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Biz2Credit Reviews - Expert Analysis & User Insights for 2022

Biz2Credit offers three small business loan products with respectable interest rates and high borrowing limits. The simple application process and fast turnaround time for funding have made this platform an increasingly popular choice for entrepreneurs across the country.

biz2credit review
biz2credit review
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credit score
Min. Credit Score 600+
loan amount
Loan Amount $25K - $6M
loan repayment
Loan Repayment 12-36 months
Michelle Jackson
Written by:Michelle Jackson
Freelance Financial Writer and Online Business Coach

Reviewed by: Sarah Brooks, Personal Finance Writer and Editor

Expert Reviewer’s Verdict

Biz2Credit specializes in term loans with turnaround times of just 72 hours from application to funding, with very few restrictions on how they can be spent. It’s an excellent choice for those that need fast injections of cash to fund expansion projects, cover staff costs, and even deal with unforeseen emergency expenses. The lender has an excellent reputation for strong customer service and is favorably reviewed across aggregate review sites like Trustpilot.

Biz2Credit User Reviews - What People Are Saying

It’s great to see that Biz2Credit customer reviews are almost universally positive. The lender has 4.6 stars out of 5 on Trustpilot from more than 14,390 reviews, and users are quick to praise the attentive and personalized customer service. Many customers actually name specific individuals and loan advisors, too, which only emphasizes the great level of service.

Negative feedback tends to be from those that are struggling with slow applications, with most cases involving the need to provide more documentation. This is likely due to the platform’s strict eligibility requirements, so you should be prepared to provide a lot of information upfront.

The positive reviews are related to The negative reviews are related to
Excellent customer service Multiple documents required
Fast approval rates Some users experience a slow application process
Simple application process

Summarized Ratings

This parameter considers the scores achieved from independent user review sites, such as Trustpilot. Ideally, each platform’s rating reflects scores from three distinct user review sites. However, this isn’t always possible. Ultimately, the various scores were aggregated and averaged to establish an overall user reviews score.

Biz2Credit has a stellar User Reviews rating of 4.5, which is reflective of the independent user reviews posted on Trustpilot.

Biz2Credit Review Video

Our financial expert, Gordon Scott, provides an in-depth analysis, including pros and cons of Biz2Credit business funding.

What Is Biz2Credit?

Biz2Credit is an alternative lender that offers three business financing options: term loans, working capital loans, and commercial real estate loans (CRE). Term loans are intended for larger projects and have borrowing limits up to $500,000. Working capital loans start at just $25,000 and are designed to help grow your business, cover one-time expenses, hire staff, purchase equipment and inventory, and more.

And finally, commercial real estate loans, or CRE loans, are used to fund much larger acquisitions with up to $6 million that can be borrowed. Keep in mind that CRE loans are backed by commercial real estate that you already own.

Biz2Credit small business loans offer a fast, convenient, and well-priced lending option. You won’t face a hard pull to your credit rating until you apply for a loan, so it’s always worth checking them out to see what you can get.

Biz2Credit Pros and Cons

Multiple loan types available
Fast disbursement of funds
Straightforward application process
High borrowing limits
Strict eligibility criteria
Additional fees may be charged

Biz2Credit Loan Features

Biz2Credit interest rates are very reasonable and start from just 7.99%. However, we’ve found that credit score and other eligibility requirements can be tough to meet, especially for newer businesses. You should be aware that startups won’t be able to apply.

Terms are quite flexible across each of the financing options and you can usually borrow for up to 36 months. Plus, if you don’t like the products they offer, the platform has partnered with a number of additional lenders you can turn to. Each product is outlined in detail below.

Term Loans

This is by far Biz2Credit’s most popular funding option. Its term loan offers fixed weekly, semi-monthly, or monthly repayments and the cash can be in your account within 72 hours. With borrowing limits set at $500,000, it’s an ideal choice for those that want to fund a medium to large-sized project.

Term Length 12 - 36 months
Repayment Period Weekly, semi-monthly, or monthly
Min-Max Amount $25,000 - $500,000

Working Capital Loans

Most often used to fund your company’s day-to-day operations, working capital loans will be used to cover short-term expenses. Biz2Credit offers an incredibly fast 24-hour turnaround time from application to funding - as long as you’re able to provide the relevant documentation upfront.

Term Length Variable - To be discussed on application
Repayment Period Daily, weekly, or semi-monthly
Min-Max Amount $25,000 - $2 million

Commercial Real Estate Loan

These loans are typically taken out when a business needs new premises or is undergoing an expansion. Biz2Credit’s real estate loans allow you to borrow up to $6 million and are backed by your already-owned commercial real estate.

Term Length 12 - 36 months
Repayment Period Monthly
Min-Max Amount $250,000 - $6 million

Biz2Credit Interest Rates and Fees

Rates and fees will vary depending on your own personal financial situation. Those with higher credit scores and plenty of evidence of healthy business experience will generally be seen as low risk and be offered more desirable rates and fees.

Regardless of which Biz2Credit funding type you choose, you’ll almost certainly have to pay an origination fee, as well as maintenance and other admin charges. These can vary considerably for each applicant and it’s difficult to get an idea of exactly what you’ll be paying until you apply.

Generally, you won’t be charged for paying off your loan early, but if you sign up with one of the platform’s partner lenders, you may be subject to different terms. We always recommend reading your loan agreement very carefully before signing to make sure the repayments are affordable.

That being said, we’ve covered some general rates and fees information for each loan type below.

Term Loan Working Capital Commercial Real Estate
Origination Fees 1% - 6% 1% - 6% 1% - 6%
Underwriting Fees Typically $250-$400 Typically $250-$400 Typically $250-$400
Late Fees Not applicable Not applicable Not applicable
Interest Rate Starting from 7.99% Disclosed on application Starting from 10%

Biz2Credit Loan Eligibility Requirements

Biz2Credit’s eligibility criteria is a little more strict than those you’d find at competitor platforms, and only businesses with at least ‘good’ credit will be accepted. Plus, you’ll need a minimum of six months in business, if not more in most cases, to be eligible. You should bear in mind that even if you meet the minimum criteria, you aren’t guaranteed to be accepted.

This is perhaps one of the few downsides of the service, and business newbies and those with bad credit will need to search elsewhere. However, these stringent policies do mean that Biz2Credit has a talent for only selecting businesses that are capable of repaying loans, which is why its reputation has endured and remains a top choice for organizations with good to excellent credit.

We’ve summarized the basic requirements for each loan type below.

Criteria Term Loan Working Capital Loan Commercial Real Estate Loan
Minimum Credit Score 660 575 660
Minimum Annual Revenue $250,000 $250,000 $250,000
Minimum Time in Business 18 months Six months 18 months; plus already own commercial property

Biz2Credit Loan Application Process

Biz2Credit encourages future borrowers to go through the prequalification process in order to see if they might be approved for the financial product they’re requesting. Information requested during this process includes the following:

  • The amount the business would like to borrow
  • The purpose of the loan
  • The repayment term the borrower would prefer
  • Annual revenue and a current credit score*

Biz2Credit’s website states that a minimum credit score of 575 is eligible for a loan. However, it’s a good idea to work on nurturing your credit score and growing it in order to gain access to better lender terms. The higher a credit score, the better the lending terms will be especially related to the APR associated with a loan. The lower the APR, the less the loan will cost over the duration of time for the loan.

Once it’s time to make the official funding request, borrowers will need to provide additional information including:

  • Several years of tax returns (both individual and corporate)
  • A business plan detailing aspects related to service provided, goals and business projections
  • Several months of bank statements
  • Business balance sheet and/or profit loss statement
  • Any legal documents - such as articles of incorporation or bylaws and lease agreements - that provide deeper context and details about your business’s legal structure

How Does Biz2Credit Determine Loan Amount

Biz2Credit determines your loan amount primarily by your credit score, but your annual income and time in business will have an effect, as well . Generally, the higher all of these figures are, the more likely you are to have an extended borrowing limit.

Biz2Credit doesn’t disclose exactly how it calculates the amount for each customer, but you’ll be assigned a loan advisor who can walk you through any questions and explain the final offers before you sign up.

Biz2Credit Customer Support

Biz2Credit customer service has earned an excellent reputation. All borrowers are assigned a loan advisor from start to finish of the application process.

If you have any other general queries, you can get in touch over the phone or by email. Phone lines are open between 8 AM and 7 PM ET, and you never usually have to wait long for a response whichever contact method you opt for.

What’s more, you’ll find an incredibly handy knowledge center that contains blogs, research reports, how-to guides, and even e-books that are completely free to download. You can also get your hands on a series of loan guides and a lending index that will let you know your chances of being accepted for funding across a range of different lending types.

Biz2Credit Perks and Bonuses


It’s unclear if borrowers can modify their initial loan terms based on financial hardship. Prior to saying yes to a Biz2Credit loan, potential borrowers should ask questions specific to the repayment process and any potential for loan modifications.


The Biz2Credit website is intuitive for users, though it does feel a bit outdated. The standout on the platform is the knowledge center that provides a number of useful resources that borrowers can review before submitting their applications.


Borrowers can access an online portal detailing information related to products being serviced by Biz2Credit. Data is stored in the cloud and there is an app available for customers who would like to have expanded mobile access.

At this point in time there is no chat feature currently on the main website.

Biz2Credit Alternatives


If you don’t meet Biz2Credit’s annual income requirement, take a look at Kabbage. They require just $3,000 per month in revenue, giving small business owners a chance to qualify for a loan even with lower profit margins.

Kabbage is backed by American Express and offers businesses lines of credit from $2,000 to $250,000. Payments are made monthly and are paid back over six, 12, or 18 months. Fees for six-month loans are 2-9%, for 12-month loans they’re 4.5-18%, and for 18-month loans they range from 6.75-27%.

To qualify, you’ll need to have a minimum credit score of 640 and be in business for one year, in addition to meeting the monthly revenue requirement of $3,000.

Learn more in our Kabbage review

National Funding

National Funding has two loan products: Short-term business loans ranging from $5,000 to $500,000 and equipment financing and leasing up to $150,000. They’ve helped more than 75,000 businesses and have funded more than $4.5 billion. National Funding’s process is extremely streamlined - you can both get approved and funded within 24 hours of applying if you meet their requirements.

Qualifications aren’t as stringent, but we recommend having a credit score of 600 or more, being in business for at least six months, and having $50,000 or more in annual revenue. Their fees are not disclosed, so make sure to speak with a representative to fully understand the rate and fees you’ll be charged prior to signing for the loan.

Learn more if National Funding is right for you in our National Funding review

Final Thoughts

It’s difficult to go wrong when you apply for a Biz2Credit small business loan. Applications are fast and simple and there’s enough lending variety to cover a huge range of entrepreneurial needs. What’s more, borrowing limits are quite generous, interest rates are reasonable, and the excellent customer service ensures that someone is on hand to help you resolve any issues.

However, keep in mind that you’ll need a good credit rating to apply here, as well as significant annual revenues. If you have poor credit or are operating a startup, you’ll need to try another platform.

Frequently Asked Questions(FAQ)

Is Biz2Credit SBA approved?
Yes, Biz2Credit offers SBA loans to qualified borrowers.
How long does it take for Biz2Credit to approve you?

If there aren’t any issues with the application or delays in the approval process, the Biz2Credit website states that decisions can be made within 24 hours.

What bank does Biz2Credit use?
Biz2Credit currently partners with TD Bank as Biz2Credit is an online lender versus an actual bank.
Michelle Jackson

Written by: Michelle Jackson

Freelance Financial Writer and Online Business Coach

Michelle Jackson is the host of the podcast "Michelle is Money Hungry." Her goal is to transform people's financial lives through increased financial knowledge.

More about me

Reviewed by: Sarah Brooks

Personal Finance Writer and Editor

Sarah Brooks is a personal finance writer and editor with more than 10 years of experience. She specializes in personal and business loans, mortgages, auto loans, and credit cards.

Fact Checked by: Somer G. Anderson

Accounting and Finance Professor Ph.D., CPA, CGMA, CFE

Somer G. Anderson has been working in the accounting and finance industries for over 20 years as a financial statement auditor, a finance manager in a large healthcare organization, and a finance and accounting professor.