Founded Year

2007

Stage

Series B | Alive

Total Raised

$302M

Last Raised

$52M | 3 yrs ago

Revenue

$0000 

About Biz2Credit

Biz2Credit is an online small business funding platform connecting business owners with a range of lenders that offer a wide range of funding options. Biz2Credit connects borrowers with credit solutions based on online profiles that can be completed in less than four minutes in a safe, efficient, price-transparent environment.

Biz2Credit Headquarter Location

One Penn Plaza 45th Floor

New York, New York, 10119,

United States

+1 212 644 4555

Biz2Credit's Product Videos

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Biz2Credit's Products & Differentiation

See Biz2Credit's products and how their products differentiate from alternatives and competitors

  • Working Capital

    Fast turnaround working capital financing for small business owners.

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Research containing Biz2Credit

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Biz2Credit in 2 CB Insights research briefs, most recently on Jun 3, 2020.

Expert Collections containing Biz2Credit

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Biz2Credit is included in 4 Expert Collections, including Banking.

B

Banking

1,120 items

D

Digital Lending

1,550 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

S

SMB Fintech

1,499 items

F

Fintech

7,431 items

US-based companies

Biz2Credit Patents

Biz2Credit has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/29/2012

12/10/2013

Banking, Mortgage, Loans, Static program analysis tools, Credit

Grant

Application Date

6/29/2012

Grant Date

12/10/2013

Title

Related Topics

Banking, Mortgage, Loans, Static program analysis tools, Credit

Status

Grant

Latest Biz2Credit News

Biz2Credit Small Business Lending Index™ Reports Business Loan Approval Rates Up Slightly in May 2022

Jun 7, 2022

New York, New York, UNITED STATES NEW YORK, June 07, 2022 (GLOBE NEWSWIRE) -- Small business loan approval percentages at big banks ($10m + in assets) rose from 15.1% in April to 15.3% in May, while small banks’ approvals also increased from 20.8% in April to 20.9% in May, according to the latest Biz2Credit Small Business Lending Index™ released today. Among non-bank lenders, approval percentages improved slightly: Institutional lenders approved 25.5% of loan requests in May, up one-tenth of a percent from 25.4% in April. Alternative lenders’ approval rates rose from 26.8% in April to 26.9% in May. Credit unions held steady at 20.6% for the second month in a row. “Small businesses are still trying to figure out their funding needs and must consider rising interest rates. With inflation, entrepreneurs need funding for growth,” said Biz2Credit CEO Rohit Arora, one of the nation’s leading experts in small business lending and fintech. “The cost of capital for small business borrowers will rise, since most small business funding comes at variable rates,” added Arora. “The continued incremental increase in loan approval percentages is encouraging. For the past year, it really has been a case of ‘slow and steady wins the race'.” Total nonfarm payroll employment rose by 390,000 in May, and the unemployment rate remained at 3.6%, according to the Jobs Report released by the U.S. Bureau of Labor Statistics released on Friday, June 3. Notable job gains occurred in leisure and hospitality, in professional and business services, and in transportation and warehousing. Many of these jobs are created by small businesses. However, employment in retail trade declined. Arora says the lending industry is watching closely what the SBA does, specifically whether the agency will approve fintech companies to process SBA loans. Biz2Credit analyzed loan requests from companies in business more than two years with credit scores above 680. The results are based on primary data submitted by more than 1,000 small business owners who applied for funding on Biz2Credit's platform. To view the report for May 2022, click here . About Biz2Credit Founded in 2007, Biz2Credit has arranged more than $7 billion in small business financing. The company is expanding its industry-leading technology in custom digital platform solutions for banks and other financial institutions, investors, and service providers. Visit www.biz2credit.com or Twitter @Biz2Credit, Facebook , and LinkedIn . Contact: John Mooney, (908) 720-6057, john@overthemoonpr.com

Biz2Credit Web Traffic

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Page Views per Million (PVPM)
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  • When was Biz2Credit founded?

    Biz2Credit was founded in 2007.

  • Where is Biz2Credit's headquarters?

    Biz2Credit's headquarters is located at One Penn Plaza, New York.

  • What is Biz2Credit's latest funding round?

    Biz2Credit's latest funding round is Series B.

  • How much did Biz2Credit raise?

    Biz2Credit raised a total of $302M.

  • Who are the investors of Biz2Credit?

    Investors of Biz2Credit include WestBridge Capital, Direct Lending Investments and Nexus Venture Partners.

  • Who are Biz2Credit's competitors?

    Competitors of Biz2Credit include BlueVine, Fundation, Lendio, Fundera, OnDeck Capital and 7 more.

  • What products does Biz2Credit offer?

    Biz2Credit's products include Working Capital and 4 more.

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