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  Biz2Credit Account Receivables Financing

Biz2Credit Account Receivables Financing

in Accounts Receivable Financing from Biz2Credit Inc

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Biz2Credit Account Receivables Financing

Unaffiliated

in Accounts Receivable Financing from Biz2Credit Inc

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Highlights
Loan Amount $5,000 - $5,000,000
APR  (Fixed APR) N/A
Minimum Months in Business N/A
Minimum Revenue N/A

Biz2Credit Account Receivables Financing Review

Biz2Credit Account Receivables Financing is offered by Biz2Credit Inc, a financial services company founded in 2007 and based in New York, NY. Biz2Credit Account Receivables Financing is available in 50 states (and Washington, DC).

Biz2Credit Account Receivables Financing FAQ

What APRs does Biz2Credit Account Receivables Financing offer?

The cost of accounts receivable financing is typically calculated as a percentage of the invoice value, which is charged monthly. Pricing varies widely depending on several factors, such as how long you it takes to repay the invoice advance.

Biz2Credit Inc has a factoring rate starting from 1.14%. This is a fixed APR product, and they do not disclose their equivalent APR.

How often does Biz2Credit Account Receivables Financing process payments?

Biz2Credit Account Receivables Financing receives the payment through the Merchant's monthly invoice receivables, which means Biz2Credit Account Receivables Financing collect the payment through the merchant's customer invoices.

Does Biz2Credit Account Receivables Financing charge an origination fee?

Yes, Biz2Credit Account Receivables Financing charges a origination fee.

How much cash can you get from Biz2Credit Account Receivables Financing?

Biz2Credit Account Receivables Financing advances with cash amounts start at $5,000 and go up to $5,000,000.

What type of invoice collection structure does Biz2Credit Account Receivables Financing offers?

Biz2Credit Inc collects payment for invoices directly from clients.

What types of invoices does Biz2Credit Inc accept?

Biz2Credit Account Receivables Financing accepts the following invoice type when applying for accounts receivable financing.

  • Business-to-business invoices (B2B).

What are the business financing requirements for Biz2Credit Account Receivables Financing?

To apply for Biz2Credit Account Receivables Financing, the borrower needs to provide the following business document:

  • Business license
  • Business bank account

What limitations does Biz2Credit Account Receivables Financing set on the purpose of the loan?

Biz2Credit Account Receivables Financing considers accounts receivable financing applications for business purposes, such as:

  • Business debt refinance
  • Equipment purchase
  • Lease improvement
  • New location
  • Product or service expansion
  • Working capital
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Message From Biz2Credit Account Receivables Financing

We tailor funding to match small businesses’ needs as they take on an ever-changing economic landscape. Ready when needed, our clients hit business goals with funding and terms made for moving forward.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 560 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Invoice Collection Structure Collected By Lender Directly
Invoicing Type B2B
Military Status
  • Non-Military
  • Veterans
Minimum Age 18
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • U.S. Tax Identification Number
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • New Location
  • Product or Service Expansion
  • Working Capital
  • Business Debt Refinance
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Frequency Monthly
Payment Options Automatic Payments
Factor Rate Starting at 1.14
Loan Amount $5,000 - $5,000,000

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