Zaloan Business provides corporate loans to small companies, self-employed and individual companies. Amounts between SEK 20,000 and SEK 2000,000 are offered for a term not exceeding 24 months. The whole process is very simple with answers and payouts usually the same day. A good alternative to small business owners who are in need of a quick financial solution with clear terms and fixed costs. On the website you can also read more in-depth about various industry examples for additional tips and advice that may be needed when facing a loan application.
This is an unsecured corporate loan, which means that you do not have to pledge anything and that the loan is also not linked to any specific assets. However, one needs to give a personal guarantee that the loan will be repaid according to agreement.
Zaloan Business, corporate loan SEK 20,000 – SEK 2000,000:
- Credit information via UC
- Payment within 2 days
- Unsecured corporate loans
Studies show that traditional banks continue to deny more flexible financing solutions, although demand is constantly increasing. By offering a secure investment capital to small businesses and entrepreneurs, Zaloan increases the chances of putting your company in the running. The idea is to be intermediary in that new opportunities for your company open up the way and that by providing somewhat lower, basic criteria than usual. Clear terms, fixed costs and easy online application help you expand your business directly.
Get a brighter future with a quick business loan
Zaloan was founded in 2005 and today has offices with economic activities in 24 countries and is listed on the 10th largest stock exchange , which indicates stability and credibility. Their task is to help small business owners who are ready to take the next step but who need an economic push along the way. With neither demands on security, unnecessary forms or annual reports, you can get a fast corporate loan, which in turn generates in a larger cash flow. Simply a faster and more modern way of taking a business loan.
Apply for a corporate loan through Zaloan Business
The application process takes place in four steps where you fill in ‘General information’, ie the desired loan amount and maturity. Then you click on ‘Your company’, ‘Your information’ where you can tell a little about yourself and your company. Finally, you go on to ‘Verification’ where you easily approve the application with MobiltBankID or via security box.
The application takes an average of 5 minutes and answers are given after another couple of minutes. Decisions are based on cash flow and credit points. Upon approved application, you can review the payment terms with monthly payment and interest. If you approve the loan proposal, verification is done again.
Payment and credit check
Full applications are generally dealt with directly with the aim of approving the loan on the same day (note that this applies during office hours Monday to Friday). If the agreement is approved, the loan will be paid out within 24 hours, counting on the money being deposited in the account within 2 working days after the application has been submitted and approved online.
No security is required for the loan, however, one must give a personal guarantee to ensure that the loan is repaid according to agreement. A credit report is made via UC at both company and owner (the person applying). Payment notes or bad credit ratings are not accepted.
Interest and expenses at Zaloan Business
Interest rates on corporate loans at Zaloan are on average 2.9%, which is the only information provided on the website. The interest rate is based on credit assessment but also the company’s cash flow. There is also a set-up fee of 2.5% for all loans. The costs are fixed and you can plan the expenses in advance. The loan can be redeemed without any extra fees.
‣ If necessary, you have the right to use 2 payment-free months per loan agreement (the only thing that is required is to contact support in advance).
Requirements for you as a borrower:
- Working for at least 6 months
- At least SEK 500,000 in annual turnover
- Have a separate company account
- A physical location of the company, where all owners are based in Sweden
‣ Zaloan also offers credit loans to private individuals.
- 2 payment-free months per loan agreement.
- Borrow up to SEK 2 million
- Short term, max 2 years