, the money is needed instead in the running business. For example, to improve liquidity, cover the costs of unexpected expenses or to pay off existing debts. Whatever the need, a business loan provides quick access to the capital your business needs.

How do I apply for a business loan?

At Froda it is quick and easy to apply for a business loan. We do not require any documentation or any meetings where we review your application. Instead, you apply with your organization number directly on your computer or mobile phone and receive a response within 24 hours. If you're not quite sure how big a business loan your business needs, you can use our loan calculator to see how much you can borrow before you apply. Applying for a business loan with Froda is free of charge and you do not commit to anything.ansöka om ett företagslån. Vi kräver inte någon dokumentation eller några möten där vi går igenom din ansökan. Du ansöker istället med ditt organisationsnummer direkt i datorn eller mobilen och får svar inom 24 timmar. Om du inte är helt säker på hur stort företagslån ditt företag behöver kan du använda vår lånekalkylator för att se hur mycket du kan låna innan du ansöker. Att ansöka om ett företagslån hos Froda är kostnadsfritt och du binder inte upp dig till någonting.

How big of a loan can my company get?

Froda offers business loans up to SEK 15 million. The exact amount of business loan your company can receive is influenced by a number of factors, such as the company's turnover and creditworthiness, and you may be able to borrow more or less than what you applied for.ansökan kan du få en uppfattning om hur mycket ditt företag kan låna.

Do I have to have a special form of company?

The No. We issue business loans to all types of companies, regardless of size or form of company. Whether you run your business as a limited company, trading company, limited partnership or sole proprietorship, you can turn to us when you need financing. The only requirement we have is that the company is Swedish-registered.bolagsform. Vare sig du driver ditt företag som ett aktiebolag, handelsbolag, kommanditbolag eller enskild firma kan du vända dig till oss när du behöver finansiering. Enda kravet vi har är att företaget är svenskregistrerat.

What is Froda's interest on business loans?

The interest rate The amount you receive on your business loan is individual and is determined according to a number of factors. We always strive to be able to offer business loans with the best interest rate possible to all our customers and what can affect the interest rate you receive is, among other things, the term of the loan, the creditworthiness of your company and how large the loan amount is in relation to the company's turnover.

What does Froda have for amortization?

Our business loan is an annuity loan where you can choose between daily and weekly amortization. Annuity means that each repayment is equal but that the interest portion is higher at the beginning of the term of the loan, while the amortization portion is smaller. As you repay the loan, the interest portion of each repayment will decrease while the amortization portion instead increases. The repayment of your business loan is then made automatically via direct debit for the duration of the loan.amortering. Annuitet innebär att varje återbetalning är lika stor men att räntedelen är högre i början av lånets löptid, medan amorteringsdelen är mindre. I takt med att du betalar tillbaka lånet kommer räntedelen för varje återbetalning att minska medan amorteringsdelen istället ökar. Återbetalningen av ditt företagslån sker sedan automatiskt via autogiro under lånets löptid.

How long does Frodas business loan repayment period have?

You can choose a repayment period of up to 60 months when you take a business loan with Froda.

The repayment period you choose will affect the interest rate you receive and thus the total cost of the loan. The length of repayment period we offer to your company is individual and is influenced, for example, by the creditworthiness of the company.

How do you assess my application?

When you apply for a business loan with Froda, you do not need to present a budget, business plan or business description. Instead, we assess your application by looking at your company's transaction history through your corporate bank. To complement the transaction history, we also take a credit report on the company that we use in the assessment.

By analyzing your company's sales and creditworthiness, we can make a forecast of how the company will fare in the future and can thus make a more fair assessment of its finances and ability to pay. In the case of larger loan amounts, we need to have a closer dialogue with you as an entrepreneur to gain an understanding of the business, how we can meet its needs and find an optimal solution.större lånebelopp behöver vi föra en närmare dialog med dig som företagare för att få förståelse för verksamheten, hur vi kan tillgodose dess behov och hitta en optimal lösning.

Can I make changes after I take out a business loan?

Yes. You can log in at any time and make adjustments to your loan to suit your business's current needs.logga inMina sidor och göra justeringar på ditt lån för att det ska passa ditt företags nuvarande behov.

You can pause your amortization, extend your loan, modify the repayment, make an additional down payment, or settle your entire business loan ahead of time. When you sign in, your company also has a constantly updated loan space that you can apply for. In this way, you can easily see what financing options your company has if the need arises.

What types of collateral does Froda approve?

In most cases, you who run a limited liability company need to go on personal bail when you take out a business loan with Froda. However, in the case of larger loan amounts, we may approve other types of collateral as collateral for your business loan, such as a business mortgage or real estate mortgage. större lånebelopp kan vi dock godkänna andra typer av säkerheter som pant för ditt företagslån, exempelvis en företagsinteckning eller fastighetsinteckning.

Whether you need to go in personal bail or whether your company can use a different type of security is individual. You who run a trading company or an individual firm are always personally liable for the company's debts.

Do you take any UC when I apply?

As a rule, Froda does not take UC when you apply, but we take a credit report on the company via Creditsafe. Creditsafe does not lower your credit rating based on how many companies have downloaded a credit report on you, but the credit assessment is based only on the information that is currently registered in Creditsafe's databases. Therefore, the number of credit report requests does not affect rating, scoring or future credit ratings.

Because we not taking a credit report on you as a person also does not affect your personal creditworthiness. When the loan amount is greater than SEK 5 million, we also take a UC at the company to supplement the Creditsafe report.

Can I take out a business loan if I have payment notes?

Yes, you can be granted a business loan with Froda even if you have payment notes.

Past payment notes may result in you receiving a higher interest rate and being offered a shorter term, but we place the importance of our evaluation on how your business is doing today and not how it has fared historically. However, if your company has multiple payment statements or if we believe that there is a risk that you will not be able to repay the loan, we may reject your application.

Can I collect my business loans with Froda?

In most cases, you can collect your business loans with Froda. In order to do so, you must be able to settle your previous debts with other loans ahead of time and that the total amount of all your loans does not exceed your available space. Contact us if you want to collect your business loans with us and we will help you with how to proceed.Kontakta oss om du vill samla dina företagslån hos oss så hjälper vi dig med hur du ska gå tillväga.