Biz2Credit small business loans review

Biz2Credit rates, fees and terms

Biz2Credit’s partners offer term loans with rates starting at 6.5% 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 $6 million with terms as long as 36 months. Use our calculator to see how much a term loan from this provider might cost.

How Biz2Credit compares to other providers

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

Biz2Credit business loans	Rapid Finance small business loans	Lendio business loans
★★★★★ Finder rating 4.7 / 5	★★★★★ Finder rating 3.7 / 5	★★★★★ Finder rating 4.8 / 5
	Go to site	Go to site
Loan amount $25,000 – $6,000,000	Loan amount $5,000 – $1,000,000	Loan amount $1,000 – $10,000,000
APR Starting at 6.50%	APR Not stated	APR Varies by lender
Loan term 12 to 36 months	Loan term 3 to 60 months	Loan term 3 months to 25 years
Requirements 6+ months in business; $100,000+ annual revenue; 600+ credit score	Requirements Steady flow of credit card sales	Requirements Operate business in US or Canada for 6 months or more, have a business bank account, minimum 520 personal credit score, at least $8,000 in monthly revenue.

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Biz2Credit reviews and complaints

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:

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 or checking out other sites like Biz2Credit 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.

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.

Biz2Credit business loans is not currently available on Finder

Have you considered Olympus Business Capital?

No credit needed. Funding up to $250,000 with a variety of finance options to best fit your business needs.

• Borrow up to $250,000
• Apply in 5 minutes
• Funding by next business day
• Required time in business: 6+ months
• Required monthly revenue: $10k+
• Min credit score: No credit needed

Learn more

No thanks, compare other business loan options.