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Zip Capital Group Frequently Asked Questions

This is a list of some of the frequently asked questions that we receive here at Zip Capital Group. Contact us or call (800) 795-3919 with questions or to request more information. If you are ready, you can also apply for a Zip Capital Group working capital loan.

How much does a working capital loan cost?

There are traditional bank loans and working capital loans. With a traditional bank loan, the bank will look at your credit history, collateral, have an extensive application process, and most will take a long time to make a credit decision. It has been our experience in the business that it can be weeks and even months in some cases.

A working capital loan is a non-traditional, short-term loan. As a result, there is not an amortizations schedule, or annual percentage rate that is applicable.

What we look when looking at your application is the total payback, or out-of-pocket money for your loan and compare that to how much revenue you are going to generate with our capital to see if it makes sense for your business. Additionally, there are several tax breaks that are applicable that can help reduce the overall cost of the loan

Why is so much of the loan application process over the telephone?

The telephone is just one way of applying for a Zip Capital Group working capital loan. You can apply online or download an application to complete and fax in when you are done. After you have completed your loan application, fax it to (949) 608-9503 or email to info@zcgdirect.com.

Once we have your loan application and all of the supporting documentation, we will review everything and have a decision for you in 24 hours. Once the terms are agreed upon, your working capital can be wired to your bank account within 24 to 48 hours.

What are the benefits of a daily repayment schedule?

Many people are used to monthly payment schedules. Many of our clients initially preferred a monthly payment instead of a daily payment schedule. What many of them found was that by paying incrementally throughout the month, they would end up with a longer use of funds. Additionally, many of them didn’t like the pressure that came with preparing for a payment every month. They liked that the payment took place when they had the funds.

The daily payment is really the same as the monthly payment. The only difference is that there are 21 smaller payments instead of one larger monthly payment. Additionally, since our loans are unsecured with no collateral required, it is a very simple way to pay back the loan without having a large monthly payment.

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