• ANNUAL REVENUE: Not Specified
  • ORIGINATION FEE: $250 - $400
  • CREDIT SCORE: 670+
  • BORROWING: $5,000 - $10 Million
  • FUNDING TIME: 24 hours - 4 weeks
  • APR: 4% to 36%

2022 Biz2Credit Reviews: Services| Terms| Pros & Cons

  • ANNUAL REVENUE: Not Specified
  • ORIGINATION FEE: $250 - $400
  • CREDIT SCORE: 670+
  • BORROWING: $5,000 - $10 Million
  • FUNDING TIME: 24 hours - 4 weeks
  • APR: 4% to 36%

Best For

Small Businesses & Women in Business


  • Responsive customer service
  • Fast and efficient service offered
  • An assortment of financial products available
  • Fantastic business and education tools on offer


  • Can be expensive
  • Underwriting fees can be on the high side
  • Some find the application process confusing

Biz2Credit is an online credit platform that provides financing to small businesses. The company was founded in 2007 by Ramit and Rohit Arora, and originally it was a marketplace for lenders. But from 2013 onwards it began offering direct financing as well.

It offers an assortment of loans but its primary offering is unsecured business loans.

With a minimum of $5,000 and a maximum of $10 million and more than 20,000 small businesses funded to date, it’s easy to see why Biz2Credit reviews are so positive. It is licensed, registered, and generally regarded as one of the best credit solutions for small business owners. Check out our summary of:

  • Key Term Details
  • Pros & Cons
  • How to Apply Ste-By-Step
  • Reputation

Biz2Credit Borrower Requirements & Terms

Feature Data
Minimum time in business 2 years (Or 6 months for startup loans)
Credit score required A minimum credit score of 670
Annual revenue required Not specified
Borrowing amounts range $5,000 to $10 million
Borrowing fee None
Origination fee $250 to $400 underwriting fee
Funding time From 24 hours to 4 weeks
Location requirements Not specified
Bankruptcies Not specified
Eligible industries 12 eligible industries
Personal loan guarantee required Yes
Collateral Not specified
APR 4% to 36%

How to Apply for a Business Loan With Biz2Credit?

In order to apply for a business loan with Biz2Credit, you’ll need to have a registered and profitable business that is more than 2 years old, a good FICO score, and your personal and business information on hand. Some Biz2Credit SBA loans reviews indicate that you may need to have bank statements available, too, if requested.

Step 1: Go to www.biz2credit.com and click on the “Apply Now” button.

Step 2: Select the funding amount you need (from $15,000 to more than $300,000), state how long you’ve been in business, enter your annual revenue or income threshold, and select your FICO score. Click “Submit”.

Step 3: Enter your first name, last name, email address, and phone number. Click on the “I’m not a robot” button. Click “Start Application”.

Step 4: Type in your desired funding amount, select how you plan on using the funding (working capital/payroll expenses, business/equipment purchase, or financing real estate), type in your legal business name, enter your Federal EIN or Tax ID number, enter your business’s contact information and general information.

Step 5: Fill in your personal information.

Step 6: Add your funding account information.

Step 7: Review and accept the company’s credit authorization, disclosures, and consumer pricing information.

Step 8: Receive a response online notifying you as to whether or not your application has been successful.

That’s it!

Your funds should be transferred to your nominated account within 24 hours. In case you need to submit additional documents, the approval process can take up to four weeks but note that verified Biz2Credit reviews indicate you can usually expect funds within a matter of days.

Pricing & Repayment

Biz2Credit is extremely transparent when it comes to its pricing model. There is no upfront fee nor any single fixed fee that must be paid. Like most other companies in this field, they do charge an origination fee once you’ve decided on a certain loan.

This fee ranges from $250 to $400 depending on the size of the loan, type of transaction, and other factors. It must be paid when the loan transaction is finished.

How Does Repayment Work?

Depending on the parameters of the loan you can expect monthly, weekly, biweekly, or daily repayment terms. Automatic withdrawal via an automated clearing house (ACH) is also available.

Pros Cons
Fast and efficient service offered Underwriting fees can be on the high side
An assortment of financial products available Can be expensive
Fantastic business and education tools on offer Some find the application process confusing
Responsive customer service

Reviews and Ratings

Biz2Credit Inc reviews can be found all over the internet – both positive and negative ones. If you google reviews on Biz2Credit, you’ll find all the first-hand accounts you need. Sites like BBB and Trustpilot are great for reading more about Biz2Credit and what its customers are saying.

The positive Biz2credit google reviews found online frequently speak of quick funding, helpful customer service, and seamless user experience. Biz2Credit small business reviews also inform us that the educational resources provided by the platform are nothing short of invaluable to the modern-day small business owner.

In terms of negative Biz2Credit online reviews, some speak of confusion around the application process and the fact that a hard pull was conducted before the customers had decided on a loan.

Biz2Credit Alternatives

Before we wrap up our 2022 Biz2Credit review, we’ll introduce you to some of the company’s competitors just in case you’d like to check out other options. We’ll compare Biz2Credit with three of its most popular alternatives – Fundera, Lendio, and Credibly – to give you an idea of how this company fares against other online lenders.

Biz2Credit vs Fundera

When comparing Biz2Credit vs Fundera you’ll notice a number of differences. To begin with, Fundera extends personal loans while Biz2Credit does not. Biz2Credit offers direct lending in addition to being a lending marketplace, while Fundera is a marketplace only. Fundera charges no fees but rather claims a small referral fee from the lender if you’re funded, whereas Biz2Credit charges an underwriting fee.

Biz2Credit vs Lendio

Another Biz2Credit alternative is Lendio. Lendio is the biggest small business loan marketplace in the U.S. It’s completely free to use and you won’t need to pay any fees – the lender handles that once the loan term is up. According to Biz2Credit business financing reviews, Biz2Credit generally offers a better interest rate and faster funding.

Biz2Credit vs Credibly

Both companies have a 24-hour approval time, responsive customer service, and user-friendly websites. Credibly charges a 2.5% origination fee and has an interest rate between 9.99% and 36%. However, while Biz2Credit focuses exclusively on small business owners, Credibly focuses on small and medium-sized businesses alike.

To Wrap Up

Biz2Credit is a fantastic tool for providing small business owners with the financial assistance they need. The company is established and reputable, and Biz2Credit borrower reviews back this statement up. If you’re looking for a credit provider with fast funding, responsive customer service, and a variety of financial tools and resources on offer, look no further than Biz2Credit.

Still unsure whether this is the platform for your business? Our advice is this: read other Biz2Credit reviews, take advantage of the fantastic free business tools on offer, and contact the company directly if you’d like more information.

If you are still not sure Biz2Credit is the right choice for you, you take a look at our list of business loans available at the moment.


Can my business get a loan from Biz2Credit if I have an active bankruptcy?

According to Biz2Credit’s website, there are certain biz2credit requirements. That being said, yes, you’ll need to inform them of any bankruptcy – as well as an assortment of other issues including personal criminal convictions or legal issues – during the application process. The company clearly states that if there are any past issues, your application will not necessarily be disqualified. Rather the company may request additional details.

What industries are ineligible to get a business loan with Biz2Credit?

No industry is automatically ineligible for a Biz2Credit business loan, reviews say. The company caters to businesses in all kinds of industries however they have tailored offers for certain industries: pharmacy, veterinary practices, salons, dental practices, hotels and motels, liquor stores, convenience stores, gas stations, and restaurants. They also offer loans tailored to insurance agents, doctors, accountants, and attorneys.

Is Biz2Credit Legit?

We have created this Biz2Credit review article based on our thorough research. None of the biz2credit customer complaints gave a suspicion for this company.

How long does biz2credit take to provide funding?

Typically, the funding process for biz2credit PPP loans may take from 24 hours up to four weeks.

Who is Biz2Credit business loan best for?

According to the website itself and numerous Biz2Credit customer reviews, a Biz2Credit business loan is best for small businesses. The company also offers Biz2Credit business loans for women specifically so if that applies to you and your business, we seriously recommend checking this offer out.

What is the Biz2Credit BBB rating? Is it accredited?

Biz2Credit is not currently BBB accredited. However, it has an A+ BBB rating and the Biz2Credit reviews on the BBB website are all largely positive, with an average rating of 4.2/5 stars.

Does Biz2Credit report to credit bureaus?

While Biz2Credit reviews don’t explicitly answer this question, the company does have close business relationships with Equifax, D&B, and other credit rating agencies.