Launched in 2007, Biz2Credit is an alternative lending platform that offers direct financing for a wide range of small businesses. Since its opening, Biz2Credit has funded more than $3 billion in small business lending solutions. Biz2Credit's funding ranges from $2,500–$5 million.

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.

Keep reading to learn about the pros and cons of using the Biz2Credit platform or jump straight to Biz2Credit reviews from consumers. 

The Good

  • Simple Application Process
  • Quick Funding Time
  • Wide Loan Range
  • Variety of Funding Types
  • Serves Several Industries

Simple Application Process

Biz2Credit's loan application process is secure and efficient, and prices are transparent. The application typically takes less than four minutes to complete. Not worrying about a lengthy loan application makes the process to borrow money less time-consuming and less daunting.

You'll answer questions regarding your personal credit, time in business, cash flow, and annual revenue and Biz2Credit will analyze your industry and corporate risk levels. Your credit history is of utmost importance so you'll want to take care of any issues on your credit report until your score improves prior to your application. Your FICO score is comprised of inquiries, debt usage, payment history, credit age, and account mix.

The required documentation varies by loan type, but in general, you'll want to have the following documents ready when you apply for business funding:

  • Several months of bank statements from your bank account
  • Outstanding credit account statements (if hard credit report not pulled)
  • Corporate tax returns for multiple years
  • Balance sheet and/or statement of profit/loss
  • Individual tax returns

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. 

Variety of Funding Types

Biz2Credit strives to help business owners find funding that fits business goals and their financial health. Because of this, Biz2Credit has simplified the funding process with financial products flexible enough to meet the needs of today’s business owners. Financial products include term loan, working capital financing and commercial real estate financing.  

Term Loan

• Loan amounts from $25K–$250K 
• Rates from 9.99%* 
• Get approved within 24 hours

Popular reasons to seek Term Loans:

• Grow your business
• Access to full cash amount upfront 
• Use for a broad range of business needs
• Free up operational cash flow 
• Benefit from tax-deductible interest

Working Capital Financing

• Funding amounts from $6,000–$2,000,000
• Rates as low as 14.99%
• Get approved within 24 hours

Popular reasons to seek Working Capital:

• Cover one-time expenses
• Hire staff
• Buy equipment
• Pay down operational costs
• Purchase inventory

Commercial Real Estate

• Loan amounts from $250–$6,000,000
• Rates from 10% 
• Qualify within 48 hours

Popular reasons to seek Commercial Real Estate Loans:

• Reinvest in next business
• Acquisition of a new business
• Fund a renovation
• Refinance business liabilities

Serves Several Industries

Biz2Credit provides financing to businesses in a variety of different industries:

• Restaurants
• Retail
• Gas stations and liquor stores
• Attorneys and CPAs
• Motels and hotels
• Any businesses in public administration
• Doctor and dentist offices
• Commercial and residential real estate businesses
• Construction
• Car dealerships
• IT and services
• Business and professional associations
• Social and nonprofit organizations
• Financial services
• Grant making foundations
• Holding companies and management companies 
• Independent artists, writers, and performers
• New and used automobile, ATV, RV, boat, and motorcycle dealers
• And many others

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

4.8
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164 Reviews

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John Hunter

December 8th, 2019 Lawrence, KS DETAILS arrow_drop_down
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They are fast and affordable. Gary W had funds in our account the same day that we signed.

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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.

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Jason

November 6th, 2019 Phoenix, AZ DETAILS arrow_drop_down
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I have used Biz2Credit for years, and it helped drive my business growth. They provided loans in a timely manner.

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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.

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Raleigh Vaughn

September 15th, 2020 Las Vegas, NV DETAILS arrow_drop_down
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Great company. Helped us through a mountain of paperwork and they are always available to answer questions. Very good customer service.

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S J

September 14th, 2020 Houston, TX DETAILS arrow_drop_down
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During the pandemic they made the process very easy to go through. It was already a very stressful time and Vaishali took the time to assist to make the process easier. Thank you so much!!! Now for part 2 in order to get the loan forgiveness process completed Ashish has already contacted me personally and will be assisting me through this process as well. Look forward to getting this completed. Thank you for all the assistance.

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Brenda Reyes

September 14th, 2020 West Lafayette, IN

Telling me exactly what I need to submit and being patient with me.

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Dana White

September 14th, 2020 Lincoln, CA

Bizz2Credit was very helpful with the loan process and would recommend them with any of your business needs. Easy to work with as well.

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james s chang

September 10th, 2020 Houston, TX

Biz2Credit helped my business a lot through PPP funding. The company's system is working based on high tech system, but also provides very family like services. Thanks to Biz2Credit again!

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Mindy

September 10th, 2020 Englishtown, NJ

Great fast correspondence whenever I had a question .

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La Silla Investments, Inc

September 9th, 2020 Reedley, CA DETAILS arrow_drop_down
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Excellent Company, staff is very helpful with all the process and easy to work with them, I highly recommend them to everyone looking for credit.

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CCI Connect Inc.

September 9th, 2020 San Diego, CA

Ashish was the best! He was always responsive and took care of everything. Was able to keep employees on payroll! Thanks Biz2Credit!

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James Derry

September 2nd, 2020 Weehawken, NJ

Very easy company to deal with. People were professional and promptly responded. Really appreciated Amit's assistance.

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alex quirindongo

September 2nd, 2020 Newark, NJ

Outstanding customer. Very helpful and informative.

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Avantica Gondi

September 2nd, 2020 Lakeland, FL

Excellent customer service. Prompt response .

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Michelle Danner

September 2nd, 2020 Los Angeles, CA

very efficient and professional company!!!!!

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Ayman

September 1st, 2020 Brooklyn, NY

Ashish is the best , who will call you to tell you the good news about ppp loan forgiveness , just got a call from Ashish to tell me that they will work on my application forgiveness, it’s only happiness with Biz2credit , your guys are the best that I had ever deal with , thanks to whole team .

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Vee

August 31st, 2020 West Monroe, LA

The PPP loan process was simple and straightforward, particularly for someone in my category. That is, independent contractor/gig worker. The Biz2Credit system is set up in a way to help "micro" business owners. Staff was very communicative,not relying on just one mode of outreach. I am pleased with the experience.

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Carlos Serafin

August 31st, 2020 Inglewood, CA

They were very easy to work with and they responded to our needs so fast, I am so happy with there service that I recommended it to other Friends. Thanks Again

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Klara Horton

August 31st, 2020 Las Vegas, NV

great communication and staff very helpful and responsive.

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Cesar Jimenez

August 28th, 2020 Placerville, CA

Answered all my questions and Ashish K was very helpful and made this process an easy process. Thanks a lot

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William Clemente

August 27th, 2020 Orlando, FL

Ashish was a big help during this process.

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Jim G

August 27th, 2020 New Milford, NJ

To be frank, they came through when at least 8 name brand companies declined me. They were persistent in getting the loan done. I highly recommend them.

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Vanessa Giordano

August 26th, 2020 North Hollywood, CA DETAILS arrow_drop_down
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David and Tommy helped me with my PPP loan tremendously. Great customer service and they actually call back and email back efficiently when a lot of other companies doing PPP don’t respond! So happy with the service they provided and will be recommending them and using them again myself in the future! Thank you biz2credit for helping save my business in this crazy time!

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Stephanie C

August 26th, 2020 Winter Springs, FL DETAILS arrow_drop_down
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Biz2Credit did exactly what they said they would do to help me get approved for PPP loan. The loan app was seamless and easy; however after the app the actual loan underwriting was a bit confusing and tedious as the same information was being requested over and over HOWEVER my loan specialist Mathew and Tommy was AMAZING! He communicated with me every time I had a question, or if something didn't seem right - he took the time to explain it to me. In the end I was completely funded with my PPP loan. Thank you Mathew and Tommy!

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Kapril Walker

August 26th, 2020 , GA DETAILS arrow_drop_down
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Biz2credit!! Try them out, they don’t give you all the hassle of these other companies! Quick and easy, if you have any troubleshooting they give you a call ! Highly recommended Thanks Biz2credit

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GLORIA MARULANDA

August 26th, 2020 Naples, FL

David M was very professional and he was patience with us when explaining the SBA process and the required documentation which we needed to provided. David communicated with us at every step and provided timely updates. His professionalism is outstanding!

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Steve

August 26th, 2020 Bellevue, WA

Very much enjoyed working with Biz2Credit. They guided me through a complex process. Whenever problems arose, they handled them quickly and professionally. Definitely recommend!

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sharael bowman

August 25th, 2020 Dayton, OH

EAZE AS 1 2 3 THANK U SO MUCH My 1 And Only Cleaning LLC

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Kevin Watts

August 24th, 2020 Auburn, CA

10 Star. No B.S. Very easy and they are very good with communicating their needs. Kind of amazing how quick & easy it was! Thank you so much Tenzin G & Biz2Credit!! Kevin

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Justin T. Wilson

August 24th, 2020 ,

It was a pleasure working with Biz2Credit, from the day after I applied & was assigned to Senior Loan Officer, Joseph S, thru the day I got Funded! Joe and Biz2Credit were instrumental in my Funding being Approved.

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Michael Bates

August 23rd, 2020 Grove City, OH

Tenzin did a great job of keeping me up to date on the status of my loan. The process was very easy and quick!

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Paul White

August 22nd, 2020 Ottawa, ON

Excellent Customer Service with Representatives ready to help the customers and guide them properly so that they prepare and submit the required documents to meet the requirements in a timely manner. Please keep up the good work.

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Jeff Crowson

August 22nd, 2020 Carrollton, TX

It took less than two hours to be approved but, it took two more weeks to receive funds. My biggest criticism is the inability to talk to someone on the phone easily. I realize that Pandemic funding isn't your regular fare but, I couldn't help imagining complete chaos at your office with everyone trying to process so many loans. It stands to reason that with a time limit on monies available, applicants feel the need to know at which exact step they are at in the process. Daily updates with documents still needed, etc would be a big help. Also, some immediate feedback to any questions about those needed documents was lacking. Long story short- I got the loan but, I was worried the whole time.

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Kevin Adams

August 22nd, 2020 Silver Spring, MD

The company was very organized and very efficient in sequencing the information they wanted from us making it more manageable for us to provide what's needed. They also helped us determine the amount of the loan we needed which was processed in neatly fashion. Overall, they were very easy to work with and they allowed us the confidence we needed from the positive experience they extended to us in very attentive manners. The company made us feel at ease and comfortable and helped us do what needs to be done even for the first time.

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ahmed ajdahim

August 22nd, 2020 Astoria, NY

Very helpful customer service one of the best

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Michelle Murlin

August 22nd, 2020 Las Vegas, NV

They were great for me! Responded very quickly. I was originally rejected for a PPP Loan but then they managed to find a way to get it for me. I am very grateful!

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snj Patrick

August 21st, 2020 Fairfax, VA

The process was crazy, they told me I was able to correct an error that was made by CPA.. I got the information in the time line given and they still didn't update the system... It was hard to get an answer from them.. I do understand that they were busy but I wish they kept their word and corrected the error... Turn around time was great though

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Sheila Fields-Phillips

August 20th, 2020 , GA DETAILS arrow_drop_down
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Absolutely awesome! Do not believe any negative comments! I applied August 8th the deadline; when everyone else had stop taking apps Biz2credit were not only accepting but processing applications...Funded August 13th! Very interactive and professional. They are a Approved lender for SBA/PPP loans; My business can stay afloat; Much Gratitude Biz2Credit!

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Greg Unruh

August 19th, 2020 Lynnwood, WA

They were very quick with my PPP Loan . I had the money in 1 week from applying.

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BRENDA WU

August 19th, 2020 Morris Plains, NJ

my application was rejected by many banks and you help to go through the application and got PPP loan. Karmal is very professional and we are very happy. Thanks so much!

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David Coon

August 19th, 2020 Charlotte, NC

Great service. Really hustled for me and were very transparent. The big banks should take a note on how to treat a business and customer. Blessed to have used Biz2.

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Rita White

August 18th, 2020 Ottawa, ON

Communication with the Customers and guide them in the best possible way.

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Motomike

August 18th, 2020 Tucson, AZ

Awesome. Easy. Couldnt have went smoother.

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seyi idris

August 18th, 2020 Pittsburgh, PA DETAILS arrow_drop_down
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From the beginning of the application to all the paperwork, it was timely and perfect! Biz2credit is the best! I proud of you guys!

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Randall L Walker

August 17th, 2020 San Antonio, TX

very thorough, please keep my personal info secure

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Jafar Mohammadi

August 17th, 2020 Los Angeles, CA

I think your company is the most unorganized company I have ever dealt with. The left-hand does not know what the right hand is doing. I had to resubmit the same document over and over again. The person who was working on my file did not even look at the emails and kept asking for the same documents. We had two companies and filed for both. For one mysterious reason, only one company was processed and I did not get a reasonable answer to why the other company was lost. It took you guys 3 months to process a simple PPP application And I am still waiting for the second company to be processed even though I have already signed the loan documents.

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Brenda Girven

August 17th, 2020 Atlanta, GA

My experience with Biz to credit was amazing. Their professionalism exceeds all others and the process was done in an amazing time manner. I will always do business with them and refer others.

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Thomas

August 17th, 2020 Alpharetta, GA DETAILS arrow_drop_down
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Communication for my PPP loan was very difficult. All published phone and cell phones #'s either non-working or voice mail that does not get returned. Schedule a call form receives a response that parties are too busy and schedule call will be cancelled. At the very last minute on my file mistakes were made and I was told it was too late to correct before deadline, costing me several thousands in loan amount.

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Veeravat jamavan

August 17th, 2020 The Bronx, NY DETAILS arrow_drop_down
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Simple, straight forward with great results

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wenbin pei

August 17th, 2020 Keasbey, NJ

very professional and work super fast. Response on time

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Britt S.

August 17th, 2020 Los Angeles, CA DETAILS arrow_drop_down
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Very streamlined process. Application to funding was less than 2weeks! Very responsive customer service!