Biz2Credit Review

8.2

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Biz2Credit

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Biz2Credit Reviews

8.2

WRITTEN BY

Ali Rivzi

Flexible Terms and Quick Funding.

About Biz2Credit

Biz2Credit Inc. launched in 2007, backed by Nexus Venture Partners, has since arranged over $7 billion in small business funding across all 50 states. Biz2Credit provides funding through a wholly owned lending subsidiary Itria Ventures LLC. They are committed to being there for their over 225,000 clients and try their best to tend to the needs of businesses and entrepreneurs by providing a variety of business related funding.

8.2

LS SCORE

8.3

CREDIBILITY

9.2

SUPPORT

8.3

ACCESSIBILITY

Business Loans

Business Loans

Biz2Credit Business Loans Review

Biz2Credit understands the need for flexibility in small businesses and the challenges entrepreneurs face in the early years of their business. Therefore, Biz2Credit offers a variety of financing products including but not limited to term loans, working capital and CRE loans.

Biz2Credit Business Loans Highlights

LOAN AMOUNT

$25,000 - $6,000,000

LOAN REPAYMENT TERM

12-36 months

FUNDING TIME

72 hours

TIME IN BUSINESS

24 months

ANNUAL REVENUE

$10,000

ORIGINATION FEE

None

PREPAYMENT FEE

None

OTHER FEES

$250-$400 underwriting fees

MIN CREDIT SCORE

575

SOFT CREDIT PULL

Yes

LENDER TYPE

Marketplace

Pros & Cons

Funding available within 24 hours.
Variety of financing options available.
Supports businesses with potential and robust revenues.

May be an expensive option due to fees.
Every state may not have the same financing options.
No live chat option on their website.

Business Loans Type

SBA Loans
Business Line of Credit
Business Term Loan
Working Capital Loans
Equipment Financing
Short-Term Business Loan
Merchant Cash Advances
Commercial Real Estate Loans

Biz2Credit Business Loans Terms & Requirements

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.

How to Apply

To apply simply go to the Biz2Credit website and on the homepage and click “apply now”. That should take you to a short application which requires information about you and your business. The application will take 3-4 minutes to complete and you should hear back from a loan specialist within 24 hours.

Screen 1

Go to Biz2Credit website and on the homepage and click “apply now”.

Qualification Requirements

Credit score & credit history	Minimum score of 580; Bankruptries, foreclosures, and tax liens can disqualify borrowers.
Minimum age of business	2 years recommended
Minimum annual revenue	$100,000 recommended, can have exceptions depending on business model, industry etc..
Minimum age of borrower	N/A
Citizenship/residency	Proof of residency required

Required Information

Biz2Credit has an online application that should only take roughly 3-4 minutes. It requires personal and business information, including but not limited to name, address, contact details, financial statements, social security number, annual revenue and time in business. If you submit proper documentation, Biz2Credit can approve your application and provide funding, in as little as 24 hours.

Required documents

None specifically listed; but may include P&L statements, revenue reports, tax returns, bank statements.

Application Steps & Time Frames

Fill out the application (3-4 minutes), attach all relevant business documents.
A specialist will contact you to verify details, ask for any additional documents within 24 hours, and provide the application decision.
Receive funding within 72 hours.
Biz2Credit is fast and efficient in evaluating eligibility and providing funding.

State Availability

Available - Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, Wyoming.

Not Available - Nevada, North Dakota, Rhode Island, South Dakota, Vermont.

Privacy & Security

Biz2Credit is a reputable business with 4.5 out of 5 stars on Trustpilot and over 14,000 customer reviews. It has a slightly lower rating on BBB with 3.67 stars.

Most positive reviews indicate quick funding, excellent customer service, and a straightforward user experience. Others praise the company for its extensive collection of free educational resources, which are available on the website. Some negative reviews mention a confusing application process.

In terms of the website and application itself, both are secure. Biz2Credit has a team of software engineers, quality analysts, and security experts who regularly monitor the security of the platform. They also adhere to standard safety and privacy criteria, which helps keep consumer data confidential.

Biz2Credit is also transparent in how it gathers, uses, and discloses consumer information. The company does require users to give sharing permission with its third-party business partners and lenders to help find the best financing solution.

Overall, this company does take user security and privacy seriously, whether you’re borrowing directly from them or not.

Customer Support

Biz2Credit has a contact form on their website, a phone number, and a customer service email you can use. The company is located in New York, and they have standard business hours from 9am to 6pm EST, Monday through Friday.

Biz2Credit is incredibly responsive through all points of contact listed on their website, in most cases with a specialist reaching out to you within 24 hours.

Phone Support

(800) 200-5678

Mon - Sat

8:00 AM - 9:00 PM

Sunday

Closed

Email Support

info@biz2credit.com

Social Media

In Conclusion

Ultimately, Biz2Credit is an excellent option for businesses and entrepreneurs that would like flexible loan options, within $6,000 to $6,000,000. They offer competitive rates, transparent pricing and a helpful support team to help you achieve your goals.

FAQ

What loan options are available at Biz2Credit?

Various financing products are available through Biz2Credit 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.

How quickly is financing available?

If applicants have provided appropriate documentation and information, they can receive financing in as little as 24 hours.

How much financing is available?

Biz2Credit can arrange funds between the amounts $6,000 to $6,000,000. Typically between 75% and 125% of your business monthly deposits.

Biz2Credit Disclaimer

Biz2Credit Disclosure: By accessing or applying for Business Finance Services from Biz2Credit relating to your potential business funding or other business financing products, you expressly accept and agree to both our Terms of Service and the Business Finance Services Terms & Conditions. The rates and terms and conditions here in are not a commitment or guaranty by Biz2Credit Inc. or any of its affiliates to provide financing, and are subject to change at any time. Not valid in all states. All products and services are subject to eligibility and other conditions and restrictions. Biz2Credit Inc. is not a lender. All terms and conditions and credit decisions are at the sole discretion of the lender. Offered for commercial uses to businesses only. Other terms, conditions, fees and restrictions may apply.

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