In a recent press statement, Zip Loan has claimed to provide the most flexible and promising small business loans with SBA 7 & 504 loans. According to the information found on the official website of Zip Loan, SBA loans are particularly intended for the growth of small businesses. The company also claims to take care of evaluating the costs, the intended use of funds and qualifications for helping customers identify whether SBA loans are suited for their business.

According to an official spokesperson for Zip Loan, “Businesses which have had a successful run of two years without any foreclosures or bankruptcies and have a good credit score can qualify for small business financing. At Zip Loan, we provide SBA loan up to $350,000 after careful verification of approval requirements”. The spokesperson also added that clients applying for an SBA loan should have the adequate cash flow needed to make monthly payments through the lifecycle of the loan.

Further investigation into the information presented on the official website of Zip Loan showed a clear outline of the eligibility requirements for small business financing. The personal credit scores of the business owners should be maintained over 650, and they should be US citizens or legal permanent residents. The public records of the business should not include any foreclosures or bankruptcies in the last three years, and there should not be any type of open tax liens or outstanding collections for the business.

About the company:

Zip Loan is an online platform that can help small businesses secure much-needed financing for the growth of their ventures with flexible options.