What is the maximum amount I can borrow without property security?

Zool Capital generally offers loans of up to $100,000 without real estate security, although you may still need to provide a charge over your business assets and director guarantees. For loans above $100,000, real estate security is generally required.

Can I use a Zool Capital loan to purchase an existing business or franchise?

Yes, Zool Capital specialises in business acquisition and franchise finance for entrepreneurs looking to buy into an existing operation. Unlike traditional banks that focus solely on historical data, Zool Capital evaluates the growth potential and management experience of the buyer.

What is the minimum trading history required to qualify for a loan?

Your business needs to have been trading for at least 6 months with an active ABN or ACN.

Are there fees for paying back my business loan early?

No, Zool Capital generally does not charge early repayment fees on their business loans. This allows you to settle your debt early and save on interest costs without incurring financial penalties.

How quickly can I receive funds after my application is approved?

Funding can be released in as little as 24 hours once your application is approved and all legal documents have been signed. The initial pre-approval process is often completed within 2 hours of receiving your inquiry.

What documents do I need to provide for the application?

You will need to provide your ABN or ACN, 6 months of business bank statements and a valid form of Australian identification such as a driver's licence. For larger or secured loans, you may also be required to provide full financial statements and an acquisition plan.