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Out of Business

Bizfi

in Business Loans

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Out of Business

Bizfi

in Business Loans

SuperMoney Net Recommendation Score -100% 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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Overview

Where does Bizfi do business?

Bizfi is a financial services corporation based in New York, NY. It was founded in 2005 and offers access to business loans in 49 states (and Washington, DC).

What are Bizfi’s rates?

Bizfi offers business loans with fixed APRs starting from % .

Does Bizfi charge an origination fee?

Yes, Bizfi charges a loan origination fee.

What limitations does Bizfi set on the purpose of the loan?

Bizfi considers loan applications for business purposes, such as:

What types of business loans does Bizfi offer?

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

  • Lines of Credit
  • SBA Loans
  • Invoice Financing

Does Bizfi charge prepayment fees?

Yes, Bizfi 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 Bizfi?

Loan amounts start at $3,000 and go up to $500,000.

What is the maximum loan term you can get with Bizfi?

Bizfi offers business loans with a maximum term of 120 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for a loan with Bizfi?

Applicants with a credit score of at least 300 can apply for a loan via Bizfi. Bizfi requires companies to be in business for at least 3 months. Businesses must have a minimum annual revenue of $10,000.

Only U.S. citizens and permanent residents can apply for a loan Bizfi only considers borrowers who are employed or self-employed.

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...

Contact

  • Headquarters
  •   460 Park Avenue South, 10th Floor
    New York, NY 10016 USA
  •   Visit Site

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. 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
  Available in 49 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • 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 300 - 850
850 300
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Months in Business 3
Minimum Revenue $10,000
Loan Amount $3K - $500K
Loan Term (Months) Up to 120

Reviews

 
 

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