Biz2Credit

An Overview of Biz2Credit

Biz2Credit is a leading online platform dedicated to helping small businesses secure funding tailored to their unique needs. Established in 2007, the company has grown to become a trusted resource for business financing, offering solutions such as term loans up to $1 million and revenue-based financing of up to $6 million. Over the years, Biz2Credit has facilitated more than $8 billion in funding to support over 200,000 small businesses across the United States.

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Key Features

  • Streamlined Application Process: Applying for a loan with Biz2Credit is fast and simple, allowing businesses to focus more on their operations.
  • Generous Financing Limits: Revenue-based financing options reach up to $6 million, making it suitable for growing businesses.

Potential Considerations

While Biz2Credit offers significant benefits, business owners should be aware of some conditions tied to their loans:

  • Collateral Requirements: Term loans and revenue-based financing often require a Uniform Commercial Code (UCC) lien on business assets or receivables.
  • Personal Guarantee: One or more business owners may need to provide a personal guarantee for the loan.
  • Minimum Revenue Thresholds: Businesses must meet relatively high revenue requirements compared to some other lenders.

Types of Loans Offered

Biz2Credit specializes in a variety of financing options to cater to different business needs:

  • Term Loans: Ideal for businesses seeking a fixed repayment schedule and predictable costs.
  • Revenue-Based Financing: Flexible financing based on a company’s revenue.
  • Commercial Real Estate Loans: Tailored for real estate investments and development projects.
  • Employee Retention Tax Credit Loans: Designed to help businesses bridge gaps in their cash flow.

Is Biz2Credit Right for Your Business?

Biz2Credit loans are well-suited for:

  • Businesses generating at least $250,000 in annual revenue.
  • Companies seeking substantial funding, particularly through revenue-based options.
  • Business owners with a personal FICO score of 650 or higher.

Eligibility Criteria

To qualify for a Biz2Credit loan, applicants must meet the following minimum requirements:

  • Revenue: Your business should have an annual revenue exceeding $250,000.
  • Credit Score: A personal FICO score of at least 650 is required.
  • Time in Business: Your business must have been operating for at least 18 months.

Additional factors considered include:

  • Debt-to-income ratios.
  • Available collateral.
  • Your business plan and industry type.

Nationwide Availability

Biz2Credit is headquartered in New York City but serves businesses throughout the United States, making it accessible to a wide range of industries.

How to Apply

Applying for a Biz2Credit loan is straightforward and efficient:

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Customer Reputation

Biz2Credit enjoys strong reviews on Trustpilot, with customers praising its efficient service and professional support. However, the Better Business Bureau (BBB) has assigned Biz2Credit a "B" rating and has not accredited the company.

In 2024, the Federal Trade Commission (FTC) addressed issues involving Biz2Credit’s handling of Paycheck Protection Program (PPP) loans during the COVID-19 pandemic. The company resolved the matter by agreeing to a $33 million settlement for affected businesses.

Why Choose Biz2Credit?

With a track record of supporting small businesses and a range of funding options, Biz2Credit remains a valuable partner for entrepreneurs looking to grow their operations. Whether you need funds to expand, manage cash flow, or seize new opportunities, Biz2Credit offers the tools and resources to help your business thrive.

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