Business Loans
Helping your business grow
When your business needs to fund equipment, cover a cash flow with an overdraft or guarantee a payment, working with a finance specialist can help you determine the right loan for your business growth.
At Zel Finance we ensure you acquire the right structure for your needs and we handle the process right from application to approval.
We have access to over 40 lenders and because we’re here for you, not the lenders, we will make sure you know all the options available for your business.
Types of Loans Available
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A secured term loan is a way of securing finance for your business. The loans are provided for a fixed time period and are ‘secured’ by a physical asset that is owned by the business or one of the directors and has an assessable value. This asset is often referred to as ‘collateral’ or ‘security’ such as residential property, commercial property, vehicles, machinery or other equipment.
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An unsecured term loan is a way of securing finance for your business without an asset used as security. Unsecured term loans can make it easier to get a loan for small businesses or businesses that don't want to use personal assets for security. However, the loan amount is often smaller and the interest rate higher.
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A business overdraft is an agreed amount of additional funds that you can use through your business transaction account. Interest is paid on the amount you use and a fee for the total approved amount. Repayments are made whenever there is an outstanding amount on the overdraft.
This facility can be a handy option for short term cash flow. If it’s not being used you don’t have any repayments.
Can be secured or unsecured.
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Debtor finance is a finance amount based on the value of a business' accounts receivable i.e. outstanding invoices. It is often used help with cash flow while a business is waiting for invoices to be paid by customers.
It is an ongoing facility which is using a percentage of the unpaid invoices as collateral.
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Inventory finance is a short-term loan or line of credit that is used to acquire goods for a business that can then be sold. The income from the sale of goods are then used to repay the loan.