1,000,000 SEK Business loan

A 1,000,000 SEK business loan can transform a growing company in Sweden; funding large-scale expansion, high-value equipment purchases, strategic property investments, or boosting working capital for major contracts.

At this level, lenders expect proven financial stability, solid turnover, and a clear, ROI-driven plan for how the funds will be deployed. We’ll break down who qualifies, what terms you can expect, and how to secure the most competitive 1,000,000 SEK loan offers in the Swedish market.

Is 1,000,000 SEK the Right Loan Size for Your Business?

A 1,000,000 SEK loan is intended for established businesses with defined growth strategies and the operational capacity to manage larger debt obligations. This amount is often used for projects with a significant impact on revenue and efficiency, such as opening new locations, purchasing industrial machinery, financing large-scale marketing campaigns, or acquiring commercial property.

Before applying, evaluate whether your current and projected cash flow can support the monthly repayments without putting daily operations at risk. As a benchmark, businesses seeking this loan size in Sweden often generate annual turnover of 2–5 million SEK or more and maintain consistent profitability. If your company meets these conditions and has a clear, measurable plan for using the funds, 1,000,000 SEK can be a powerful tool for long-term growth.

Loan Types Suitable for 1,000,000 SEK Financing

A 1,000,000 SEK loan falls into the category of substantial business financing, giving you access to multiple lending options in Sweden. Each type comes with different requirements, costs, and flexibility.

1. Bank Term Loans
Traditional Swedish banks offer secured and unsecured term loans for established companies. Secured loans often have lower interest rates and longer repayment terms, while unsecured options require stronger credit and higher interest.

2. Government-Backed Loans
Institutions like Almi Företagspartner provide loans partly backed by the Swedish government. These are aimed at growth and innovation, often combined with advisory support. They can be more flexible on collateral but require a strong business plan.

3. Online Business Lenders (Fintech)
Digital lenders such as Qred, Capitalbox, and Krea offer faster applications and funding, sometimes within days. Interest rates are usually higher than banks, but eligibility criteria are more accessible, especially for SMEs.

4. Asset-Based Lending
If the loan will finance specific equipment, vehicles, or property, asset-based loans use these assets as collateral. This can lower the interest rate and make approval easier.

5. Peer-to-Peer (P2P) Lending Platforms
P2P networks match businesses directly with private or institutional investors. They can be competitive for strong business cases but may take longer to secure full funding.

Choosing the right type depends on your revenue stability, collateral availability, and urgency for funding.

Eligibility Requirements

Qualifying for a 1,000,000 SEK business loan in Sweden demands a strong financial profile and a proven track record. Lenders will assess your company’s stability, repayment capacity, and the potential return on the loan investment.

Eligibility checklist

• Registered Swedish business (Bolagsverket)
• Minimum 1–2 years of trading history
• Annual turnover of at least 2–5 million SEK
• Positive cash flow and profitability
• Solid credit history (business and/or personal)
• Clear loan purpose with ROI projection
• Active Swedish business bank account

Registered Swedish Business (Bolagsverket)

Your company must be officially registered in Sweden and listed with Bolagsverket. This confirms legal status and operational legitimacy.

Minimum Trading History

Most lenders expect at least 12–24 months of operational history to prove market presence and revenue stability.

Annual Turnover Requirement

For a seven-figure SEK loan, lenders generally require yearly revenue of 2–5 million SEK or higher. Strong turnover supports better interest rates and terms.

Positive Cash Flow and Profitability

Consistent cash flow and positive net results are essential to show that your business can handle monthly repayments without financial strain.

Solid Credit History

Both business and personal credit records may be reviewed. A history of timely payments and manageable debt increases approval chances.

Clear Loan Purpose

You must present a detailed breakdown of how the funds will be used, along with expected returns and timeframes.

Active Swedish Business Bank Account

Lenders usually require a domestic business bank account to process the loan and verify financial transactions.

Required Documentation

Applying for a 1,000,000 SEK business loan in Sweden involves presenting comprehensive and verifiable documentation. Lenders use these materials to assess risk, validate your financial health, and ensure regulatory compliance.

Document checklist

• Bolagsverket registration certificate
• Annual financial statements (last 2 years)
• Business bank statements (last 6–12 months)
• Corporate tax filings and VAT reports
• Detailed loan purpose or investment plan
• Valid ID for owners and/or UBOs
• Business plan (mandatory for growth or innovation loans)

Bolagsverket Registration Certificate

Confirms your business’s legal standing and structure in Sweden. It should be current and reflect accurate ownership details.

Annual Financial Statements

Two years of audited or accountant-prepared financial reports, including income statement, balance sheet, and cash flow, help lenders gauge stability and profitability.

Business Bank Statements

Recent statements from your Swedish business account provide real-time insight into cash flow patterns, seasonal variations, and transaction history.

Corporate Tax Filings and VAT Reports

Up-to-date tax records prove fiscal compliance. Lenders view late filings or unpaid tax liabilities as significant risk factors.

Detailed Loan Purpose or Investment Plan

Clearly outline how the 1,000,000 SEK will be allocated—equipment, expansion, marketing, or property—and the expected business impact.

Valid ID for Owners/UBOs

All owners or ultimate beneficial owners must provide government-issued identification for verification.

Business Plan

Required for most large-scale loans, especially those aimed at growth or innovation. Should include market analysis, revenue forecasts, and repayment strategy.

Tip: Submitting complete and well-organised documents at the start can significantly speed up approval and improve your negotiating position with lenders.

How to Apply for a 1,000,000 SEK Business Loan

Securing a seven-figure SEK loan in Sweden requires a structured approach. Lenders expect thorough preparation, accurate documentation, and a clear case for why your business needs this level of funding.

Step-by-step application process

1. Define your funding objective
   Specify exactly how the 1,000,000 SEK will be used and the projected return. Break the budget into detailed categories.
2. Research lenders and loan types
   Compare banks, fintechs, and government-backed programs. Focus on interest rates, repayment terms, and collateral requirements.
3. Check eligibility
   Ensure your company meets minimum turnover, operational history, and credit standards before applying.
4. Prepare documents
   Gather financial statements, bank records, tax filings, business registration, and a detailed loan plan.
5. Submit the application
   Complete the lender’s application form—online for fintechs, in-branch for banks—and attach all required documents.
6. Undergo lender assessment
   Expect credit checks, cash flow analysis, and possible follow-up questions to clarify details.
7. Review the loan offer
   Evaluate interest rate, term, repayment structure, fees, and any security requirements before accepting.
8. Sign and receive funds
   Once approved and signed, funds are typically disbursed within 2–7 business days, depending on the lender.

Clear, detailed applications not only speed up the process but also strengthen your position when negotiating terms for a large business loan.

Interest Rates and Loan Terms

For a 1,000,000 SEK business loan in Sweden, interest rates and repayment terms vary significantly depending on the lender type, whether the loan is secured, and your company’s financial profile. Larger loan amounts often qualify for more favourable rates if supported by strong collateral and a solid repayment plan.

Typical Interest Rates (Annual Percentage Rate – APR)

Lender Type	Interest Rate (p.a.)
Traditional Banks	3.5% – 5.5%
Government-Backed Loans	2.0% – 5.0%
Online/Fintech Lenders	6.0% – 8.5%
Asset-Based Loans	3.0% – 6.0%

Typical Loan Terms

Loan Type	Repayment Period
Secured Bank Loan	3 – 10 years
Unsecured Business Loan	2 – 5 years
Asset-Based Financing	2 – 7 years
Government SME Loan	Up to 10 years

• Secured loans generally offer the lowest rates and longest terms but require collateral such as property, machinery, or other high-value assets.
• Unsecured loans are faster to obtain but come with higher rates and shorter repayment periods.
• Government-backed loans may include extra benefits like advisory support, grace periods, or flexible repayment structures.
• Repayments are typically monthly and fixed, but some lenders offer variable or turnover-based repayment models.

Example Cost Breakdown

Understanding the repayment structure of a 1,000,000 SEK business loan is essential for planning cash flow. The total cost depends on the interest rate, repayment term, and whether the loan is secured or unsecured. Below are three sample scenarios based on common Swedish market rates.

Loan Term	Interest Rate (p.a.)	Monthly Payment	Total Interest Paid	Total Repayment
36 months	5.0%	29,975 SEK	79,100 SEK	1,079,100 SEK
60 months	6.5%	19,566 SEK	173,960 SEK	1,173,960 SEK
84 months	5.5%	14,429 SEK	211,996 SEK	1,211,996 SEK

Scenario Insights

• 36 months at 5.0% – Fastest repayment with lowest total interest, but highest monthly payments. Suitable for businesses with strong cash flow.
• 60 months at 6.5% – Balanced choice with moderate monthly payments and manageable total cost.
• 84 months at 5.5% – Lowest monthly burden, ideal for long-term investments, but highest total repayment.

These examples assume fixed rates with equal monthly installments. Actual figures will vary based on lender, collateral, and your company’s financial profile.