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Business Loans Line of Credit SBA Reviews Articles

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Biz2Credit In-Depth Review

In a nutshell: Biz2Credit is a New York‑based online fintech platform that connects U.S. small businesses with a variety of financing solutions, including term loans, revenue‑based financing, and commercial real estate loans. It offers streamlined applications with rapid funding decisions using its proprietary technology. Biz2Credit has facilitated over $8 billion in business funding to more than 200,000 businesses nationwide.

Biz2Credit In-Depth Review

Overview

Founded in 2007 by Rohit and Ramit Arora, Biz2Credit operates from New York (and Noida, India), serving small businesses across the United States with fintech-enabled financing tools. Leveraging advanced analytics, it delivers rapid, tailored funding experiences. Over the years, the platform has facilitated more than $8 billion in capital across over 200,000 businesses, earning the company a 4.7-star rating on Trustpilot. This scale, combined with proprietary financial tools like the BizAnalyzer®, reflects Biz2Credit’s evolving approach to data-driven business lending.

Features

Term Loans

Loan sizes: up to $1 million
Loan terms: 12 to 36 months
Requirements: 18+ months in business, credit score ~650, and annual revenue $250,000+

Revenue-Based Financing (Working Capital)

Funding: $2–$6 million, depending on business profile
Repayment: Tied to daily/weekly receipts
Eligibility: 12+ months in business, credit score ~575–650, annual revenue above $250,000

Commercial Real Estate Loans

Amounts: $250,000 to $6 million
Terms: 12 to 36 months
Requirements: Strong equity position and creditworthiness

Additional Tools

BizAnalyzer® Virtual CFO: Offers business performance tracking, financial health diagnostics, and recommendations.

Application Process

Create an account and complete pre‑qualification using a soft credit check.
Upload necessary documents like bank statements, tax filings, and IDs.
Receive a decision within 24 hours..
If approved, funds are deposited directly into the business account.
Most products do not impact the personal credit score.

Repayment Terms

Term Loans: Structured with fixed payments (weekly, biweekly, or monthly) over 12–36 months. Rates vary by credit profile.

Revenue-Based Financing: Payments are calculated as a percentage of revenue—more flexible for businesses with inconsistent income. No fixed interest rate applies.

Commercial Real Estate Loans: Typically similar to term loans, often requiring monthly fixed payments. Additional fees such as origination or underwriting may apply.

Customer Support

Biz2Credit assigns dedicated funding specialists to each applicant. Support is accessible via a web form, phone call, and email.

Bottom Line

Biz2Credit delivers a comprehensive and flexible suite of business financing products with fast, streamlined processing powered by its proprietary technology platform. While its revenue and credit thresholds may limit eligibility for very small or new businesses, its high funding limits and adaptable repayment options make it a compelling choice for established U.S. small- to medium-sized businesses.

PROS

Funding up to $6M
Decision as fast as 24hrs
4.7-star on Trustpilot

CONS

Not a direct lender
Not accredited by BBB

Top 3 Lenders

Biz2Credit

OnDeck

Lendio

Loan terms

Interest rates offered by Biz2Credit are very competitive

Application process

Known for quick and straightforward process, often allowing applicants to apply online and receive funding decisions rapidly

Eligibility requirements

Eligibility requirements are well-defined and more accessible than typical industry standards

Additional benefits

Access to financial advisors limited to initial consultations, good educational materials, moderate perks for repeat borrowers

Customer service and support

9.5

Available during standard business hours with multiple contact methods, timely responses

Frequently asked questions about merchant cash advances

What is a merchant cash advance in simple terms?

A merchant cash advance lets businesses get quick funding by selling a portion of their future sales. Instead of making regular loan payments, you receive a lump sum upfront and repay it through a percentage of your daily revenue.

How fast can I get MCA funding for my business?

Most merchant cash advance companies offer funding within 24 to 48 hours after approval, making it one of the fastest business financing options available.

Can I get an MCA loan with bad credit?

Yes. Unlike traditional loans, MCA providers focus on your business revenue, not your credit score. Many businesses with poor or limited credit qualify.

What is the typical cost of a merchant cash advance?

MCAs use a factor rate instead of a traditional interest rate. As a result, the effective APR can exceed 100%, although this depends on the provider and your sales volume.

How much can I borrow with a merchant advance?

The amount you can borrow depends on your average monthly credit card or business revenue. However, MCA lenders typically offer between 50% and 150% of your monthly sales.

Are merchant cash advance lenders regulated?

MCAs are not as regulated as traditional loans, especially since they are technically purchases of future receivables. Always review terms carefully before you settle on a funding option.

Can MCA loans hurt my cash flow?

Yes. Because payments are taken daily or weekly, businesses with inconsistent revenue may struggle to maintain cash flow if sales slow down.

What are the repayment terms for MCA funding?

Repayment is usually daily or weekly and continues until the full amount, including fees, is repaid to the lender. The term for MCAs typically lasts between 3 and 18 months.

What’s the difference between MCA loans and business lines of credit?

An MCA provides a lump sum with repayment tied to revenue, while a business line of credit offers flexible access to funds that you repay as you use them.

Is an MCA a good idea for seasonal businesses?

An MCA provides a lump sum with repayment tied to revenue, while a business line of credit offers flexible access to funds that you repay as you use them.

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