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Biz2Credit Small Business Loans Review
ConsumersAdvocate.org Rating: 5 / 5 (Excellent)
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The following companies are our partners in Small Business Loans: Credibly, OnDeck, Credible, Bluevine, Biz2Credit, Businessloans.com, Lendzi, Revenued, Advance Funds Network, and AdvancePoint Capital.
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How is Biz2Credit rated?
Breakdown
Overall Rating: 5 / 5 (Excellent)
Loan Options
Available Loan Types
| SBA Loans | |
| Revenue-based Financing | |
| Equipment Funding | |
| Working Capital Loans | |
| Term Loans | |
| Lines of Credit | |
| Invoice Financing | |
| Merchant Cash Advances | |
| Equipment Loans |
Disclaimer
SBA Loans
| Min. Loan Amount | $5,000 |
| Max Loan Amount | $5,000,000 |
| Min Term Length | 5 years |
| Max Term Length | 25 years |
Term Loans
| Max Loan Amount | $500,000 |
| Max Term Length | 36 months |
Business Lines of Credit
| Min Loan Amount | $10,000 |
| Max Loan Amount | $1,000,000 |
| Min Term Length | 3 months |
| Max Term Length | 36 months |
| Repayment Terms | Pay interest only on the amount borrowed. |
Merchant Cash Advance
| Min Loan Amount | $6,000 |
| Max Loan Amount | $5,000,000 |
| Repayment Terms | Lump sum is paid back daily as a portion of credit card sales. |
Loan Options - 5 / 5
Biz2Credit Rates & Fees
SBA Loans
| Min APR | 6.5% |
SBA Loans
Term Loans
| Min APR | 4.0% |
| Max APR | 36.0% |
Term Loans
Lines of Credit
| Min. APR | 7.0% |
| Max APR | 25.0% |
Lines of Credit
Merchant Cash Advances
Equipment Loans
| Min APR | 8.0% |
| Max APR | 30.0% |
Equipment Loans
Average Rates & Fees - 5 / 5
In terms of fees, Biz2Credit charges a closing fee when the loan transaction is finished. Other fees will vary depending on the affiliate. Some common small business loan fees include processing fee, service fee, origination fee, prepayment penalty, packaging fee, SBA guarantee fee, NSF fee, late payment fee, wire transfer fee, and referral fee.
Application & Qualifications
| Online Application | |
| Approval Time | Prequalify in a few seconds |
| Funding Time | Depends on lender |
Application Requirements - 5 / 5
Biz2Credit Reputation
Customer Feedback
| Trustpilot Score | 4.9 out of 5 |
| BBB Rating | A+ |
| BBB Positive Reviews | 11 |
| BBB Negative Reviews | 2 |
| Date Collected | 2020-02-12 |
Consumer Education - 5 / 5
Contact & Additional Information
| Homepage URL | |
| Company Phone | (800) 200-5678 |
| Headquarters Address | 1 Penn Plaza, New York, NY, 10119 |
Our Comments Policy | How to Write an Effective Comment
Loans Range: $25,000 to $1Million*
- Fixed-rate Financing for Eligible Customers
- Revenue-Based Financing Option
- +$8B in Business Financings Since 2007
- Get Approved in 24 Hours
