Biz2Credit is a lending platform based in New York, NY. It was founded in 2007 and offers access to business loans in 50 states (and Washington, DC)
Biz2Credit offers business loans with APRs ranging from 5.99% and up to 7.5%.
Yes, Biz2Credit charges a loan origination fee of 250% of the loan amount. Biz2Credit deducts the fee directly from your loan amount before depositing your money, so make sure you take this fee into account when deciding how much you need to borrow.
Some lenders only provide business loans for certain purposes. Biz2Credit offers considers loan applications for the following reasons:
Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Biz2Credit provides access to the following business loan types:
Yes, Biz2Credit charges borrowers with a late payment fee.
Yes, Biz2Credit charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.
Loan amounts start at $5,000 and go up to $1,000,000.
Applicants with a credit score of at least 560 can apply for a loan via Biz2Credit.
Biz2Credit does not require borrowers to have been in business for a minimum number of years. Active duty servicemembers and their covered dependents are eligible to apply for a loan via Biz2Credit. Its rates and terms fall within the limits of The Military Lending Act.
U.S. citizens, permanent residents, and non-residents can all apply for a Biz2Credit loan.