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Get StartedOnline experience: Provides learning resources, access to rates, mobile app
Customer services: Multiple ways of contacting the organization, a wide range of hours
Variety of loan types: Offers most funding types
Loan amount range: Loan amounts as much as $6M
Eligibility: Doesn't cover bad credit, low revenue, new businesses
Biz2Credit connects small businesses with diverse funding options, including term loans, revenue-based financing, and commercial real estate loans. You can complete the streamlined five-step application in minutes, receiving prequalification results and estimated loan amounts within 60 seconds. Expect approval decisions within 24 hours. A team of advisors stands ready to guide you through selecting the most suitable funding option for your business needs.
Current criteria: Biz2Credit has somewhat stringent requirements for term loans, including a minimum of $250,000 in annual revenue, an 18-month business history, and a FICO score of 650. However, revenue-based financing requires only a 575 credit score and six months of business history.
Biz2Credit business loans are best for quick loan approvals and flexible repayment terms.
Biz2Credit connects growing businesses across diverse industries with swift, flexible funding options tailored for expansion. Biz2Credit understands the unique needs of various businesses, from restaurants and hotels to medical practices and franchises.
Biz2Credit offers three main loan types along with their associated funding solutions:
Meant to give established businesses the capital needed for broad business needs.
Biz2Credit offers a five-step online application that only takes a few minutes to complete. Just follow these steps:
Sign up and get prequalified: Provide some basic business information to create your Biz2Credit account. This step prequalifies you and keeps your options open for ongoing business funding.
Apply for funding: Complete a short questionnaire and submit your bank statements. To streamline the process, you can connect your business’s bank account directly.
Match with the right product: Based on your application and the eligibility criteria, Biz2Credit will match you with the financing product that best suits your business needs.
Review your funding offer: You'll receive an option tailored to your business. This offer is conditional on meeting the final documentation requirements and passing an eligibility review.
Access your funds: Once you accept the offer and submit all required closing documents, the funds will be deposited into your online account.
At Biz2Credit, you won’t pay any fees to apply, create an account, or use the business tools available on its website. You'll only encounter fees if your financing is approved and you choose to accept the funds. The specific costs depend on the type of commercial financing you select.
Rates and terms: Competitive rates with repayment plans ranging from 12 to 36 months, depending on your qualifications.
Eligibility: You need an annual revenue of over $250K, a credit score of 650 or above, and at least 18 months in business. The loan term usually spans one to three years, with principal and interest repaid periodically.
Rates and terms: This isn’t a traditional loan. It features no fixed terms or interest rates. Instead, you make payments that adjust based on your performance. Biz2Credit reconciles these payments with actual receipts, ensuring flexibility as revenue fluctuates.
Eligibility: Requires at least $250K in annual revenue, a 575 or higher credit score, and a minimum of six months in business.
Rates and Terms: Based on your commercial real estate equity and business cash flow, you can opt for interest-only payments for up to 36 months.
Eligibility: Applicants must have more than $250K in annual revenue, a credit score of 650 or above, existing equity in commercial property, and at least 18 months in business. The loan terms vary from 12 to 36 months.
As soon as you create your Biz2Credit account, you’ll receive a preliminary estimate of the Revenue-Based Financing available to your business based on the initial information you provide. If this prequalification indicates you’re eligible, the next step is to submit additional documentation to complete your application, including a valid government-issued photo ID.
Biz2Credit sets specific requirements for each loan type. Your business must meet minimum thresholds for revenue, credit score, and time in operation to qualify for funding.
Biz2Credit boasts a solid track record, having assisted tens of thousands of small businesses in securing over $8 billion in commercial loans and financing since 2007.
Biz2Credit boasts strong customer feedback, earning a 4.7 out of 5-star rating on Trustpilot. The Better Business Bureau (BBB) reinforces this positive reputation, awarding the company a 4.5 out of 5-star rating and an overall B grade.
Biz2Credit’s term and commercial real estate loans offer flexible repayment terms from 12 to 36 months. Your interest rate will depend on your credit history and the lender’s terms. Payments are due weekly or biweekly for term loans and revenue-based financing, while commercial real estate loans must be paid monthly.
Biz2Credit takes your privacy seriously. It has a detailed privacy policy, ensuring your information is never rented or sold to anyone outside Biz2Credit and its affiliated companies. While it may share your information with third-party business partners to provide its services, it's committed to keeping it safe.
Biz2Credit employs various security measures to protect your information from unauthorized access, disclosure, misuse, or destruction. These include physical access controls, firewalls, data encryption, and strict information access authorization controls, all designed to safeguard your data effectively.
Biz2Credit offers customer support by phone, email, or directly on its website five days a week. For self-service resources, it provides a knowledge center that includes research reports, ebooks, webinars, and guides.
The company also offers a business toolkit that allows you to monitor your business’s finances and estimate the costs of potential loans.
Phone: (800) 200-5678
Email: info@biz2credit.com
Biz2Credit Inc.,
1 Penn Plaza, 49th Floor,
New York, NY 10119
Biz2Credit makes finding the right loan or financing offer for your business easy. This funding platform connects you with lenders who cater to a wide range of companies and approve loans quickly and efficiently. With its straightforward application process, exceptional customer support, and generous borrowing limits, Biz2Credit stands out as a great choice for business financing.
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