Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Biz2Credit small business loans review

Get connected banks and online lenders — with options for high-risk businesses.

finder.com’s rating: 3.7 / 5.0

★★★★★

Bottom line: Biz2Credit makes it easy you compare bank and nonbank financing offers, even if you’re in a high-risk industry. But it’s one of the few connection services that charges a fee at closing.

No reviews yet. Write a review

Details

Max. Amount$250,000
Loan TermUp to 36 months
Min. Credit Score670
APR8.99% to 36%
RequirementsVaries by lender; typically 2+ years in business; profitable; good personal credit history
Go to site

Pros

  • Works with high-risk industries
  • Works with bank and nonbank lenders
  • Multiple funding options available

Cons

  • Underwriting fee of $250 to $400
  • Website isn’t transparent about rates
  • 72-hour turnaround slower than direct online lenders

Biz2Credit accepting PPP applications at a limited capacity

Biz2Credit is still accepting applications for the Paycheck Protection Program (PPP) and will until the programs closes on May 31, 2021. But its partner SBA lender is prioritizing applications that have already been submitted. It also warns business owners that it typically takes between 12 and 14 days to process the application.

If you'd prefer to work with Biz2Credit, you can get started by clicking the Go to site button on this page. Or, consider another PPP lender.

Biz2Credit rates, fees and terms

Biz2Credit's partners offer term loans with rates from 8.99% to 36% APR. While there's no fee for using the service, most of its nonbank providers charge a fee of around $250 to $400 at closing. If you get connected with a bank, Biz2Credit charges an origination or closing fee based on the size of the loan.

You can borrow up to $250,000 with terms as long as 36 months. Use our calculator to see how much a term loan from this provider might cost.

Business loan calculator

See how much you'll pay

Your loan
Loan amount
$
Loan terms (in years)
Interest rate
$%

Fill out the form and click on “Calculate” to see your
estimated monthly payment.

or

Compare business loans now

Based on your loan terms…

You can expect to pay back
$
per month

This breaks down to…

$
in
principaland
$
in
interest
charged, with a total cost of $Compare business loans now

Biz2Credit merchant cash advances

In addition to term loans, you can find an advance on up to $250,000 of your business's future sales through Biz2Credit's partners. Instead of interest, they charge a flat fee that's wrapped into the balance of the loan. Typically you'll repay between 1.14 to 1.45 the amount you borrowed with a percentage of your daily receipts.

How Biz2Credit compares to other providers

Here's a snapshot of how this connection service compares to other business loans available online.

★★★★★


Finder Rating: 3.75 / 5

Check eligibility

Loan amount

Up to $250,000

APR

8.99% to 36%

Loan term

Up to 36 months

Requirements

Varies by lender; typically 2+ years in business; profitable; good personal credit history

★★★★★


Finder Rating: 3.74 / 5

Find out more

Loan amount

$5,000 to $1,000,000

APR

Fee based

Loan term

3 to 60 months

Requirements

Steady flow of credit card sales, bad credit OK

Biz2Credit reviews and complaints

BBB accredited No
BBB rating NR
BBB customer reviews 4.36 out of 5 stars, based on 119 customer reviews
BBB customer complaints 78 customer complaints
Trustpilot Score 4.3 out of 5 stars, based on 2,898 customer reviews
Customer reviews verified as of 22 February 2021

Biz2Credit gets many positive customer reviews. Customers are mostly pleased with the quality of service at Biz2Credit. Many are also happy with how fast and easy the process was, calling it “smooth” and “efficient.”

However, a handful complain of hidden costs and were turned off by some of its marketing tactics. And several reviewers also complain about the service around the Paycheck Protection Program.

How to qualify

Requirements vary depending on the lender, but you’re more likely to have more options if you meet the following criteria:

  • At least two years in business
  • Profitable
  • Good credit score of at least 670

Biz2Credit offers products to borrowers with bad credit or in the startup phase. But you’re likely to land with rates on the higher end, and might not qualify for the largest loan amounts.

How it works

You can sign up for Biz2Credit's by filling out quick form on its website. After you've submitted the form, you can view your potential offers by logging in and visiting your dashboard. If any stand out to you, Biz2Credit will give you directions on how to complete the application.

It can take anywhere between 24 hours and two weeks to get your funds, depending on your loan type and lender. Most unsecured term loans come with monthly repayments, though some lenders might require weekly or even daily repayments.

Check in on your account regularly. If you have any questions or concerns, reach out to your lender's customer service team as soon as possible.

What sets it apart?

Biz2Credit is one of the few providers that works with businesses in industries that can struggle to qualify for financing — like insurance. Its network of bank and nonbank providers also means you can find financing with a fast turnaround or at a low cost. But it's one of the few connection services that charges a closing fee if you decide to go through with the loan.

Like most connection services, it's also not transparent about the rates its partners offer before you have to hand over personal information. If this is something you'd like to avoid, consider applying with a direct lender instead.

Is Biz2Credit legit?

Biz2Credit is not a lender, but it is a legitimate connection service. In fact, it’s more transparent about the range of costs that a business may face with one of its partners’ products than many other connection services — and even lenders.

It also takes steps to protect your information. Its website is verified by Entrust and encrypts and secures data to keep your information private. But by using a connection service, you’re agreeing to let Biz2Credit share your information with its partners — which you won’t be able to verify ahead of time.

See how Biz2Credit compares to other services with similar offers. Or, read about other options with our business loans guide.

Frequently asked questions

Answers to common questions about Biz2Credit's connection service.

When will I receive my funds?

You can get funded as soon as 72 hours after submitting an application. But it depends on your lender — banks tend to be slower than nonbank lenders.

Are there any restrictions on how I can use my funds?

Generally, no. You can typically use your business loan funds for any legitimate purpose, as long as it’s business-related.

See other top business loan options

Compare more online business loan providers to see how Biz2Credit stacks up to the competition.

Name Product Filter Values Loan amount APR Requirements

Fora Financial business loans
Finder Rating: 4.1 / 5: ★★★★★

Fora Financial business loans
$5,000 – $500,000
Varies
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.

Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★

Lendio business loans
$500 – $5,000,000
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.

OnDeck short-term loans
Finder Rating: 4.6 / 5: ★★★★★

OnDeck short-term loans
$5,000 – $250,000
As low as 35%
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.

National Funding business loans
Finder Rating: 4.75 / 5: ★★★★★

National Funding business loans
$5,000 – $500,000
4% to 8%
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.

Fundbox lines of credit
Finder Rating: 4.2 / 5: ★★★★★

Fundbox lines of credit
$1,000 – $150,000
Not stated
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.
loading

Compare up to 4 providers

Business loan ratings

★★★★★ Excellent
★★★★★ Good
★★★★★ Average
★★★★★ Subpar
★★★★★ Poor

We rate business loan providers on a scale of 1 to 5 stars based on factors like transparency, costs and customer experience. We don’t take into account elements like eligibility criteria, state availability or payment frequency — we save that for our reviews.

Read the full methodology of how we rate business loan providers to get a better picture of what goes into each star rating.

Review by


Rhys Subitch is the loans editor at Finder, guiding Americans toward smart borrowing decisions. With over half a decade of experience researching, editing and writing for a Fortune 500 company, university and several independent publications, Rhys brings readers the most up-to-date and curated info in the lending sphere. They make frequent appearances on Finder's YouTube channel to talk through loan topics that range from the very basics to the latest government assistance programs. Before specializing in lending, Rhys was a personal finance writer for Finder’s credit cards, insurance, banking and mortgage verticals. They hold a BA in sociology and a certificate in editing from the University of Washington, Seattle.

Expert review

Biz2Credit is an online connection connection service that can help your business find a loan from an online lender or bank. Your business can borrow up to $250,000 with rates as low as 8.99% — or up to $6 million on commercial real estate loans.

It’s also one of the few places you can find funding if you want to buy another company or are in a high-risk industry, like insurance. But you’ll pay an underwriting fee of at least $250 at closing.

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.

4 Comments

    Default Gravatar
    mikemike
    July 12, 2019

    Overdraft privilege was provided by bank, and therefore monthly bank statement are negative on most of the days, with a owner credit score of 710 with credit usage of 73%. Will that business still able to get funding? (I know every situation varies, in past most of the lender decline to funding).

      Avatarfinder Customer Care
      nikkiangco
      July 13, 2019

      Hi Mikemike,

      Thanks for leaving a question on our page.

      Aside from credit score, banks and lenders have different eligibility requirements that you will need to meet when assessing your small business loan application including the the age of your business and your business revenue.

      To improve your chance of success in getting approved for a business loan, you need to be prepared and bring along necessary documentation like your business plan, financial reports/forecasts as well as your personal financial information. Remember to also review the Product Disclosure Statements/Terms and Conditions of the loan before making a decision on whether it is right for you.

      Hope this helps! For any further questions, feel free to reach out to us again, we’re here to help.

      Best,
      Nikki

    Default Gravatar
    Johnny
    February 27, 2017

    Are there lenders who will finance my start up business/franchise if I am not currently employed?

      Avatarfinder Customer Care
      Anndy
      June 27, 2017

      Hi Johnny,

      Thanks for your question.

      We do have a list of startup loans. Kindly review the eligibility criteria of the loan before submitting your application.

      Cheers,
      Anndy

Go to site