Moreover, Biz2Credit is the brand for small business loans. They provide loans for start-ups and those that are looking to grow their business. With their low interest rate and flexible repayment options, they make it easier for small business owners to start or grow their business.
They are trusted by thousands of people and they offer the ability to make loan repayments online or with a debit card. Biz2Credit has an A+ rating with the Better Business Bureau and they are listed on the National Small Business Association.
Advantages and features of Biz2Credit
Offers interest-only payment: Biz2Credit is a company that helps small businesses to grow by offering them loans with low interest rates. In order to help small businesses, grow, Biz2Credit offers interest-only payment plans. Interest-only payment plans are a type of loan plan where the borrower pays only the interest on the loan instead of the principal for a certain period of time.
Quick funding: Biz2Credit has a lot to offer businesses that are looking for a quick funding solution. Business owners can use this to open up a new credit or extend the credit to grow their businesses.
High loan amount up to $6 million: Biz2Credit is a business loan for start-ups, early-stage and growing businesses. Biz2Credit offers loans up to $6 million. The loan is a good option if you want to invest in commercial real estate, buy a second home or property, or purchase a vehicle for your business.
Biz2Credit Interest Rates and Fees
Interest Rate: Since Biz2Credit is a revenue-based financing, it doesn’t have a fixed interest rate terms. Moreover, Biz2Credit interest rates are stated in simple terms according to the growth and assets of the business as of the moment.
Late payment and prepayment fees: Biz2Creditlate payment fees or prepayment fees are not disclosed on their websites. So keep in mind that before signing into anything, review all the necessary fees unless you are eligible to their APR-only payment.
Origination fees: The origination fee of Biz2Credit is also not disclosed as of the moment. It is recommended that any applicant should review the recurring fees before signing into anything.
Additional fees: Other fees of Biz2Credit includes an underwriting fee of $250 to $400 – depending on the size of the deal.
Biz2Credit may be available in all of the states of America, but there are some restrictions in North Dakota, Rhode Island, Vermont, South Dakota, and Nevada.
How to apply for Biz2Credit?
Business loans are designed for people with good credit and a substantial amount of assets or revenue to put toward the loan. However, there are certain requirements that borrowers must meet in order to qualify for these loans. And if you are eligible to apply for one, don’t miss the opportunity. Here’s how you can apply for Biz2Credit:
- Make sure that you have a business profile so Biz2Credit can easily check your reputation and other details they need to know about you and your company. You can create a business profile through the form provided by Biz2Credit.
- After that, submit all the necessary documents like your recent bank statements or tax returns.
- Next is to chat with their funding specialist so they can assess how much money you need, the reimbursement period, and other information about your business.
- The decision will be announced within the day. Assuming that you’ve been approved, you have to provide your bank details to Biz2Credit so they can give you your funds.
- Usually, it’s within 48 hours before your money is deposited into your account.
When you are looking to start a business, you may think that you need a lot of capital to get the ball rolling. However, you may be surprised to learn that you don’t have to have a ton of money to qualify for business loans. In order to qualify for business loans, you need to have a solid business plan, an attractive loan package and a good credit score. You also need to be able to pay back the loan in a timely manner, which is why you need to have steady income – especially if you are borrowing a large sum of money.
Biz2credit is a simple, easy way to get the funding you need to grow your business. It allows you to build your business credit and get the funding you need from as little as $25, 000. Biz2Credit is a one stop shop for money and is trusted by thousands of businessmen – and you should too.