On 8 April 2020, the Hong Kong Government announced a HK$80 billion Employment Support Scheme (ESS) to help employers retain employees and avoid redundancies. For eligible companies, Zetl can provide this funding up-front so you don’t have to wait until the government applications are processed.
While this wage support helps, the money won't come for a while yet and you still have wages to pay this month. Zetl are committed to smoothing this curve and ensuring that wages are covered until the subsidy is paid.
Zetl is a financing platform that funds professional services firms in Hong Kong & Singapore. We're entrepreneurs ourselves and understand the pressure to make payroll every month when invoices are delayed.
Helpful, understanding, receptive. These guys are the best. Entrepreneurs themselves they understand what it feels like looking at a brick wall when salaries are due in 24 hours!
Matt has been an extremely professional person to deal with when our business finances have been under pressure. He is quick and efficient, and does due diligence which is very reassuring. As a business we have managed to keep our financial commitments on time which has been essential in a difficult economy.
We don't have full details from the government yet but it looks like we'll be able to provide you with an interest-free advance (we'll still have to charge a processing fee to cover cost). All you'll need to do is apply and pay us back as soon as you receive the money from the government. We may even be able to prepare the application for you.