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
- Variety of Funding Types
- Serves Several Industries
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.
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.
Why Can I Trust Bestcompany.com arrow_drop_down
User Reviews
Star Rating
41 Reviews
Review Breakdown
Sentiment Criteria
Rushabh Panchal
Gary W is very friendly and helpful, i did not have to wait after i applied for a small business loan. Gary contacted me right after i applied for the loan and he had me approved in a minutes and wired money within 24 hours. i definitely recommend Biz2credit and Gary W.
Joseph Mazzotti
Mazzottis on the Plaza in Arcata california has had the pleasure to work multiple times with Adam L our funding specialist and friend. We have gotten to know each other over a few years now and he is amazingly talented at what he does. We use Biz2Credit basically twice a year, mostly just to have a little cushion in the slow time and when we decide to update, improve or modernize our facilities. Biz2 is hands down the best company to use in this regard. Their terms are excellent, the payback amounts are best in the industry and the speed in which they get it done is second to none. We had used other cash advance companies in the past, but we felt like we were selling our souls to the devil with the payback terms. Biz2 is half what anyone else is offering, their percentage capture rates are perfect and if you choose a fixed payment, that works too. Having done 6 loans with them as of now, I only dial Adam L's number when I need funds.... give them a shot and tell them Joe Mazzotti sent you and see for yourself!
SIKANDER RANDHAWA
Best Place To Get Your Funding. Very Professional People And They Have Tailor Made Solution To Your Financial Needs. Especially Deepak and Roshan, Both Were Very helpful. Got Funding in 72 Hours. Happy Now!!!!!!
Usource
I have been offered a number of cash advances from different lenders to assist my business. Since our first advance with Biz2Credit I have not found any other lender that has been more transparent, trustworthy and responsive to our needs. I am so happy to have found such a reputable company and that's valuable to a small company like ours. Thanks Biz2Credit! Usource
Prince Ghotra
Garry W nice person Bring good deals
Trudy A. Grimaldi
Roshan has been very responsive and fast to get me funding asap. He was a huge help in my companies funding needs.
Small business owner
Biz2Credit is a great source for funding for small businesses. Our loan analyst Adam was exceptional. We put in a request and received our funds within 48 hours. We love the business model and will recommend to other businesses. Keep up the good work and recognize your great staff!!
shonna bland
A big thank you to Ron and Alex !!! They are always on the ball!!!
Oksana
It was a pleasure working with Alex! We was very informative on loan options, easily available with any application process questions and did a great job in expediting my loan request. I highly recommend Alex!!!
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.
Osnat Gad
I recommend Biz2credit highly. I have worked with them for almost two years and they were always helpful and courteous. They are professional and tare flexible.
Sunny
Had a great experience. Gary W was a great help
Richard Buckley
I like the quick response I get from Tom M. I don't like the fact that I have to supply so many account statements and reports each time I request funds. Often times they are asking for the same docs that I have sent numerous times. I feel they already have copies of. I had to verify my bank account, though they are already drawing from it weekly. When I have tried to get a balance in the past, I had a hard time getting a response. Felt like I was being ignored. As you know, I have always had the money in my account to make my payments.
Katherine
Tom M was quick to help me get the funds I needed, answered my questions and was very helpful.
Rajiv
Very friendly and professional help by Tom in executing the loan process. Nicely assisted by Mathew. Rajiv
Machine Shop
Fast service, and easy to discuss options available to decide best type of financing needs. Great service and easy paperwork requirements.
Mario Bittencourt
Great service. Easy to apply for loan. Great rates & terms. Biz2Credit is very loyal to their customers! Excellent customer service too! We have been highly satisfied customers of Biz2Credit since 2015!
Jakol43
Excellent service friendly and I got my funds fast
Pawan kumar
We've worked with Biz2credit over 2yrs now and they are by far the best lenders, great partners. Biz2credit is very professional, very great work ethical. I personally would recommend Biz2credit to any business looking to expand their business, I assure you, you wont be disappointed in their work! Great offers are always given in a timely matter and their funding is as quick as same day of receiving the file in .
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.
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.
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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.
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.
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.
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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