March 24, 2023
Biz2Credit Review-featured

When you partner with Biz2Credit, a seasoned marketplace lender, you have several options. Since its founding in 2007, Biz2Credit has provided finance for small businesses totaling more than $7 billion. This lender finds the finest finance source for your particular requirements and pairs you with it. Additionally, borrowers benefit from a hands-on approach since financing professionals at Biz2Credit can assist you in determining which loan is appropriate for your needs. Depending on the loan kind, you may borrow up to $6 million. This lender provides straightforward pricing and quick financing in addition to having a large partner network. Biz2Credit is our top pick for the finest marketplace lender because to these factors.

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The conditions and interest rates of Biz2Credit’s loans are openly disclosed. Rates for term loans begin at 8.99%, however they might increase based on your credit score. This lender requires a credit score of at least 660 to be authorized for a term loan, which is greater than what other lenders, including Balboa Capital, want. Biz2Credit does, however, maintain reduced interest rates.

We like that Biz2Credit charges simple interest, which doesn’t compound and is thus less expensive over the course of the loan. One of the few lenders we investigated, Biz2Credit, provides loans with simple interest.

There is also a $250 origination fee. But similar to Fund box’s offer, you may earn a discount by connecting your company checking account throughout the application process. This allows Biz2Credit to take a deeper look at your company’s finances to make sure you will be able to repay the loan.

Applying for a Loan

Among the loan choices provided by Biz2Credit are working capital, term, and commercial real estate loans. The online loan application for Biz2Credit may be completed in about a minute. After that, you are invited to add your supporting documents and submit your application. A decision is often made within 24 hours, and financing follows in around three days.

You need to have been in business for at least 18 months, have annual sales of at least $250,000, and have a credit score of 660 or above in order to be accepted for a Biz2Credit term loan. This lender is not for you if you are just starting out or have yearly sales of less than $250,000.

You just need to be in operation for six months to be eligible for a working capital loan from Biz2Credit, but you still need yearly sales of at least $250,000 to qualify. A term loan has a lower credit score minimum of 575 than that. The prerequisites for a commercial real estate loan include being in operation for at least 18 months, having a credit score of at least 660, and making at least $200,000 in yearly sales.

Access to loan experts at Biz2Credit will enable you to choose the best loan option for your needs. Having this kind of information may be quite helpful for small company owners that need financing since there are so many loan possibilities to choose from.

Loan Terms

Loans from Biz2Credit have terms of 12 to 36 months and vary in size from $25,000 to $250,000.

You are not required to put up any security for Biz2Credit business term loans since they are unsecured. This lender does, however, demand a personal guarantee, which makes you personally accountable in the event that your company fails to repay the loan.

Working capital loans from Biz2Credit might include daily, monthly, or biweekly payments that are deducted from your company’s sales. A working capital loan application may be approved by Biz2Credit in 24 hours and funded in 72 hours.

The amount you may borrow with this lender’s commercial real estate loans ranges from $250,000 to $6 million. This kind of loan’s proceeds must be utilized to buy real estate. Business owners may qualify for these loans in 48 hours, with interest rates starting at 10%. The loans have terms ranging from 12 to 36 months.

Helpful Tips

Although the Biz2Credit website doesn’t explicitly indicate what documentation is needed to apply for a loan, it’s a good idea to have company bank records, tax papers, evidence of business ownership, and a government-issued ID on hand.

You may pick the best loan package using one of the many online tools and resources provided by Biz2Credit, which also includes calculators. Additionally, Biz2Credit offers a Virtual CFO tool that examines your financial information and offers useful suggestions. This is a good feature that the other online lenders we studied do not give.

Biz2Credit Features

Variety of Loan Amounts

Working capital, term, and commercial real estate loans from $25,000 to $6 million are all available through Biz2Credit. It’s wonderful to have this kind of flexibility since it provides you plenty of alternatives and guarantees you can acquire the finest loan for your requirements.

Transparent Pricing

We like that Biz2Credit utilizes simple interest, which is less expensive than compound interest, and is extremely upfront about its pricing. To get a decent indication of how much your loan will cost, Biz2Credit also offers an online calculator where you can enter the financing alternatives, interest rates, and payback periods.

Competitive Rates

Biz2Credit not only has affordable rates, but it also gives you a discount on your loan if you connect your bank account when submitting your application.

Customer Service

During regular business hours, you may contact the Biz2Credit customer service staff via phone and email. The company’s website also offers a tonne of materials, including a page dedicated to managing the COVID-19 epidemic. With an A+ rating from the Better Business Bureau, Biz2Credit has a solid reputation in the sector. Additionally, it has more than 1,600 favourable comments on Trust pilot.


For the majority of small company owners, Biz2Credit is an excellent term loan choice, but it has certain disadvantages as well. First off, some company owners won’t be able to apply for a loan with Biz2Credit because of the criteria of $250,000 in yearly sales and a credit score of at least 660.

The loan’s maximum period of 36 months may also cause some company owners to second-guess themselves, particularly if they plan to spend the money for a costly item and wish to stretch out payments.

We also wish Biz2Credit would be more transparent about the paperwork needed for the loan on its website. Making a phone call in order to get this information is an additional step for many small company owners who are juggling many tasks.


Biz2Credit’s wide range of loan amounts, flexible terms and transparent pricing make it our best pick for marketplace lender.

We recommend Biz2Credit for:

  • Businesses that have solid credit scores and robust annual sales and want choices for loan products and terms
  • Borrowers who want assistance in navigating the loan process

We DON’T recommend Biz2Credit for:

  • Those who need same-day funding
  • Business owners with credit scores below 660 or less than $250,000 in sales

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