General Questions

Most unsecured fintech lenders will offer you a maximum of 1-1.5x of your monthly average revenue. This is subject to serviceability within your business.

There is a wide range of products out there. Some products have no exit fees, some have between 3-6 months exit clause that capitalise interest, and some products capitalise remaining interest regardless when you exit until loan maturity.

Different product have different fees and charges. Interest rates will vary depending on the risk of your business. These will be outlined to you when we deliver product options.

While most fintech lenders can process a completed application within 24 hours you should allocate at least 3-5 days. This enables you to have sufficent time to correspond with external stakeholders such as your accountant should the lender need more financial documentation.

Also, most applicant make the mistake in applying for a loan when they ave a cash shortfall or minimal cashflow in the bank. This will reduce your ability to service a loan dramatically and may result in a negative outcome. You should plan ahead with your cashflow forecast and apply when your bank account has a healthy balance.

About Zetara Finance

We are located in Gladesville NSW. We have business partners in all states.

Zetara Finance core focus is on business finance through unsecured fintech lenders. We have a group of experienced finance specialist that support other aspects of lending with our clients. From asset finance, equipment finance, property development, invoice finance, personal loans and car loans.

We want to ensure you have the best experts looking after you and your business.

We are specialist in fast unsecured business funding. We have an indepth knowledge and experience to find you the right product. Our understanding on every lender’s credit policies and appetite saves time. In addition, our strong relationship with all the lenders enable us to streamline the process to deliver quickly and efficiently.

Broker’s and accounting partners refer clients to us because we look after their clients from end to end. We have a vested interest in their business because we believe that when we deliver and their client is happy, it’s a commercial success for all three stakeholders.

YES! You should always seek professional financial advice before you take on a debt. Zetara Finance is not providing any form of advice. We seek financing options for you. Should you need financial advice we can connect you with our network of accountants, business or finance advisers.

We work with finance specialist in all areas. If the best finance strategy for your business is outside of an unsecured fintech loan we will engage with our business partners who are subject matter experts to ensure we have the best finance approach for your business and your needs.

What is the application process for a business loan?

Once you have contacted us, we will get to know your business and your needs. This will enable us to build a case profile to send to a shortlist of lenders we believe is the most suitable for your case.

When we know our options in terms of lenders who will fund your cause, we will initiate an application on your behalf (with your permission).

Basically we will fill out the form with information you have provided to us and will hand over the application to you to complete. You can view, edit and complete the application as required by the lender.

Likely it is simply a secured, read only bank connection of your business account/s.

As soon as your loan is approved, or is drawn, your funds will reach your bank account within hours or a few business days.

Most lenders use bankstatements.com which requires the applicant to connect their bank account for a one time read only bank grade connection to download 6-12 months of bank statements. This will then be fed to their credit algorithms to quickly determine your serviceability.

Your credentials are destroyed once the connection is complete. Hence why most lenders will require you to do another connection when you want a review in the future.

Most businesses have some form of tax debt. This is ok with most lenders as long as you have an agreed payment plan with the ATO.

Minimum requirements for a loan

Lenders vary and will range between 6 months to 36 months trading with an ABN/ ACN and GST registered.

Keep in mind, the younger the business the higher the risk for lenders and may cost you more to access funding.

There are varying scales of requirements from a wide range of lenders. Some lenders are ok to offer you a loan if you had a small (paid) default in the past. Most, if not all lenders will not be comfortable if you have multiple dishonours recently.

If you have been in a growing business that is managed well, you will have no issues funding your business growth.

All applications requires you to give permission for direct debit payments. Once your loan settles repayments are made by direct debit from your trading account.

Depending on the situation. All defaults have to be paid and relatively small with a good narrative. You must disclose any adverse filings such as a default prior to application.

The minimum credit score range between lenders. The lowest is 350 where some lender’s lowest acceptable score is 500.

After You Are Approved

Good news is we don’t charge an upfront mandate for our service. This means, no approval, no cost to you. If there is an upfront cost on application for certain products, we would inform you prior to lodgement.

Commissions are paid when a loan settles for all brokers. We don’t provide just a loan, we provide a proposition. If it is beneficial to your business and the loan offer is drawn, we will be remunerated by the lender for our efforts in the form of a commission.

Typically adhoc payments to reduce principal cannot be made as most lenders keep process streamlined by automation. However most products enable you to exit the loan completely saving you further interest. Early repayments can be possible subject to your loan agreement.

You will need to contact the lender on your loan agreement to discuss an early payout.