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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 +50%

SUPERMONEY NET RECOMMENDATION SCORE

+50%

-100% 0% +100%
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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.

Strongly recommended

21 users recommend
0 users are unsure
7 users don't recommend
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Highlights
Highlights
Community Rating Strongly recommended
Loan Amount $5,000 - $5,000,000
APR  (Fixed APR) 5.99% - 99%
Loan Term (Months) N/A
Number of Reviews 28

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 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 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
  • Commercial Real Estate

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 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.

Contact

  • Headquarters
  •   1 Penn Plaza, 45th Floor
    New York, NY 10119
  •   Visit Site

About Biz2Credit Business Loans

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

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

+50%

-100% 0% +100%
No one recommends Everyone recommends

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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