Ask Biz2Credit, Inc a Question

  • Charles Groome
  • Updated April 25, 2024
Is Biz2Credit compensated by the lender?
  • Charles Groome
  • Oct 15, 2021

Biz2Credit is compensated by lenders and other funding providers upon the closing of the underlying loan or financing. The amount of this fee depends on the size and type of transaction and other factors.

  • Charles Groome
  • Updated April 25, 2024
Are there any other hidden fees?
  • Charles Groome
  • Oct 15, 2021

No. All fees will be clearly set forth in a separate written agreement signed prior to funding.

  • Charles Groome
  • Updated April 25, 2024
Are there other fees I will pay to Biz2Credit?
  • Charles Groome
  • Oct 15, 2021

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.

  • Charles Groome
  • Updated April 25, 2024
Are there application fees? Or fees for using the business tools on the site?
  • Charles Groome
  • Oct 15, 2021

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.

  • Charles Groome
  • Updated April 25, 2024
How quickly can I receive financing?
  • Charles Groome
  • Oct 15, 2021

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.

  • Charles Groome
  • Updated April 25, 2024
What interest rates do you charge? What are the payback terms?
  • Charles Groome
  • Oct 15, 2021

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.

  • Charles Groome
  • Updated April 25, 2024
What types of loans can I find on Biz2Credit?
  • Charles Groome
  • Oct 15, 2021

Biz2Credit can arrange SBA loans, traditional bank loans, business lines of credit, equipment financing, business acquisition loans, commercial real estate loans, refinancing and merchant cash advances. Additionally, there are special lending programs available through Biz2Credit for women, veterans and minorities.

  • Charles Groome
  • Updated April 25, 2024
What is Biz2Credit?
  • Charles Groome
  • Oct 15, 2021

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. We've provided over $7 billion in small business loans and financing for more than 100,000 companies, Biz2Credit is widely recognized as the number one credit resource for small businesses.

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