Zip Loan has launched a fintech platform enabling businesses to offer installment payment plans from $200 to $35,000 for business purchases.
-- Zip Loan, a fintech company, has announced a financing platform that allows businesses to offer their customers installment payment plans while receiving immediate upfront payment themselves.
More information is available at https://zip-loan.com/
Zip Loan explains that many merchants lose sales when customers can’t afford the full price up front. As such, they have developed a platform which enables businesses to offer financing at checkout, rather than turning those customers away.
Once the platform is integrated into a merchant’s point-of-sale system, Zip Loan handles the entire financing process. It processes customer applications, provides instant approval decisions, pays the merchant immediately, manages the collection of installment payments, and handles customer service for any financing-related questions.
To maximize approval rates, the system connects merchants with dozens of lending partners. Because each lender evaluates applications differently and specializes in different credit profiles, consumers across a wide range of credit situations can qualify—including those with prime, near-prime, subprime, or no established credit history.
“We’ve streamlined the underwriting process so small and mid-size merchants can now access financial products that only large companies could previously offer,” a company representative explained. “Our network of lenders means businesses don’t have to turn customers away because of credit issues.”
The platform can finance purchases as low as $200 and up to $35,000, with higher amounts possible for qualified applicants. Merchants across a wide range of sectors have already adopted the system, including medical and dental practices, automotive repair shops, retail stores, home improvement contractors, and veterinary clinics.
In addition to standard installment loans, Zip Loan’s network of partners also offers lease-to-own financing and private-label revolving credit programs.
Businesses interested in offering point-of-sale financing can enroll as Zip Loan merchants, receive integration support, and begin providing these payment options through their in-store or online sales channels.
Additional program details and enrollment information are available at https://zip-loan.com/
Contact Info:
Name: Joe Toth
Email: Send Email
Organization: Zip Loan
Address: 624 Matthews-Mint Hill Road Suite 232, Matthews, North Carolina 28105, United States
Phone: +1-877-308-0088
Website: https://www.zip-loan.com/
Source: PressCable
Release ID: 89180044
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