Biz2Credit Reviews: Loan Requirements, Pros & Cons - Complete 2025 Guide
Fast Funding: Get funds in as little as 24 hours after approval.
Offers Flexible Loan Options: SBA, Term Loans, Revenue Based
Streamlined Application process with minimal paperwork
Absolutely great customer service. Jim is such a professional and was able to get us funding. Thanks Jim and Upwise Capital.
Craig went above and beyond to get this deal done! I would highly recommend UpWise Capital if you're looking for a broker to get investors onboard.
Craig made himself available all the time, he was very attentive, professional and easy to work with. Highly recommend!
We worked with Leo for our line of credit. We are a trucking company an can be a challenge to secure financing. The process was smooth and fast funding. Our only complaint would be that Leo was a little impatience when it came to our decision making. We are very thankful for the funding and would do business with them again. Thanks,
Upwise
Upwise
Leo got us a line of credit loan very quickly to help with expenses we incurred during our new business building purchase.
You are always hesitant when working with a finance firm to borrow money to grow your company But, I highly recommend Upwise Capital. Lou and Marc went out of their way to ensure everything was taken care of. Very professional in all steps taken to secure the financing I needed. I look forward to continuing the business relationship.
I rarely write reviews, but my experience with Leo was absolutely. Leo was patient, knowledgeable, and extremely responsive. During a hectic work week he continued to bare with me to be sure that i had all the information I was requesting. He got me the capital I needed within one day. I highly recommend this company!
Biz2Credit at a Glance: Key Features and Services
Biz2Credit is a leading business financing platform designed to help small business owners access funding quickly and efficiently. Since its launch in 2007, Biz2Credit has funded over $8 billion in loans, making it a trusted resource for businesses across industries. Their wide range of offerings, including term loans, SBA loans, and revenue-based financing, makes them a strong contender for businesses looking for fast and flexible funding solutions.
Quick Facts About Biz2Credit:
- Founded: 2007
- Loan Products: Term loans, SBA loans, revenue-based financing, commercial real estate loans
- Loan Amounts: $25,000 to $6 million
- Funding Speed: As fast as 24 hours
- BBB Rating: A+
What You’ll Learn in This Review:
- What is Biz2Credit?
- How does Biz2Credit work?
- Loan products, terms, and eligibility requirements
- Pros, cons, and comparisons with other lenders
- Frequently Asked Questions (FAQs)
What is Biz2Credit?
Biz2Credit connects small businesses with customized funding options through their innovative online platform. They offer a variety of business loans to meet different funding needs, from working capital to commercial real estate loans. Their streamlined process ensures fast funding, making them a popular choice for businesses seeking flexible financing.
Available Loan Products:
- Term Loans: Fixed-rate loans with predictable monthly payments.
- Revenue-Based Financing: Flexible repayment based on business receipts.
- SBA Loans: Long-term, low-interest loans backed by the Small Business Administration.
- Commercial Real Estate Loans: Financing for purchasing or refinancing business properties.
Industries They Serve:
Biz2Credit serves a wide range of industries, including:
- Retail
- Restaurants
- Healthcare
- Manufacturing
- Construction
How Does Biz2Credit Work?
Biz2Credit simplifies small business financing by using technology to match businesses with the best funding options based on their unique needs. The online application process is straightforward, allowing business owners to prequalify and get funding offers quickly.
Key Features of Biz2Credit’s Process:
- Prequalification: No impact on your credit score to see offers.
- Fast Approval: Receive decisions within 24-48 hours.
- Wide Loan Options: Tailored funding solutions for various business needs.
Their platform eliminates the hassle of traditional bank loans, ensuring businesses can focus on growth rather than paperwork.
Biz2Credit Funding Products
Biz2Credit
Term Loans
- Loan Amounts: $25,000 to $1 million
- Repayment Terms: 12 to 36 months
- Interest Rates: Starting at 7.99%
- Uses: Ideal for business expansion, purchasing inventory, or managing cash flow.
Biz2Credit’s term loans provide fixed-rate financing with predictable monthly payments, making them a reliable option for long-term business needs.
Biz2Credit
Revenue-Based Financing
- Loan Amounts: $25,000 to $6 million
- Repayment Terms: Based on a percentage of business receipts.
- Uses: Perfect for businesses with fluctuating revenues, such as retail or hospitality.
With revenue-based financing, repayments adjust based on your business’s performance, offering flexibility for small businesses managing seasonal fluctuations. Biz2Credit's revenue-based financing is designed to help businesses manage their cash flow effectively while ensuring lower overall financing costs through competitive terms and transparent pricing.
Biz2Credit
SBA Loans
- Loan Amounts: $50,000 to $5 million
- Repayment Terms: Up to 25 years
- Interest Rates: Low rates backed by the Small Business Administration.
- Uses: Business expansion, working capital, debt consolidation, or purchasing equipment.
Biz2Credit’s SBA loans provide long-term funding with lower financing costs, making them a cost-effective option for eligible businesses.
Biz2Credit
Commercial Real Estate Loans
- Loan Amounts: Up to $6 million
- Repayment Terms: Up to 25 years
- Interest Rates: Starting at 6.75%
- Uses: Purchasing, refinancing, or renovating commercial property.
For businesses looking to invest in property, Biz2Credit’s CRE loans offer competitive rates and flexible terms. To qualify for these real estate loans, businesses must have an annual revenue greater than $250,000.
Biz2Credit Requirements
Here is the basic criteria your business must meet for biz2credit loan requirements:
- Annual Revenue: $250,000+ for term loans, varies for other products.
- Credit Score: Minimum 650 for most loans.
- Business Age: At least six months in operation.
- Required Documents: Bank statements, tax returns, and financial records.
- Business Operations: Must have been ongoing since February 2020 to qualify for certain loans.
What You Need to Know
A few things to know when considering biz2credit funding:
- Fees vary by funding type and credit profile.
- Revenue-based financing fees are based on business performance.
- Borrowers can repay installments early to save on interest costs.
- Flexible repayment periods ranging from 12 months to 25 years.
How to Apply to Biz2Credit
Biz2Credit Application Process
Step 1: Complete the Online Application
- Create a Biz2Credit login and fill out the application.
- Provide basic financial information, including bank statements and annual revenue.
Step 2: Review with a Loan Specialist
- Work with a specialist to match your business with the best loan options.
- Evaluate terms, repayment options, and interest rates.
Step 3: Accept the Funding Offer
- Select your preferred loan product.
- Funds are deposited into your account within 24 hours after approval.
Pros & Cons of Biz2Credit
PROS
CONS
Apply Now for Business Financing
- Access term loans, lines of credit, working capital & more
- Secure the terms and conditions that make sense for you
- Apply for working capital and cash flow funding to cover inventory, marketing and operations
Stay ahead of the curve - get access today!
Upgrade your capabilities with specialized financing for almost any industry.
Why Choose Upwise Capital
Quick & easy application
Our simple 15-minute application gets you on your way to funding quickly. Most applicants receive a fast decision within hours of applying. Then just choose your loan terms and you could have funds deposited into your account as soon as 24 hours.
Ensure you make the wise choice
Every Upwise applicant gets a dedicated funding advisor who takes the time to understand your business and it's unique needs. We are here for your support throughout the entire funding process.
Access multiple financing options
Upwise has an extensive product suite and a network of business line of credit lenders. This means you're more likely to find the best match for your funding needs.
Is Biz2Credit Legit?
Yes, Biz2Credit is a legitimate platform with over $8 billion in loans funded since 2007. Their transparent application process, variety of financing options, and strong customer reviews make them a trusted resource for small business owners.
If Biz2Credit doesn’t meet your needs, consider exploring Upwise Capital for alternative financing options tailored to your business goals.
Biz2Credit Frequently Asked Questions - FAQ
What are Alternatives to Biz2Credit?
For small businesses exploring other funding options, several alternatives to Biz2Credit offer competitive terms and diverse financial products:
- OnDeck: Provides term loans and lines of credit with interest rates starting at 9.99%. OnDeck is known for its fast funding and flexible terms.
- Funding Circle: Offers peer-to-peer lending options with interest rates starting at 4.99%. This platform connects small businesses with investors, providing a unique funding avenue.
- Bluevine: Specializes in lines of credit and invoice factoring, with interest rates starting at 4.8%. Bluevine is ideal for businesses needing flexible, short-term financing.
- American Express Business Blueprint Business Line of Credit: Offers a line of credit with interest rates starting at 6.99%, providing a reliable source of funds for ongoing business needs.
- National Funding: Provides a variety of funding options, including term loans and lines of credit, with interest rates starting at 10%. National Funding is known for its personalized service and quick approval process.
Each of these alternatives has its own set of terms and requirements, so small businesses should carefully review their options to find the best fit for their financial needs.
What Happens After Applying with Biz2Credit?
After submitting your application, Biz2Credit matches your business with tailored funding options. A loan specialist guides you through the process, and approved funds can be deposited within 24 hours.
Does Biz2Credit report to credit bureaus?
Yes, Biz2Credit reports to major credit bureaus, helping businesses build their credit profiles.
How do I manage my loan with Biz2Credit?
You can manage your loan through the Biz2Credit login portal, where you can track payments and get customer support.
What are Biz2Credit’s renewal options?
Eligible borrowers can renew their loans or apply for additional funding based on their repayment history.
What is the customer experience like with Biz2Credit?
This Biz2Credit review highlight their fast funding process, flexibility, and great customer service. Many customers report positive experiences with their online application and loan specialists.
BBB Rating: A+
Trustpilot Rating: 4.6/5 based on over 14,000 reviews.
Common Complaints: Some borrowers mention higher fees for specific loan types.
Customer Service and Reputation
Biz2Credit has built a strong reputation for providing excellent customer service, reflected in their 4.6-star rating on Trustpilot and an A+ rating with the Better Business Bureau. Their customer service team is readily available to assist with any questions or concerns, ensuring a smooth and supportive experience for borrowers. The company’s online platform is user-friendly, making it easy for business owners to navigate the application process and manage their loans.
However, it’s important to note that Biz2Credit faced a $33 million fine from the Federal Trade Commission in 2024 for making deceptive loan promises related to the Paycheck Protection Program. Despite this setback, Biz2Credit continues to be a trusted resource for many small businesses, thanks to their commitment to transparency and customer satisfaction.
Biz2Credit: Final Verdict
Final Verdict
Who Should Consider Biz2Credit?
- Established small businesses seeking fast funding.
- Businesses needing flexible repayment options for growth or working capital.
- Companies looking for SBA loans or revenue-based financing.
Who Should Look Elsewhere?
- Startups or businesses operating for less than six months.
- Businesses with lower credit scores looking for low-interest options.
Tips for Success with Biz2Credit
- Prepare your financial information before applying.
- Compare funding options to find the best terms and interest rates.
- Use the Biz2Credit login portal to track your loan status and payments.
- Pay off loans early, if possible, to reduce financing costs.