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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.
$100,000
Max. Amount
Product Name | Biz2Credit business loans |
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Max. Amount | $100,000 |
Loan Term | Up to 84 months |
Min. Credit Score | 670 |
APR | 4% to 36% |
Requirements | Varies by lender; typically 2+ years in business; profitable; good personal credit history |
Review by
Rhys Subitch is a writer and editor at Finder who tackles topics across the site. With 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 on all things finance.
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 4% — 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.
Biz2Credit's partners offer term loans with rates from 4% to 26% 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.
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In addition to term loans, you can find an advance on up to $25,000 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.
Here's a snapshot of how this connection service compares to other business loans available online.
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BBB accredited | No |
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BBB rating | A+ |
BBB customer reviews | 4 out of 5 stars, based on 24 customer reviews |
BBB customer complaints | 20 customer complaints |
Trustpilot Score | 4.8 out of 5 stars, based on 1,630 customer reviews |
Customer reviews verified as of | 12 October 2020 |
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.
However, as of October 2020, four of the reviewers complain about the service around the Paycheck Protection Program.
Requirements vary depending on the lender, but you’re more likely to have more options if you meet the following criteria:
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.
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.
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.
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.
Answers to common questions about Biz2Credit's connection service.
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.
Generally, no. You can typically use your business loan funds for any legitimate purpose, as long as it’s business-related.
Compare more online business loan providers to see how Biz2Credit stacks up to the competition.