To help SMEs operate during the COVID19 pandemic with loans from $5k – $350k, we have done the legwork.
We looked online for the number of customer reviews left from real genuine customers, the aggregate score of the particular lender and looked at factors like transparency, customer service, application process & timeliness.
Why we love Biz2Credit: Simply put they had the highest levels of transparency, customer service with great marks for their application process and timeliness.
Biz2Credit are assisting SMEs with a good credit score with fast funding to protect against decreasing revenues, cash flow issues & supplier payments.
$5000 – $350,000 within 24 hours
- A lump sum between $5,000 and $300,000 over a term of 3 to 36 months
- Apply in 10 minutes with minimal paperwork required (business financials required for over $150,000)
- Fast decision with funding possible in 24 hours
- No asset security required upfront to access up to $100,000
Early repayment discounts available
- Set repayments (daily or weekly) to work with your business cash flow
- Early repayment discounts available
- Check balance wherever and whenever on the Customer Portal
Great customer support
- A team of Business Lending Specialists available however suits you – phone, email, chat
- Business resource hub to help you stay informed
- Competitive rates tailored to the health of your business
- Transparent fees
Kabbage, Inc. is an online financial technology company based in Atlanta, Georgia.[citation needed] The company provides funding directly to small businesses and consumers through an automated lending platform. They have helped serve over 200k businesses. Through their product, Kabbage Funding, customers can access lines of credit up to $250K. The company automates funding decisions based on a number of data factors, including business volume, time in business & transaction volume.
BlueVine, they’re one of the leaders in providing access to online working capital for small businesses, recently they announced the launch of BlueVine Business Banking, a new banking service built specifically for small businesses. BlueVine Business Banking simplifies and enhances the banking experience for today’s small businesses by providing a smart, easy-to-use dashboard and BlueVine Business Debit Mastercard to manage everyday finances along with 1.00% interest on their balance and zero monthly fees. No bad.
OnDeck launched in 2007 to solve a major issue facing small businesses: efficient access to capital. Their passion for Main Street and the cutting-edge technology they use to evaluate businesses based on their actual performance, not solely business owners’ personal credit scores, make it possible for them to responsibly expand access to credit. This allows businesses to spend their time where it provides the most benefit—on their customers and on growing, not looking for a small business loan.
They understand that financing a small business can be a challenge that requires more time than most small business owners have in a day. Business operations, accounts receivable, accounting, and marketing are all an important part of running a small business—and financing shouldn’t slow down your focus on these issues; it should instead help a business grow. OnDeck offers financing options like short and longer-term loans and lines of credit, in order to grow your business.
LendingTree is one of America’s largest online lending marketplace. It connects borrowers with multiple lenders so they can find the best deals on loans, credit cards, deposit accounts, insurance and more. LendingTree allows borrowers to shop and compare competitive rates and terms across an array of financial products. Founded in 1996 and launched nationally two years later, the company is headquartered in Charlotte, North Carolina with offices in the San Francisco Bay Area, New York City, Chicago, Seattle and others.
LendingTree also provides financing tools, comparative loan searches and borrowing information.
A Biz2Credit Small Business Loan is a lump sum of between $5,000 and $350,000 with fixed repayments that work with business cash flow. The application process is easy and funding is possible in 24 hours.
- A lump sum between $5,000 and $350,000 over a term of 3 to 24 months
- Apply in 10 minutes with minimal paperwork required (business financials required for over $150,000)
- Fast decision with funding possible in 24 hours
- No asset security required upfront to access up to $100,000
- Set repayments (daily or weekly) to work with your business cash flow
- Early repayment discounts available
- Check balance wherever and whenever on the Biz2Credit Customer Portal
- A team of Business Lending Specialists available however suits you – phone, email, chat
- Business resource hub to help you stay informed
- Competitive rates tailored to the health of your business
- Transparent fees
Eligibility requirements for the 7(a) loan program are based on several key characteristics of the business and its owners. According to the SBA, eligibility is based on how the company earns its revenue, the background of its owners and where it operates.
SBA does not specifically list companies eligible to receive 7(a) loans. However, they do provide a list of industries that are ineligible for these types of loans. See SBA ineligible companies). However, there are some basic requirements to be eligible for assistance. Businesses must:
- Operate for profit
- Be small, as defined by the SBA
- Be engaged in, or propose to do business in, the United States or its possessions
- Have reasonable invested equity
- Use alternative financial resources, including personal assets, before seeking financial assistance
- Be able to demonstrate a need for the loan proceeds
- Use the funds for a sound business purpose
- Not be delinquent on any existing debt obligations to the U.S. government
Financing for long and short term assets used in normal business operations. Acquisitions and refinances are eligible, and may include real estate and business goodwill. Working lines of credit up to $100,000 are also eligible.
- To purchase equipment, machinery, furniture, fixtures, supplies or materials
- To purchase real estate, including land and buildings
- To construct a new building or renovate an existing building
- To establish a new business or assist in the acquisition, operation or expansion of an existing business
- To refinance existing business debt, under certain conditions
- To refinance existing debt where the funder is in a position to sustain a loss and SBA would take over that loss through refinancing
- To affect a partial change of business ownership or a change that will not benefit the business
- To permit the reimbursement of funds owed to any owner, including any equity injection or injection of capital to continue the business until the SBA-backed loan is disbursed
- To repay delinquent state or federal withholding taxes or other funds that should be held in trust or escrow
- For a purpose that is not considered to be a sound business purpose as determined by the SBA
- If you are unsure whether or not your anticipated use of funds is allowed, check with your SBA-approved funder
- Pay staff or landlord
- Purchase equipment or tools
- Pay tax or tax lump sums
- A renovation or fit out
- Upgrade equipment or machinery
- Marketing campaigns or promotions
- Build a website
- Buy office or café furniture
Biz2Credit offer a range of finance solutions that provide fast access to funds and repayments tailored to your business cash flow. Their Small Business Lending Specialists will get to know your business and help you find the right finance solution for your needs to put you in control of your business now and in the future.
They offer a Business Line of Credit Small Business Loans from $5,000 to $350,000 with no asset security required upfront to access up to $100,000. Whatever your business goals, they offer a range of finance solutions to help you achieve them – with a competitive interest rate.
Join the thousands of small businesses that have received business funds from Biz2Credit. Simply submit your application online or call them. One of their friendly lending specialists will work with you to customise a proposal and answer your questions.
Once your application is approved, funding is possible in 24 hours. There is no cost to apply, no obligation to proceed and no hidden fees.
Whether it’s a business overdraft, equipment finance or cash flow support, Biz2Credit are passionate about helping small business owners access the money they need to maintain the momentum. Their founders were small business owners themselves and know the challenges of running a small business.
There is no cost to apply for their business loans or line of credit, so why not find out whether you qualify now? Call 800-200-5678 or get started on your application today.
Founded in 2007, Biz2Credit is an online small business lending platform connecting business owners with a range of lenders that offer a wide range of funding options. Biz2Credit connects borrowers with credit solutions based on online profiles that can be completed in less than four minutes in a safe, efficient, price-transparent environment. Having arranged over $2 billion in funding for more than 100,000 companies, Biz2Credit is widely recognized as the number one credit resource for small businesses.
With the appropriate information and documentation available it is possible to secure funding in as little as 24 hours. We take your privacy very seriously. All your information is managed securely, for more information see our privacy statement.
The total amount you can borrow will depend on the specific circumstances of your business. They consider a variety of factors to determine the health of your business and based on this information.
Yes. Biz2Credit’s platform includes non-bank and bank financing products. For most non-bank financing products, you will pay an underwriting fee (typically $250-$400 depending on deal size), payable at the closing of the transaction. For most bank financing products, you will pay a closing fee to Biz2Credit when the transaction closes. The amount of the origination or closing fee will depend on the size and type of transaction and other factors. For certain commercial real estate loans, you will pay an origination fee at loan closing.
Interest rates and terms depend in large part on credit history and how quickly a borrower needs money. SBA loans and traditional bank loans generally offer the best interest rates and the longest amount of time for repayment. However, for borrowers who need money quickly, funding from non-bank lenders is available. These deals close more quickly, but the interest rates are generally higher. The type of funding often depends on a company’s financial history. For a snapshot of your own company’s finances try using Biz2Credit’s BizAnalyzer tool. It provides a free financial checkup and can inform what type of financial product you can qualify for.
No, there are never any application or submission fees, or fees for using any business tools on the site. You only pay a fee if your financing transaction closes.
Unlike traditional lenders, Biz2Credit understands small business owners need faster finance solutions – so you can make decisions quickly and seize opportunities with total confidence.
Fernando Camacho
He is a crazy shopper, loves drinking in pubs and clubs, shopping trendy outlets online, grocery shopping to his door and catching Uber. Also dabbles in setting up online stores through eBay, Amazon marketplaces and has a marketing and commerce background.