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Biz2Credit in New York, NY

4.5/5
Google rating from 2,714 reviews

Biz2Credit is a New York-based fintech platform that has facilitated over $8 billion in funding to 200,000+ businesses, offering term loans, revenue-based financing, business lines of credit, and commercial real estate loans with 60-second prequalification.

Data compiled from public sources · Google rating shown when a stored review count is available

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Biz2Credit Review

Biz2Credit Inc. is a fintech lending platform headquartered at 1 Penn Plaza, 49th Floor, New York, NY. Founded in 2007, the company has facilitated more than $8 billion in funding to over 200,000 businesses across the United States, making it one of the largest online business lending platforms by volume.

Biz2Credit offers four core financing products. Term loans range from $25,000 to over $2 million with decisions delivered within 24 hours. Revenue-based financing covers the same $25,000 to $2 million-plus range but uses business revenue rather than traditional creditworthiness as the primary qualification metric, requiring a minimum 575 credit score and $250,000 in annual revenue. Business lines of credit go up to $500,000 for flexible revolving access. Commercial real estate loans range from $250,000 to $6 million with up to 36 months of interest-only payments available.

The platform's standout feature is speed. Biz2Credit offers 60-second prequalification using a soft credit pull that does not impact the applicant's personal credit score. Full funding decisions are typically delivered within 24 hours. The prequalification process is designed to give borrowers a realistic sense of their options before committing to a full application.

Qualification requirements vary by product. Term loans require a minimum 650 credit score, 12 months in business, and $100,000 in annual revenue. Revenue-based financing has a lower credit threshold at 575 but requires higher revenue at $250,000 annually. Loans are originated by Itria Ventures LLC or Cross River Bank, meaning Biz2Credit operates as the technology platform and origination partner rather than a balance-sheet lender.

Biz2Credit maintains a 4.6 out of 5 rating on Trustpilot based on 14,815 reviews, which is an unusually strong score for a business lending platform. The company also operates a CPA Business Funding Portal, allowing accounting professionals to refer their clients and track applications.

Like most alternative business lenders, Biz2Credit does not publish APR ranges, interest rates, or fee schedules on its website. Borrowers must complete the prequalification process to receive specific pricing. Revenue-based financing costs can be particularly difficult to compare since they are structured as a percentage of future revenue rather than a traditional interest rate. The company has an affiliate program available for referral partners.

For business owners exploring financing options, the landscape includes several distinct products. Small business loans provide lump-sum working capital with fixed repayment terms, while a business line of credit offers flexible revolving access to funds as needed. SBA loans through government-backed programs offer the lowest rates but require longer approval timelines. For businesses with outstanding invoices, invoice factoring converts receivables into short-term cash access flow. Equipment financing allows companies to acquire machinery and technology with the equipment itself as collateral. A merchant cash advance provides business-funding profile details by purchasing a share of future sales, though typically at higher effective costs. Startups and newer businesses may find working capital loan options through alternative lenders with lower qualification requirements than traditional banks.

Services & Features

24-hour funding decisions on most products
60-second soft-pull prequalification online
Business lines of credit up to $500,000 with revolving access
CPA Business Funding Portal for accounting professionals
Commercial real estate loans from $250,000 to $6 million
Online application and account management portal
Revenue-based financing from $25,000 to $2 million+ tied to business revenue
Term loans from $25,000 to $2 million+ for working capital and growth

Feature Checklist

Mobile App
Online Portal

Pros & Cons

Pros

  • $8 billion funded across 200,000+ businesses since 2007 — one of the largest online business lending track records
  • Four products covering $25K to $6M: term loans, revenue-based financing, LOC, and commercial real estate
  • 60-second prequalification with soft credit pull — no impact on personal credit score
  • Revenue-based financing available at 575 credit score for businesses with $250K+ annual revenue
  • Commercial real estate loans up to $6 million with up to 36 months of interest-only payments
  • CPA Business Funding Portal allows accountants to refer clients and track applications

Cons

  • No APR, interest rate, or fee information published anywhere on the website — pricing only revealed after application
  • Revenue-based financing total cost is harder to calculate and compare than traditional interest rates
  • $250,000 minimum annual revenue for revenue-based financing excludes smaller businesses
  • Platform is not a direct lender — loans originated by Itria Ventures LLC or Cross River Bank
  • Commercial real estate loans have longer closing timelines than the 24-hour decision on other products

State Consumer Finance Context

This is state-level context for Business Loans consumers in New York, NY. It does not confirm that Biz2Credit or this specific location is licensed.

State regulator

New York Department of Financial Services

Consumer protection

New York Attorney General Consumer Frauds Bureau

Personal loan rules in New York

Status: Permitted

Rate context: 16% civil usury cap; licensed lenders may negotiate rates for certain loan types

Personal loans from licensed lenders are permitted. Unlicensed lenders are subject to the 16% civil usury cap unless a specific exemption applies. Rates above 16% are civil usury; rates above 25% are criminal usury.

Installment loan rules in New York

Status: Permitted

Rate context: 16% civil usury cap for unlicensed lenders; licensed lenders may negotiate rates under Banking Law

Installment loans are legal in New York. Licensed lenders have greater flexibility in rate negotiation; unlicensed lenders are subject to the 16% civil usury cap. Consumer Protection Act (Gen. Bus. Law Article 22-A) requires clear disclosure of all terms.

Key state rules to check

  • Payday lending is banned; civil usury cap of 16% and criminal usury cap of 25% make it illegal.
  • The Department of Financial Services actively enforces against online payday lenders targeting NY residents.
  • Licensed lenders under the Banking Law may charge rates agreed upon for certain loan types.

Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.

Frequently Asked Questions

What services does Biz2Credit offer?

Biz2Credit offers 8 services including Term loans from $25,000 to $2 million+ for working capital and growth, Revenue-based financing from $25,000 to $2 million+ tied to business revenue, Business lines of credit up to $500,000 with revolving access, Commercial real estate loans from $250,000 to $6 million, 60-second soft-pull prequalification online, and 3 more.

What profile signals are listed for Biz2Credit?

Biz2Credit has profile signals associated with Mid-size businesses with $100K-$250K+ annual revenue wanting fast 24-hour decisions on term loans or LOC, Business owners with 575+ credit seeking revenue-based financing alternatives to traditional loans, CRE investors needing $250K-$6M with interest-only payment options through an online platform.

What are the strengths and weaknesses of Biz2Credit?

Key strengths: $8 billion funded across 200,000+ businesses since 2007 — one of the largest online business lending track records; Four products covering $25K to $6M: term loans, revenue-based financing, LOC, and commercial real estate; 60-second prequalification with soft credit pull — no impact on personal credit score. Areas to consider: No APR, interest rate, or fee information published anywhere on the website — pricing only revealed after application; Revenue-based financing total cost is harder to calculate and compare than traditional interest rates.

How does Biz2Credit compare to similar companies?

In the Business Loans category, comparable providers include National Funding, OnDeck, Capdeck Business Loans. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.

Quick Facts

Founded
2007
Headquarters
New York, NY
BBB Accredited
No
Certifications
$8B+ funded to 200,000+ businesses 4.6/5 Trustpilot (14,815 reviews) Loans originated by Itria Ventures LLC or Cross River Bank
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CreditDoc Profile Note

Research Note on Biz2Credit

Biz2Credit is a strong fit for established businesses that want fast decisions and multiple product options through a single platform. The 60-second prequalification and 24-hour funding decisions are genuinely fast. The 575 credit minimum for RBF opens doors for borrowers who don't qualify for traditional term loans. However, zero published pricing and the platform/originator model mean borrowers can't compare costs without applying.

Profile Signals

  • Mid-size businesses with $100K-$250K+ annual revenue wanting fast 24-hour decisions on term loans or LOC
  • Business owners with 575+ credit seeking revenue-based financing alternatives to traditional loans
  • CRE investors needing $250K-$6M with interest-only payment options through an online platform
Updated 2026-04-29

Similar Companies

National Funding logo

National Funding

National Funding is a San Diego-based direct lender founded in 1999 that has provided over $4.5 billion to 75,000+ businesses, offering small business loans up to $500K and equipment financing up to $150K with 24-hour funding and no collateral required.

4.5/5

Google rating from 485 reviews

BBB: NR

Profile signals: Established small businesses needing fast $5K-$500K working capital without pledging collateral or facing prepayment penalties, Industry-specific businesses (construction, trucking, agriculture, medical) seeking equipment financing up to $150K with no down payment

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OnDeck logo

OnDeck

OnDeck is one of America's largest online small business lenders, a subsidiary of Enova International, offering term loans up to $400K and lines of credit up to $200K with provider-stated funding timing.

BBB: A+

Profile signals: Established small businesses (1+ year, $100K+ revenue, 625+ FICO) that need $5K-$400K fast and prioritize speed over lowest rate, Business owners who want unsecured revolving credit up to $200K with instant draws and no prepayment penalty

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C

Capdeck Business Loans

Review this provider profile and compare source-linked details before choosing what to do next.

BBB: NR
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Quick Summary

  • Biz2Credit is listed as a Business Loans provider in New York, NY on CreditDoc.
  • Use this page to check contact details, location, listed services, review signals, FAQs, and similar providers before deciding what to do next.
  • If you need a loan, account, installment option, credit help, or debt support, start with the fit quiz and compare alternatives before contacting a provider.
  • For broader context, continue into the free Credit Fundamentals course or a relevant financial wellness guide.

Next Steps

Find contact or location Check phone, address, map, and website availability. Check specific services See whether the provider lists the help you need. Review fit context Use the quiz to compare category, service, and public-rating fields. Compare alternatives Review similar providers before making contact. Improve your position What Is a Good Credit Score and Why Your Tier Matters (2026) Learn the basics Start the free Credit Fundamentals course.

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Financial Terms Explained (7 terms)

New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.

Interest & Rates

APR — Annual Percentage Rate

The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.

Why it matters

Lenders are required to show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the lower-cost loan.

Example

You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.

Interest Rate

The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.

Why it matters

Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.

Example

On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.

How Loans Work

Cosigner — Loan Cosigner

A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.

Why it matters

Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.

Example

A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.

Loan Term (Tenor) — Loan Term / Tenor

How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.

Why it matters

Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.

Example

Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.

Origination Fee — Loan Origination Fee

A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.

Why it matters

Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.

Example

You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.

Principal — Loan Principal

The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.

Why it matters

Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the one route to reduce your total cost and pay off a loan early.

Example

You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.

Underwriting — Loan Underwriting

The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.

Why it matters

Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.

Example

You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.

Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.

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