Biz2Credit Review 2024

Biz2Credit was formed in 2007 with the simple goal of making business finance a more accessible and easier to understand topic. They are an online lender and they strive to be the best resource for small businesses to get funding.

They are backed by Nexus Venture Partners and their website states they have helped fund loans for over 225,000 small business owners.

At a Glance:

  • Loans between $5,000 and $10 million
  • Multiple different loan types offered
  • Specializing in loans for a few specific industries including medical services, salons, restaurants, and more
  • Loans may be funded in as little as 24 hours
  • Offers loans to borrowers who may not qualify for a loan with banks

Biz2Credit Pros and Cons


  • Only one application can lead to multiple loan offers
  • Specializing in several specific industries but work with any type of business
  • Offers loans to those who may not qualify for funds with traditional lenders


  • Lending guidelines will vary depending on which lender you are connected with
  • Multiple fees may apply

Biz2Credit Business Loan Rates and Fees


Varies depending on borrower

Loan term:

3 months to 20 years depending on loan type

Loan amounts:

$5,000 to $10 million

Hidden fees:

Origination fees, underwriting fees, closing fees

Minimum credit score required


Extra perks:

BizAnalyzer Tool

Fund availability

24 hours - 4 weeks

What type of business loans does Biz2Credit offer?

SBA Loans: SBA Loans are business loans that are partially guaranteed by the U.S. Small Business Administration which allows you to borrow money for almost any business-related purpose. These loans are generally desirable thanks to their low interest rates and long repayment terms but can be a less sought after option because the application process can be lengthy and funding will likely not be quick. Best for those seeking low interest rates and longer repayment terms.

Business Term Loan: The most traditional type of business loan is a Business Term Loan which is a lump sum that you back at a fixed rate. Best for business owners who are looking to fund a specific project or investment.

Business Line of Credit: A business line of credit is an amount of money that businesses can utilize on an as-needed basis. Borrowers will only pay interest on what they use. Best for businesses who do not have a consistent cash flow and want to be prepared for emergencies, last minute opportunities, and gaps in revenue.

Short-Term Business Loans: Short-term business loans are quite literally business loans designed for short term uses as they include fast financing and short repayment term lengths. Best for emergency situations.

Equipment Financing: Equipment financing allows business owners to receive a lump sum that they are to use to pay for any equipment they may need. If the borrower defaults on this type of loan, the equipment purchased would be repossessed as it is considered the collateral for the loan. Best for business owners who need new equipment or machinery.

Invoice Financing: Invoice financing is a type of loan in which a business receives a cash advance in return for unpaid invoices. Best for those who may not qualify for traditional small business loans.

Start-up Business Loans: Start-up Loans are designed for those with a limited credit history who are starting up their business. Best for those starting a new business in a reliable industry who can also offer some kind of collateral - borrowers should also have an excellent personal credit history.

Merchant Cash Advances: A Merchant Cash Advance is a type of small business loan where you receive a lump sum that you pay back over time when a percentage of your daily sales is deducted. You will often also have to pay a fee on top of the amount you are paying back. Best for those facing emergency situations as these loans typically include high interest rates.

Which industries will Biz2Credit typically work with?

Biz2Credit does not disqualify any potential borrowers simply for the industry they are in so it is always worth applying if you are interested in their services. That said, they specialize in loans for businesses that are in the following industries:

  • Pharmacists
  • Veterinary Practices
  • Salons
  • Dentists
  • Attorneys
  • Doctors
  • Hotels
  • Liquor stores
  • Gas stations
  • Convenience stores
  • Restaurants and cafes
Biz2Credit Business Loan Review

Borrow $5,000 - $10 million

Funding as fast as 24 hours in some cases

Loan term: 3-5 years

BizAnalyzer Tool

Minimum credit score: 670

Need help finding the right loan?

No worries, we've got you covered! Compare personalized loan options in just minutes without impact on your credit score.

What are some of the benefits of using Biz2Credit’s Services?

You only have to submit one application to receive multiple loan offers.

As Biz2Credit is an online marketplace that connects lenders with borrowers, you will be able to receive multiple loan offers by submitting a single application. When you apply, Biz2Credit will analyze your stats and present you with any loan offers that you may qualify for which will save you time.

They specialize in several industries but will work with any type of business.

Biz2Credit specializes in finding loan options for borrowers in certain industries such as the medical field, restaurants, and salons. While they may be able to offer specialized advice to members of those industries, they are more than capable of working with any type of business.

Offers loans to those who may not qualify for funds with traditional lenders.

Biz2Credit’s flexible requirements will allow many to apply, even those who may not qualify for loans through banks or other lenders. While it is not guaranteed that you will receive a loan offer with a lower personal credit score, you have a much better chance with Biz2Credits platform.

What are some of the downsides to using Biz2Credit Business Loans?

Lending guidelines will vary depending on which lender you are connected with

One of the downsides of using any online loan marketplace to connect with lenders is you may not know the specific terms and conditions of a loan before you are in the process of applying. Loan terms will always vary depending on your credit history and the loan amount but you will find a greater variation in requirements when you use an online lender.

Multiple fees may apply.

Although it is free to apply for a loan through Biz2Credit, you will likely have to pay at least one type of fee when you process your application such as underwriting fees and origination fees. While these fees may be worth it when you consider the fast funding time and lower requirements, you may be able to find other lenders that do not charge these.

Do I need a credit check to take out a business loan with Biz2Credit?

The prequalification process does not require a hard credit check - that comes later when you select a loan and complete your application process.

Are there any hidden costs and fees associated with Biz2Credit business loans?

Ultimately there are several types of fees that you may encounter throughout your loan term with Biz2Credit and the amount varies depending on if the loan is a non-bank or bank product. Their non-bank financing products require you to pay an underwriting fee which will be charged when the loan is finalized. These underwriting fees can be anywhere between $240 and $400.

If the loan is a bank financing option you will be required to pay a closing fee or origination fee to Biz2Credit when the loan is finalized. The exact amount this fee will vary depending on the size of your loan as it is typically a small percentage of your total loan amount.

How is Biz2Credit’s customer service and support?

Biz2Credit offers four channels for customer support: email, phone, chat, and contact form on the website. The chat feature is easily accessed on their website and can even be used during the application process. To access the phone line, simply dial  800-220-3795 from Monday through Saturday between 8:00 AM and 9:00 PM EST.

How to qualify for a Business Loan through Biz2Credit

There are a variety of qualifications that you may need to meet before applying through Biz2Credit and these qualifications vary depending on what type of loan you are interested in. At minimum you will likely need:

  • Proof of ownership or partial ownership
  • To have been in business for at least six months
  • Credit score of 670 although certain loan types can be granted to borrowers with a personal credit score as low as 575

How to Apply for a Business Loan with Biz2Credit

One of the best aspects of Biz2Credit is their fast and easy application process. You will start out by spending five or so minutes filling out their online application and Biz2Credit will match you with any suitable loan offers. Once you select the loan offer that you are interested in accepting, you may need to submit additional documentation and paperwork before the loan is finalized.

Is Biz2Credit Legit and Trustworthy?

Yes, Biz2Credit is a legit company that matches borrowers with trustworthy lenders that are open and honest about their conditions. You can feel safe and secure about providing them with your personal information.


While Biz2Credit offers loan options for many, especially those who are struggling to qualify through other traditional lenders, the high fees and difficulty contacting customer service may mean working them is not worth it. However, if you cannot qualify with other lenders and Biz2Credit is one of your only options, you may find a loan through them that suits your needs.

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*Disclaimer: does not function as a lender. The offers provided on this website are provided solely by third parties, who compensate for their inclusion. We would like to emphasize that will not contact you regarding any loan application resulting from the aforementioned offers, and we will never request financial information or any sensitive personal data via phone, email, or any other means.

REMEMBER, it is essential to exercise caution and never share any financial information or sensitive personal data over the phone or via email without independently verifying the identity of the company initiating the communication first!