Biz2Credit Business Loans
in Business Loans from Biz2Credit IncUnaffiliated
Biz2Credit Business LoansUnaffiliated
in Business Loans from Biz2Credit Inc
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Biz2Credit Business Loans Review
Where does Biz2Credit Business Loans do business?
Biz2Credit Business Loans is a business financing offering by Biz2Credit Inc, based in New York, NY. Founded in 2007, Biz2Credit Inc offers access to business loans in 50 states (and Washington, DC).
What are Biz2Credit Business Loans’s rates?
Biz2Credit Business Loans offers a 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 loan?
Biz2Credit Business Loans considers 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 business loans does Biz2Credit Business Loans offer?
Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Biz2Credit Business Loans provides access to the following business loan types:
- Unsecured term loans
- Secured Term Loans
- Lines of Credit
- SBA Loans
- Invoice Financing
- Merchant Cash Advances
Does Biz2Credit Business Loans charge prepayment fees?Yes, Biz2Credit Business Loans 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.
How much can you borrow from Biz2Credit Business Loans?
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 are 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
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia