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  Biz2Credit Commercial Real Estate Loans

Biz2Credit Commercial Real Estate Loans

in Commercial Mortgage from Biz2Credit Inc

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Biz2Credit Commercial Real Estate Loans

Unaffiliated

in Commercial Mortgage from Biz2Credit Inc

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Highlights
Minimum Months in Business 12
Loan Amount $5,000 - $5,000,000
Loan Term (Years) 10 - 25 years
Minimum Revenue $120,000

Biz2Credit Commercial Real Estate Loans Review

Biz2Credit Commercial Real Estate Loans is offered by Biz2Credit Inc, a financial services company founded in 2007 and based in New York, NY. Biz2Credit Commercial Real Estate Loans is available in 50 states (and Washington, DC).

Biz2Credit Commercial Real Estate Loans FAQ

How much can you borrow via Biz2Credit Inc?

Biz2Credit Inc allows borrowers to apply for commercial mortgages with loan amounts of up to $5,000,000.

What is the maximum loan term you can get with Biz2Credit Inc?

Biz2Credit Inc offers commercial mortgages with terms ranging from 10 to 25 years. 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 range of rates does Biz2Credit Inc offer?

Biz2Credit Inc offers commercial mortgages with APRs starting at 5% and up to 8.75%.

What type of guarantors does Biz2Credit Inc require?

  • Business

What is the estimated funding time for a commercial mortgage via Biz2Credit Inc?

Biz2Credit Inc will typically approve (or deny) a mortgage application within 24 hours and fund mortgages within 60 and 90 days of approval.

Does Biz2Credit Inc charge a mortgage origination fee?

Yes, Biz2Credit Inc may charge a loan origination fee of 5% to 8% of the loan amount.

What limitations does Biz2Credit Inc set on the purpose of the loan?

Biz2Credit Inc considers loan applications for business purposes, such as:

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

What are the business financing requirements for Biz2Credit Inc?

To apply for Biz2Credit Commercial Real Estate Loans, the applicant needs to provide the following business document:

  • Business License
  • Business Bank Account
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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

Origination Fee (%) 5% - 8%
Applicant's Minimum Percentage of Business Ownership 51%
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 680 - 850
Guarantor(s) Business
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Maximum LTV 90%
Military Status
  • Non-Military
  • Veterans
Minimum Age 18
Minimum Debt Service Coverage Ratio 1
Minimum Down Payment Starting at 10%
Minimum Months in Business 12
Minimum Revenue $120,000
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • U.S. Tax Identification Number
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement
  • Secured
  • Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • New Location
  • Product or Service Expansion
  • Working Capital
  • Business Debt Refinance
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 60 - 90 days
Payment Frequency Monthly
Payment Options
  • Automatic Payments
  • Credit/Debit Card
  • Bank Transfer
APR (Fixed APR) 5% - 8.75%
Loan Amount $5,000 - $5,000,000
Loan Term 10 - 25 years

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