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Biz2Credit In-Depth Review
In a nutshell: Biz2Credit is an online financing platform for small businesses. It provides direct funding to companies across the United States. Biz2Credit is known for its financing products and educational resources such as the BizAnalyzer. The company has arranged $8+ billion in financing for thousands of small businesses since its launch in 2007.
Biz2Credit In-Depth Review
In a nutshell: Biz2Credit is an online financing platform for small businesses. It provides direct funding to companies across the United States. Biz2Credit is known for its financing products and educational resources such as the BizAnalyzer. The company has arranged $8+ billion in financing for thousands of small businesses since its launch in 2007.
Biz2Credit In-Depth Review

Overview

Founded in 2007, Biz2Credit provides an online platform for business loans, connecting borrowers with their large network of banks and financial institutions. Biz2Credit has arranged $8+ billion in loans for thousands of small businesses, earning the company a 4.6-star rating on Trustpilot.

Biz2Credit provides a range of loan options for businesses to secure revenue-based financing through a quick, easy online application process. Whether in need of extra money to cash flow business expenses in lean times or interested in expanding, you can secure fast funding* for up to $2+ million with Biz2Credit business loans.

Biz2Credit At-A-Glance

Loan Amount: Up to $1M+

Business Loan Types: Small Business Loans, Commercial Loans, Business funding for Women, Merchant Cash Advance, SBA Loans, Business funding for Veterans, Real Estate Financing, Equipment Financing, Franchise funding, funding for Latino Business Owners, Disaster Loans, Business Acquisition Loans, Business Credit Card, Unsecured funding, Revenue-based financing

Features

If you own a business and need quick access to revenue-based financing, Biz2Credit can help. Their funding platform efficiently connects borrowers with their large lending network through a simple online process. Whether you need to buy equipment, purchase a new business, finance payroll expenses, or refinance old debt, Biz2Credit has a range of loan options available.

Biz2Credit does not provide funding directly but instead works with a network of banks and financial institutions. This gives applicants greater flexibility in terms of eligibility requirements.

Biz2Credit Business Funding Needs:

  • SBA Loans: Through Biz2Credit, businesses can apply for SBA Loans, a loan program guaranteed by the U.S. Small Business Administration.
  • Merchant Cash Advance: Biz2Credit can help provide cash advances for businesses when cash flow needs are interrupted. Here, Biz2Credit lenders provide revenue-based financing based on future sales or receivables.
  • Unsecured Business Funding: With this type of funding, Biz2Credit will connect you with a lender that provides funding without requiring collateral assets. Unsecured loans generally have higher interest rates and fees.
  • Business Acquisition Funding: Biz2Credit extends funding to purchase an existing business, buy out a partner, or purchase/expand a franchise.

About Our Application

You should be able to complete the online application for commercial loans in minutes. Submitting one application covers both Revenue-Based Financing and Term Loans. Once you create your Biz2Credit account and start the application, you will get an initial estimate of the amount your business may prequalify to receive. You will then need to upload requirement documents and possibly give additional information, as indicated on the application form. Once your application is submitted, you will have access to an online dashboard (Dashboard) where you will receive updates on your application status. You can also cancel or withdraw your application at any time prior to funding. Each commercial loan is also subject to our Business Finance Terms and Conditions, which you must accept as part of our application. For questions, contact info@biz2credit.com or call 800-200-5678.

Repayment Terms

Because Biz2Credit works with a large network of lenders, they can connect borrowers with a range of loan options and terms. Specific terms will vary according to your business's financial situation and the provider.

Customer Support

If you have any questions, you can reach customer support directly through the toll-free telephone or their US-based number. Biz2Credit also has a convenient live chat option so you can speak with a customer service agent without even picking up the phone. If you prefer, you can also send an email or submit an inquiry through the online contact form.

Customers will benefit from a range of online resources available on the website. Here, you can read more about various business loan options offered by Biz2Credit. Stay informed on the latest articles and company updates by following Biz2Credit on Facebook, LinkedIn, Twitter, and YouTube. You can also sign up for updates by subscribing to their newsletter.

BOTTOM LINE

The Biz2Credit online platform has arranged over $8 billion in loans for businesses including small business funding and merchant cash advances.

*See website for details

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PROS
  • Funding up to $1M+
  • Works with poor credit
  • Comprehensive online resources
CONS
  • Not a direct lender
  • Not accredited by Better Business Bureau
Biz2Credit at a Glance
9.9 Editorial Score
Loan terms
10
Interest rates offered by Biz2Credit are very competitive
Application process
10
Known for quick and straightforward process, often allowing applicants to apply online and receive funding decisions rapidly
Eligibility requirements
10
Eligibility requirements are well-defined and more accessible than typical industry standards
Additional benefits
10
Access to financial advisors limited to initial consultations, good educational materials, moderate perks for repeat borrowers
Customer service and support
9.5
Available during standard business hours with multiple contact methods, timely responses
FAQs About Business Loans
Financing your business has become easier than ever with many lenders and business loan providers available. From SBA loans to lines of credit, companies can apply for many types of loans in the market. Get started with the most commonly asked questions about business loan services.
Should I get a business loan?
Business loans have a few advantages. By obtaining a loan, the lender does not have equity in the business. Instead, you simply need to repay the principal plus interest. After repayment, you do not need to share profits with the lender. This also reduces administrative duties by eliminating the need for shareholder meetings and votes. In addition, loans do not require the same regulations on investments.
What kind of information do I need to provide to apply for a loan?
Lending requirements depend on the business loan service. Often, lenders expect good credit, collateral, and steady monthly revenue for approval. A commercial lender may also request a business plan to prove that a business can repay the loan.
What is APR?
The APR (annual percentage rate) refers to the annualized interest rate charged for your personal loan. Typical APRs range from about 5% up to 30%. The APR of the loan depends on the applicant's financial history, assets, income, credit history, and other factors.
How much time do I have to repay the loan?
Repayment agreements depend on the terms negotiated between your business and the lender. Repayment periods can be as low as 6 months or less or for up to 5 years or more. When negotiating your loan, make sure to agree upon repayment terms that suit your current budget.
What kind of business loans are available?
There are many options for financing your business. Below are a few of the most common types of business loans:

Business Lines of Credit: A line of credit that businesses can access when needed
Equipment Financing: Loans to finance equipment in which equipment serves as collateral
SBA Loan: Low-cost, flexible loans secured by the Small Business Administration
Short-Term Loan: Small loans with short repayment terms between 3 to 18 months.

*American Express Business Line of Credit Disclosure: All businesses are unique and are subject to approval and review. The required FICO score may be higher based on your relationship with American Express, credit history, and other factors.
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