Terms and requirements can vary depending on the loan size and type. Most borrowers will need a good credit score with at least 6 months of revenues (2 years recommended). Bankruptries, foreclosures, and tax liens can disqualify borrowers. Their loans can be costly due to fees, but are quickly available. Business loans are unsecured and collateralized, meaning that the borrower may be personally liable if the business were to default on the loan.
Biz2Credit offers a variety of financing products including term loans, working capital and CRE loans, SBA loans, traditional bank loans, business lines of credit, equipment financing, business acquisition loans, commercial real estate loans, refinancing and merchant cash advances for small business owners. *Not all financing products from Biz2Credit are classified as loans.