Biz2Credit
check_circle VerifiedLaunched in 2007, Biz2Credit is an alternative lending platform that offers direct financing to a wide range of small businesses. The company provides a variety of funding options, such as working capital loans, SBA loans, lines of credit, real estate bridge loans, and traditional business term loans. Since its opening, Biz2Credit has funded more than $2 billion in loans. Biz2Credit's funding ranges from $2,500–$5 million.
Completed in a few minutes, the entire loan application process is secure, efficient, and prices are transparent.
The Good
- Simple Application Process
- Quick Funding Time
- BizAnalyzer Tool
- Wide Loan Range
Simple Application Process
Biz2Credit has a quick and easy application process that typically takes less than four minutes to complete. Not worrying about a lengthy loan application makes the lending process simple and carefree.
Quick Funding Time
Once your loan application is complete and you submit the necessary documentation, you can receive funding in as little as one business day. Biz2Credit strives for a quick and easy financing process.
Wide Loan Range
Biz2Credit offers financing options from $2,500 to $5 million. Lending amounts will depend on the business and its qualifications, but it's convenient that Biz2Credit provides a wide range of loan amounts to appeal to many types of borrowers with differing needs.
The Bad
- Underwriting Fee or Loan Origination Fee
- Unknown Requirements
Underwriting Fee or Loan Origination Fee
Biz2Credit states on its website that for the majority of non-banking financing options, you will pay an underwriting fee that can reach up to $400. For banking financing, Biz2credit charges a loan origination fee. However, the fee varies based on the loan type, amount, and multiple other factors.
Although Biz2Credit charges an upfront fee for its loan products, this is common for most financial institutions. If you want to know the exact fees, you’ll need to reach out to Biz2Credit for a quote.
Besides closing fees, Biz2Credit doesn't charge any other upfront or hidden fees. You’ll only pay a fee after loan approval and once the financing process finalizes. Biz2Credit also provides an individual written agreement regarding the closing fees to be as transparent as possible.
Unknown Requirements
Biz2Credit does not list on its website all of its loan requirements, such as revenue requirements. However, the lender does note that it prefers established businesses that are profitable with two or more years in business and a solid credit history and score. However, Biz2Credit does offer startup loans to certain businesses.
The Bottom Line
With more than a decade of experience, Biz2Credit is an alternative lending platform with banking and non-banking financial services. As the company is not a direct lender, Biz2Credit acts as an online marketplace that provides customers with a nationwide network of lenders to easily offer quotes and pre-qualifications to borrowers.
The company has a wide range of loan products so customers have multiple options to choose from. Biz2Credit offers quick funding within 24 hours and simple loan applications that take less than four minutes to complete.
If you’re interested in learning more about the lender and how it compares to other loan service providers, you can find Biz2Credit reviews below.
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Biz2Credit Frequently Asked Questions
What types of loans does Biz2Credit offer?
Biz2Credit is not a lender. Instead of direct lending, we connect qualified business owners who seek financing to a network of best fit lenders based on the type of financing being sought.
Biz2Credit provides lending options including SBA loans, traditional bank loans, business lines of credit, equipment financing, merchant cash advance, unsecured business loans, and business acquisition loans. In addition, we offer special financing programs dedicated to businesses owned by women, veterans, and minorities.
What is Biz2Credit's maximum loan amount offered?
Our maximum loan amount is $1,000,000. However, Biz2Credit helps businesses of all sizes to meet their financial goals. Funding starts at $10,000 and may be requested up to $1,000,000.
What is Biz2Credit's minimum loan amount offered?
Our minimum loan amount is $10,000. However, Biz2Credit helps businesses of all sizes to meet their financial goals. Funding starts at $10,000 and may be requested up to $1,000,000.
How quickly will Biz2Credit transfer funds once the loan application and approval are complete?
You may receive funding in as little as 24 hours. Once a funding application is submitted with all required information and documentation and approved, funding can be received by the requester in 24 hours or less.
What are Biz2Credit's loan requirements for time in business?
Most businesses that qualify for funding have operated for two or more years. However, we use a holistic approach to funding that accounts for a more balanced credit evaluation. Startup loans are available to entrepreneurs who generally have time in business of six months or more.
What if I have bad credit or no credit?
We encourage you to apply. Biz2Credit has funded many customers in similar circumstance because we look at your overall financial picture, not just your credit score.
If I apply for funding, will it hurt my credit score?
Just filling out the application — without uploading any bank statements or other required financial documents — will not affect your credit score. If you then decide to proceed and submit these documents, we will perform a hard pull on your credit report, which may impact your credit score.
Does Biz2Credit charge any fees?
You will never be charged fees for an application submission or for using any business tools on our website. You only pay a fee if your financing transaction closes and you get funded. All fees are clearly explained in a separate written agreement that is shared with you prior to funding.
Is my personal information secure?
Yes. We take your privacy very seriously. All your information is managed securely. We never sell your information to third parties. For more information, view our full privacy policy at biz2credit.com/privacy-policy.
I have more questions. What should I do?
Call our Funding Specialists. They’re available to answer your questions Monday through Friday, 9 a.m. – 6 p.m. ET, and Saturdays and Sundays, 10 a.m. – 6 p.m. If you’re eligible, they can also help you get a loan that’s right for your business. Call them at 888-410-7473.
User Reviews
Star Rating
24 Reviews
Review Breakdown
Sentiment Criteria
bookmark Featured Review
John Hunter
They are fast and affordable. Gary W had funds in our account the same day that we signed.
Reply from Biz2Credit
Dec 12, 2019
Hi John, Thank you for sharing your experience! We're glad we could meet the expectations of your business.
bookmark Featured Review
Jason
I have used Biz2Credit for years, and it helped drive my business growth. They provided loans in a timely manner.
Reply from Biz2Credit
Dec 23, 2019
Jason, thank you for being the best part of Biz2Credit. We appreciate your feedback and are glad to hear that our service has met your standards year after year.
Salim Jumma
Biz2Credit really did helped me and got me the loan, Gary W Thanks for all your help!!!! Look forward to do business long term with your company.......
smbertha
Easy and simple process with employees that are very helpful, like Gary W, thanks.
Mehdi
Gary and Sam has always been a really helpful in work with us and take if care of our need and they do all they can to help the Coustomer out
Reply from Biz2Credit
Jan 17, 2020
Hi Medhdi, Thank you for sharing your experience! It's great to hear that we've had such a positive effect on your business. We're always glad to meet the service and funding needs of our clients.
Towheed Chowdhury
Excellent service . Very much professional.
Reply from Biz2Credit
Jan 17, 2020
Hi Cory, thank you for your review and for being the best part of Biz2Credit. We're glad we could meet your business funding needs.
David Cardona
We own a small business and needed extra capital to grow our company, Biz2Credit came through with exactly what we needed. I thought the process was going to be a frustrating, but it was quick and easy; Deepak T and Gary W we excellent at communicating every step of the way, and they went above and beyond to get us approved. I highly recommend this company. -David Cardona
Reply from Biz2Credit
Jan 17, 2020
Hi David, Thank you for sharing your experience! It's great to hear that we've had such a positive effect on your business. We're always glad to meet the service and funding needs of our clients.
Chander
Gary W and Gaurav S were great in helping me. Gary really has gone the extra mile each time I have dealt with him.
Reply from Biz2Credit
Jan 17, 2020
Thank you for your review and for being the best part of Biz2Credit. We're glad we could meet your business funding needs.
Verified Customer
Cory Burns
Very easy process made it super easy!!!!!!!!!!!!!!!!!!!
Verified Customer
Anonymous
Excellent customer service good response
Reply from Biz2Credit
Jan 17, 2020
Thank you for your review and for being the best part of Biz2Credit.
Shawn
They have always come through for our business!
Reply from Biz2Credit
Jan 17, 2020
Hi Cory, Thank you for your review and for being the best part of Biz2Credit.
Jose
Gary W was my Funding Specialist. He made the process easy and quick. He answered all of my questions. I will definitely use his service again for my future funding needs.
Reply from Biz2Credit
Dec 31, 2019
Hi Jose, Thank you for such positive feedback. We're always glad to help businesses grow.
Oksana
I have been working with Tom for number of years and he goes above and beyond to help me with funding! Tom extremely efficient and knowledgeable, he has helped me grow my business. I highly recommend Tom with Biz2Credit!
Reply from Biz2Credit
Dec 31, 2019
Hi Oksana, Thank you for sharing your experience! It's great to hear that we've had such a positive affect on your business. We're always glad to meet the service and funding needs of our clients.
Arun Tandon
Gary and Deepak were extremely helpful and professional.
Reply from Biz2Credit
Dec 31, 2019
Hi Arun, Thank you for sharing your experience! We're glad we could meet the expectations of your business.
Ijaz Hussain
He was great to work with and I would like to work with him in the future as well.
Reply from Biz2Credit
Dec 31, 2019
Hi Ijaz, Thank you for such positive feedback. We're always glad to help businesses as they grow.
Verified Customer
Joseph
Very fast, professional and knowledgeable
Reply from Biz2Credit
Dec 23, 2019
Hi Joseph, thank you for your review. We know today's business owners move at lightning speeds. We're always glad to meet your funding needs ASAP.
PRADEEP RAWATE
WORKING WITH BIZ 2 CREDIT WAS A GREAT EXPERIENCE. TOM WAS VERY PROFESSIONAL & SUPPORTIVE THROUGHOUT THE PROCESS. THANK YOU FOR A GREAT DEAL!
Reply from Biz2Credit
Dec 12, 2019
Hi Pradeep, Thank you for such positive feedback. We're always glad to help businesses grow.
AT
Gary is the best! Great service and really fast responses! The whole progress is so smooth and worry free. I’ll come back for them again!!
Reply from Biz2Credit
Dec 31, 2019
AT, Thank you for sharing your experience! We're glad we could meet the expectations of your business.
aldo
I have been working with roshan and Deepak. They are the best. I got the fund on time
Reply from Biz2Credit
Dec 31, 2019
Hi Aldo, thank you for your review. We know today's business owners move at lightning speeds. We're always glad to meet your funding needs ASAP.
Jayne Rock-Gangale
I was coached through the process with ease and the staff was easily accessible for any questions
Reply from Biz2Credit
Dec 23, 2019
Hi Jayne, thank you for reviewing our service. We're glad to have met your business funding needs.
Northside Nephrology,P.C
Adam L provided excellent Customer service.
Reply from Biz2Credit
Dec 31, 2019
Hi, Thanks for sharing your experience with us! We're glad to meet your expectations for quality customer service.
Jazmin
Very good service , Roshan answer all my question clearly .
Reply from Biz2Credit
Dec 12, 2019
Hi Jazmin, thanks for providing this feedback. We're glad to meet your customer service expectations.
Jay
Working with Biz2Credit was the best choice for me and my business to get money we needed quickly. Spencer was easy to work with and very professional throughout my application process.
Reply from Biz2Credit
Dec 23, 2019
Hi Jay, thank you for your review and for being the best part of Biz2Credit. We're glad we could meet your business funding needs.
Brad Rosenfeld
I was impressed by Biz2Credit becuase they provide fair loan products and seamless transactions.
Reply from Biz2Credit
Oct 29, 2019
Thank you!
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