Credit Facilities

Credit Facilities are increasingly becoming popular among businesses as they provide much-needed flexibility in terms of finances. With Zil Money, businesses can now avail of credit facilities and repay the amount over a period of time with interest. This type of loan allows businesses to borrow money as and when they require it without having to request a loan every time they need cash. Zil Money now allows businesses to make purchases without worrying about the lack of funds and repay the amount at their convenience. 

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Zil Money is a financial technology company, not a bank or an FDIC member. Zil Money offers banking services through partnership with FDIC member banks Silicon Valley Bank, Texas National Bank, and East-West Bank.

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Integration with Banks and Accounting Software 

Zil Money is connected to over 22,000 banks and financial institutions in the United States and Canada. As a result, you may use the platform to connect various bank accounts and generate checks with ease. Moreover, the platform is QuickBooks-integrated, allowing businesses to input checks from the accounting software. Using the software, you can print them or send them as eChecks or via mail. 

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Integration with Banks and Accounting Software

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All-In-One Payments Platform for All Your Business Needs

All-In-One Payments Platform for All Your Business Needs 

In addition to providing credit facilities, ZIl Money offers many features that are beneficial for small businesses. You can design and print checks with Zil Money’s cloud-based check writing software. The platform also allows you to send and receive payments from multiple bank accounts.

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FEATURE AP/AR

Check Printing

Check Printing

Instantly create and print yourself on any printer. Drag & Drop Design

ACH

Pay By Credit Card

Now pay by credit card even if they don’t accept them.

Email Check

Cloud Bank

Open an online bank account with no hidden charges.

Check Mailing

Check Mailing

One-Click Check mailing for $1.25 by USPS/FedEx without leaving your desk.

ACH

ACH / RTP

Send ACH/RTP in one click. Get paid by ACH. Make it one time/recurring

ACH

Wire Transfer

Transfer money electronically from one financial institution to other.

Email Check

Email Check

No Printer/Paper? Email a One-time printable & trackable PDF Check.

Digital Check

Digital Checks

Convert paper checks to paperless Digital Checks & send to email/Text.

Check Mailing

Integration

Integrate with the top third-party applications.

Deposit Slips

Deposit Slips

Instantly create & print deposit slip of any Bank. Keep track & auto reconcile it

Get Paid Button

Payment Link

Get paid by Button/HTML form on your site or Link to text or email.

Bank Data

Bank Data

Connect & reconcile, Categorize from Any Fina-Institution automatically

Bill Pay/Vendor

Bill Pay / Vendor

Pay Bills Online, Schedule it, Manage suppliers Smart, and reduce risk.

Invoice

Invoicing

Professional invoicing, email with payment link, track & manage.

User Approver

User / Approver

Role-Based user and approval process. Accountant/Client access.

API

API / White Label

Interactive developer friendly API. Complete white label solution.

Understanding Credit Facilities

Credit facilities are fundamental tools in the modern financial landscape, providing essential liquidity and financing options for individuals and businesses. Essentially, they represent an agreement between a bank or other financial institution and a borrower to grant a certain amount of loans on demand. This might include overdraft services, revolving credit (like credit cards), term loans, letters of credit, or other financial guarantees.

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Understanding Credit Facilities

Why Zil Money!

A technology-first approach to payments and finance

Easy to Access

High Security

Easy Payment

The Impact of Credit Facilities

The Impact of Credit Facilities

Credit facilities play a crucial role in ensuring the smooth operation of financial activities and are a critical factor in economic growth and stability. By allowing flexible access to funds, they can help businesses to manage their cash flow more effectively, respond to unexpected expenses, or take advantage of new investment opportunities.

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FREQUENTLY ASKED QUESTIONS

Frequently Asked Questions(FAQ)

What are credit facilities?

Credit facilities are a type of loan that enables the borrowing company to borrow money over a lengthy period of time as opposed to requesting for a loan every time it requires cash. With Zil Money, businesses can now pay for the purchases if they do not have the funds and they can repay the amount with interest later.

What is the difference between a loan and a credit facility?

For a particular need, like a home or car, a loan is acceptable. It enables budgeting and pays off the loan in a defined amount of time. On the other hand, credit facilities are perfect for everyday use because they provide flexibility and backup credit if needed. Businesses can now use credit facilities through Zil Money and repay the money over time with interest.

Why is credit facility important?

Instead of continually seeking for loans, credit facilities allow borrowers to collect funds over time. With Zil Money, businesses may make purchases without worrying about having enough money and pay the money back with interest.

Credit Facility vs Loan

While a loan offers all the desired funds in one cash payment at the time it is provided, in the case of a credit facility, the bank gives the customer an amount of money that can be used as needed, whether it be with the full amount borrowed, part of it, or none at all.
Zil Money - Cloud Based Platform
Fintech Software
RATING: 4.6 ( 10164 ratings )
Price: $49.99/Year

PRECIOUS REVIEWS FROM

OUR CUSTOMERS

 

Vendor Management: Easily handle bill payments, instant check printing and mailing, invoicing, positive pay, and access User/API features across various platforms.

I had to be very cautious in a disputing situation when the check hasn’t arrived and goes to the bank, digging through all my paperwork.

Frank Czar

 

Zil Money has made my life easy. Now I can print all the checks on Blank Check Paper and export from my QuickBooks as well. 

Bimal Daftari

 

I always have to give checks ahead in many situations. Now it’s so easy to keep up. Same way making deposit slips on demand also very easy.

Travis Copeland

 

I was confused of managing multiple companies as an accountant. I found Zil money then and now everything is just easy.

William Andrews

 

Total Money Moved

9,520,030,217 +

Total People Paid

1,020,421 +

Total Businesses Satisfied

201,304 +