Creddo

Creddo is a Swedish loan brokerage platform that connects small and medium-sized enterprises (SMEs) to lenders through a single digital application. Established in Stockholm in 2019, Creddo operates across Sweden, Finland, and the Netherlands. The platform simplifies the loan search process by allowing businesses to receive multiple loan offers from different lenders using one UC credit check. The service is free and non-binding.

Overview of Creddo Business Loan Services

Creddo provides access to business loan offers ranging from SEK 10,000 up to over SEK 10 million, depending on the financial profile of the business. Applicants typically receive loan proposals within 24 hours from a network of more than 20 lenders, including banks and alternative finance providers.

Service Highlights:

• Single application with one UC credit check
• Free and non-binding comparison service
• Broad access to business financing options such as term loans, business credit lines, factoring, leasing, equipment finance, and real estate loans
• Larger companies can access funding above SEK 10 million through personalized loan advisors

Pros:

• One application reaches multiple lenders
• Fast response time with offers often available within one business day
• Ideal for comparing loan terms without commitment

Cons:

• Final loan conditions depend on the individual lender
• Some lenders may require personal guarantees
• No visibility into lenders outside of Creddo’s partner network

Creddo is best suited for businesses in Sweden looking to streamline the process of securing a loan by receiving and comparing multiple offers efficiently and without upfront cost.

What Services Does Creddo Offer?

Creddo acts as a broker and does not issue loans directly. Instead, it connects businesses with a wide network of lenders, offering various financing products. Below is an overview of the loan types available through Creddo:

Loan Type	Amount Range	Interest Rate	Term Length	Payout Time	Credit Info	Notes
Business Loans	SEK 10,000–10,000,000+	Varies by lender	6–60 months	Often within 1 day	One UC credit check	Offers from multiple lenders
Factoring	Based on invoice size	% of invoice value	Until invoice due	Within 24 hours	Varies	Suitable for B2B with receivables
Business Credit	SEK 50,000–5,000,000	Flexible	Revolving	1–3 business days	Varies	Used for flexible short-term funding
Real Estate Loans	SEK 1M–50M+	Competitive	Long-term	Case by case	Requires valuation	For commercial property acquisition
Equipment Financing	Varies	Fixed or variable	Up to 5 years	Case by case	Depends on asset	Used for vehicles, machinery, etc.
Leasing	Varies	Monthly lease fee	12–60 months	Case by case	Varies	Useful for IT, cars, production tools

Creddo simplifies the process by presenting all offers transparently, making it easier to compare terms, rates, and lender requirements.

What Requirements Does Creddo Have for Applicants?

Creddo itself does not impose strict lending requirements. Instead, it acts as a matching platform between the applicant and its network of lenders. However, to use the service effectively, businesses should meet the following general conditions:

• Swedish-registered company: Only Swedish businesses are eligible.
• Active business operations: Lenders typically prefer businesses with at least 6 months of activity.
• Annual turnover: While there’s no fixed minimum, most offers target businesses with SEK 250,000+ in yearly revenue.
• No recent bankruptcies: Businesses with unresolved bankruptcy records may not receive offers.
• Verified corporate identity: Applicants must provide a valid organization number and basic documentation.

Once submitted, Creddo performs a single UC credit check, which is shared across multiple lenders—avoiding multiple credit hits. Specific lenders may request additional documents like financial statements, tax returns, or a business plan depending on the loan type and amount.

How Does Repayment Work with Creddo?

Since Creddo is a broker, repayment terms depend entirely on the lender you choose. Most lenders offer monthly payments with fixed or variable interest. Some allow early repayment without penalty, while others may charge fees for doing so. Your repayment schedule—whether it’s annuity-based, straight-line, or bullet—is always defined in the individual loan contract.

Creddo’s platform ensures that borrowers can compare repayment terms before committing, helping businesses choose a loan structure that fits their cash flow and budget.

How Do You Apply for a Business Loan from Creddo?

Applying through Creddo involves a simple online process:

1. Fill out a form with your desired loan amount and term.
2. Provide company details, such as your organization number and annual turnover.
3. Submit the application and receive offers from multiple lenders within 24 hours.

All offers are presented side-by-side, making it easier to compare interest rates, terms, and fees before deciding. Once you select a loan, the lender may request additional documents before final approval.

When Does Creddo Payout Business Loans?

Payout times vary by lender. However, many loans are disbursed within 1 business day after final approval. Below is an overview of typical payout timelines:

Day Applied	Estimated Payout Time
Monday–Thursday	Within 24 hours
Friday	By Monday or Tuesday
Saturday–Sunday	Processed on Monday

Some lenders may offer same-day payouts, especially for lower amounts or pre-approved businesses.

Customer Service

Creddo offers responsive customer support via email and phone, typically available on weekdays during standard business hours. Their platform also includes a knowledge base and loan guides to help applicants understand the financing process.

Facts About Creddo

Company Name	Creddo AB
Address	Luntmakargatan 18, 111 37 Stockholm
Corporate Number	559152-6111
Homepage	creddo.com/se
Email	support@creddo.com
Phone	08-551 087 55