New York, NY -- (SBWIRE) -- 05/18/2010 -- Biz2Credit LLC has launched the Small Business Credit Program, which helps qualifying small businesses secure up to $250,000 in loans at competitive rates from its preferred lender network.
Biz2Credit uses a cutting-edge technology to analyze a business’s credit worthiness, capital structure and financing priorities and then uses that information to match the business with lenders and loan products that meet its particular needs.
“It’s difficult for busy small business owners and entrepreneurs to do the legwork and find the information and resources that will keep them competitive in today’s uncertain economic climate,” said Biz2Credit CEO Rohit Arora. “Biz2Credit helps them do that with our easy-to-use online system that provides access to credit and financial services in a transparent, secure environment.”
Highlights of the Small Business Credit Program include:
• Access to loans of up to $250,000 at prime lending rates plus 1% to 8%.
• Free online BizAnalyzer service that calculates a business’s credit worthiness and financial strengths.
• Secure document storage and sharing tools and the ability to communicate directly with lenders.
• A range of services to choose from including the ability to work one-on-one with a Biz2Credit advisor.
• Quick turnaround time. A borrower’s credit score must be 700 or higher and the borrower must provide three months of bank statements. No other financials are required.
The new program is available to small businesses in New York, New Jersey and Connecticut that have been operational for two years or more. Biz2Credit preferred lender network includes large national banks, commercial and regional banks, SBA intermediaries, non-profits and microlenders.
“Our system takes much of the guesswork out of the complicated and often intimidating process of securing a small business loan,” Arora said. “We empower entrepreneurs to focus on running and growing their businesses, not cutting through red tape.”
Small business owners can register and submit a financing request for free at http://www.biz2credit.com.
About Biz2Credit
Biz2credit (www.biz2credit.com), a small business marketplace focusing on empowering small business entrepreneurs. Founded in 2006, Biz2credit is a small business marketplace that creates a competitive environment of service providers and lenders to empower the entrepreneur. The online platform matches entrepreneurs with credit solutions based on their business profile and preferences in a safe and price transparent environment. A patented technology used by over 75 major banks in US, credit rating agencies like D&B and major SMB players like Amex, HP, and Dell etc. Biz2Credit was ranked among 100 top emerging companies in US by KPMG in 2008 as well as no. 1 financing resource by Entrepreneur magazine. With over USD300 million in funding to over 5000 plus SMEs in US, we are the market leaders in the SME space. The company is headquartered in New York, NY.