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  Biz2Credit Business Loans

Biz2Credit Business Loans

in Business Loans from Biz2Credit Inc

Unaffiliated

Biz2Credit Business Loans

Unaffiliated

in Business Loans from Biz2Credit Inc

SuperMoney Net Recommendation Score +40

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +40, equating to 3.8 on a 5 point rating scale.

+40

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Mostly recommended

21 users recommend
0 users are unsure
9 users don't recommend
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Highlights
Community Rating Mostly recommended
Loan Amount $5,000 - $5,000,000
APR  (Fixed APR) 5.99% - 99%
Loan Term (Months) N/A
Number of Reviews 30

Biz2Credit Business Loans Review

Biz2Credit Business Loans is a business financing offering by Biz2Credit Inc, based in New York, NY. Founded in 2007, Biz2Credit Inc offers access to small business loans in 50 states (and Washington, DC).

Biz2Credit Business Loans FAQ

What are Biz2Credit Business Loans’s rates?

Biz2Credit Business Loans offers a fixed APR business financing product that ranges from 5.99% APR up to 99% APR.

Does Biz2Credit Business Loans charge an origination fee?

Yes, Biz2Credit Business Loans charges a loan origination fee.

What limitations does Biz2Credit Business Loans set on the purpose of the business loan?

Biz2Credit Business Loans considers business loan applications for business purposes, such as:

  • Business Debt Refinance
  • Equipment Purchase
  • Lease Improvement
  • New Location
  • Product or Service Expansion
  • Working capital

What types of small business loans does Biz2Credit Business Loans offer?

Not all small business loans are made equal. The type of business loan you choose will determine the range of interest rates and terms you receive. Biz2Credit Business Loans provides access to the following business loan types:

  • Unsecured Term Business Loans
  • Secured Term Business Loans
  • Lines of Credit
  • SBA Loans
  • Invoice Financing
  • Merchant Cash Advances
  • Commercial Real Estate Loans

Does Biz2Credit Business Loans charge prepayment fees?

Yes, Biz2Credit Business Loans charges additional fees to borrowers who pay off their small business 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 business loan early.

How much can you borrow from Biz2Credit Business Loans?

Business loan amounts start at $5,000 and go up to $5,000,000.

What do you need to qualify for Biz2Credit Business Loans?

Biz2Credit Business Loans does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered.

Applicants with a credit score of at least 560 and up to 850 may be eligible for Biz2Credit Business Loans.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the Biz2Credit Business Loans product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Biz2Credit Business Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Proof of identity
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Biz2Credit Inc

Our mission is to provide small businesses with the best funding options for each and every project or capital need, with technology that makes business financing easy to understand and easy to access. Biz2Credit was founded in 2007 with one goal: make business finance work better. We're backed by Nexus Venture Partners and our 225,000 small business customers. Since we started, Biz2Credit has been the best place for small businesses to get funding online. We've already arranged more than $2 billion in small business funding for thousands of companies across the U.S. Our proprietary platform matches small businesses to the best sources of capital for their needs based on each company's unique profile. Completed in just a few minutes, the whole process is secure, efficient, and prices are transparent. Our network consists of 1.6 million users, credit rating agencies such as DandB and Equifax, and small business service providers including CPAs and lawyers.

Running a successful company requires capital. That's where we can help. Learn more about how Biz2Credit connects small business borrowers and lenders through its safe and efficient online platform.

Availability

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

Feature Breakdown

Credit Score Range 560 - 850
Employment Statuses Considered Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Non-Military
  • Veterans
Verification Documents Required
  • Proof of Income
  • Proof of Identity
Approval Speed 24 hours
Loan Amount $5,000 - $5,000,000
APR (Fixed APR) 5.99% - 99%

Biz2Credit Business Loans Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +40, equating to 3.8 on a 5 point rating scale.

+40

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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