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Biz2Credit Review: Pros, Cons, & How to Apply

Biz2Credit is an alternative lending marketplace that provides several loan offerings to meet your small business needs. In particular, the company specializes in commercial real estate loans.

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The lending marketplace is known for its quick application and fast funding times. But with so many small business lenders available today, it can be difficult to know which is the right one for your business.

This lender review will cover how Biz2Credit works, the available products, and the pros and cons so you can make an informed decision before applying. Specifically, we’ll answer these questions and more:

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    What is Biz2Credit?

    office, business, commercial real estate loans, working capital loans, term loans

    Biz2Credit is an online lending marketplace offering small business owners a quick application and fast funding. The company was established in 2007 and has since facilitated over $7 billion in funding to over 200,000 small businesses.

    The lending marketplace provides loans ranging from $25k – $6 million. Its loan offerings primarily focus on short-term financing, as the maximum term is 36 months. Biz2Credit offers four loan products:

    • Term loans: traditional business loans where you receive a large sum upfront and repay it plus interest in fixed monthly payments.
    • Commercial Real Estate loans: large sum loans used to purchase or upgrade real estate. You can also use the funds to refinance a commercial real estate loan.
    • Working Capital loans: revenue-based loans based on your business receipts and repaid via a fixed percentage of daily, weekly, or biweekly revenue.
    • Employee Retention Tax Credit (ERTC) loans: a new lending product where a small business can get an advance for a project ERTC from the IRS.

    How do Biz2Credit Loan products work?

    money, finance, term loans, working capital loans

    One of the benefits of Biz2Credit is that the lending marketplace provides multiple funding options. Biz2Credit is not a direct lender, but its wholly-owned subsidiary Itria Ventures LLC., is a licensed lender.

    Biz2Credit secures funding through either Itria Ventures or one of its lending partners in its network. The flexibility in funding sources helps Biz2Credit secure the appropriate loan for the applicant’s business.

    The application only takes 6 minutes to complete, but loans over $100,000 often have additional requirements. Approval and funding time vary by loan type. Each Biz2Credit loan product functions differently.

    Term Loans

    When most people think of a business loan, they think of term loans. It’s the most traditional business loan structure. Biz2Credit offers term loans between $25,000 and $250,000. Business owners receive 12-, 18-, 24-, or 36-month terms depending on the borrowing amount and their credit history. Biz2Credit approves term loan applications within 24 hours.

    Repayment schedules are weekly or bimonthly. Borrowers can use the funds for various operational needs or to free up cash flow. The interest paid on terms loans is potentially eligible for a tax deduction. Consult with your accountant or tax pro to determine when term loan interest is tax deductible.

    Commercial Real Estate (CRE) Loans

    The company’s largest funding amounts available are for CRE loans. You can get anywhere from $250,000 to $6 million to fund a commercial real estate acquisition, upgrade, or refinance a previous commercial real estate loan. It’s possible to receive approval and funding within 3 days, but it could take up to 30 days if there’s additional information required.

    The terms for CRE loans only go up to 36 months. It’s possible to make interest-only payments for the first 12 months to keep your payment low and free up cash flow. However, this often leads to balloon payments at the end of the loan to cover the principal.

    Working Capital Loans

    Biz2Credit’s working capital loan operates like a merchant cash advance. The available borrowing range is between $25,000 and $2 million, but the amount you receive depends on your business receipts. You’ll receive a determination within 24 hours and funding within 3 days if approved.

    Small business owners can use the funds for various working capital needs, such as making payroll, paying rent, or everyday business expenses. The loan is repaid with a fixed percentage of your revenue. Repayment occurs daily, weekly, or biweekly.

    Employee Retention Tax Credit (ETRC) Loans

    The ERTC is a tax credit available for businesses that retained employees during the Covid-19 pandemic. Companies waiting for their ERTC can apply for a loan for up to 65% of the ERTC’s value, not to exceed $500,000. ERTC loans are approved within 24 hours and funded within 72 hours. You can make interest-only payments for the first 12 months and standard payments after that.

    What are the costs of Biz2Credit?

    startup, meeting, business owners, small businesses, term loans

    Biz2Credit charges both interest and fees for its loan products.

    Interest Rates

    The interest rate you’ll receive largely depends on your credit history. Here are the starting interest rates for Biz2Credit loans.

    • Term loan APR: starts at 7.99%.
    • CRE loan APR: starts at 10%.
    • Working Capital loan: undisclosed simple interest rate based on sales receipts.
    • ERTC loan interest rate: undisclosed.


    • Underwriting fee between $250 and $450.
    • Origination fee based on the loan amount.

    Cost-Saving Feature: You can get a discount on your loan costs by connecting your business checking account to your profile during the application process.

    How do I qualify for a Biz2Credit Loan?

    checklist, qualificaitons, business owners, credit score, term loans

    Depending on the loan type, Biz2Credit has higher qualifications than similar lenders and lending products.

    For both the Term Loan and Commercial Real Estate Loan, the business owner needs the following:

    • A minimum credit score of 660.
    • At least 18 months in business (2 years+ preferred).
    • At least $250k in annual revenue.

    In addition, you must also already own a commercial property to qualify for the CRE loan.

    Qualifications for the Working Capital Loan are:

    • At least 6 months in business.
    • A minimum credit score of 540.
    • At least $250k in annual revenue.

    ERTC Loan qualifications are:

    • A pending IRS credit of $100k or more.
    • A minimum credit score of 660.
    • Must have been in operation since at least February 2020.

    How to apply for Biz2Credit:

    office, startup, business, term loans, credit score,

    Biz2Credit does not publish which documents you must supply when applying, but it would be best if you prepare the following:

    • Recent bank statements.
    • Recent business tax returns.
    • Current profit & loss statement.

    After you prepare your documents, follow these steps to complete a loan application.

    Step 1: Create a Business Profile

    You’ll need to create a business profile on the Biz2Credit website. The profile setup requires basic information about you and your business. Connecting your business bank account to the profile helps Biz2Credit analyze your financials when making a credit decision. In addition, you can get a discount for connecting your account.

    Step 2: Complete the Application

    Once you create your profile, you’ll upload any required documents to complete the application process. If applying for a CRE loan, you might need to include information about the property you hope to finance. For the ERTC loan, you must provide the IRS form 941 and Form 941-X for all quarters included in your ERTC filing.

    Step 3: Speak to a Funding Specialist

    This step is required for the CRE loan as you must speak with a commercial real estate loan expert.

    Step 4: Get a Decision

    You’ll get notified within 24 hours if you’re approved or not. You might need to confirm bank details if approved to ensure the money goes where it should.

    Step 5: Receive Funding

    You’ll most likely receive the funds in your account within 48 hours after approval. CRE loans may take longer.

    What are the advantages of Biz2Credit?

    entrepreneur, idea, competence, term loans, business owners

    Biz2Credit loans offer several benefits for small business owners. The lending marketplace provides several loan types to help match you to the right funding for your business.

    One of the main benefits is that the company provides commercial real estate mortgages of up to $6 million. Its interest rates and fees are competitive with similar lenders.

    The company also provides dedicated loan specialists for a personal touch to the lending process. Their experts can help you find the best loan structure for your needs.

    Signing up and applying for Biz2Credit is simple and quick. You get a discount for connecting your business checking account to your profile. Loan requests are usually approved within 24 hours, and funding is available within 48 hours of approval. The application process and fast funding time help small businesses in need of urgent funding.

    Another significant advantage is that Biz2Credit accepts businesses from all industries. Many lenders restrict high-risk industries like gambling businesses, but because of the company’s lending network, it will take on riskier and more volatile businesses.

    What are the disadvantages of Biz2Credit?

    sign, caution, warning, better business bureau

    You should be aware of the drawbacks to Biz2Credit before you apply. One of the most significant disadvantages of their loan products is the short repayment terms. The maximum loan term is only 36 months, which means you’ll have a higher monthly payment, especially for a large commercial real estate loan. SBA loans, for example, have terms of 25 years for CRE loans.

    While the costs are lower than similar short-term lenders, you will still pay more than you would with traditional bank loans. In addition, the lending marketplace’s fee structure is less transparent than it could be.

    The loan qualification requirements are higher than other alternative lenders. The term loan, CRE loan, and ERTC loan require a minimum credit score of 660. All products, including the working capital loan, require at least $250,000 in annual revenue. These requirements will exclude many small businesses.

    The company’s products are limited in North Dakota, South Dakota, Nevada, Rhode Island, and Vermont. While the application process is quick and easy for smaller loans, you might need to provide additional paperwork and documents for loans over $100,000.

    Another major concern is that the company has many negative reviews and a D rating with the Better Business Bureau (BBB). We should note that many complaints have to do with the complicated PPP loans, which are no longer in effect.

    Biz2Credit Pros & Cons

    pros, and, cons,


    • Quick and easy application with a fast turnaround on approval and funding.
    • Commercial real estate loans available for up to $6 million.
    • Multiple loan options to meet your business needs.
    • Provides dedicated funding specialists for a personal touch.
    • Accepts businesses from all industries.
    • Competitive pricing compared to similar short-term lenders.


    • Maximum loan terms only go to 36 months.
    • More expensive than traditional business loans.
    • Higher qualification requirements than other short-term lenders.
    • Lending products might not be available in some states.
    • More documentation and a longer process for loans over $100k.
    • Has a low BBB rating.

    Apply for business funding through United Capital Source today.

    Frequently Asked Questions

    Is Biz2Credit legit?

    finance, small business owners

    Yes, Biz2Credit is a legitimate lending platform. The company is based out of New York and has been operating since 2007. While it has a low rating on BBB, the company is mostly well-reviewed on other sites.

    What do Biz2Credit Reviews typically focus on?

    peer review

    The company’s online reviews and reputation are something of a mixed bag. While it is not accredited with the BBB, where it has a D rating, Biz2Credit has a 4.4 out of 5 rating on Consumer Affairs and a 4.6 rating on TrustPilot.

    Positive reviews praise customer service and call out funding specialists by name. Other clients commented that communication reminders helped them to stay on top of payments. Many customers stated they felt taken care of when working with the company, which helped them with their business.

    Negative reviews, especially on BBB, mentioned processing delays, and some customers complained they had to wait longer to receive approval. A significant concern is that several customers complained of funding delays and inadequate customer service to handle complaints and funding delay issues.

    As we mentioned, the negative reviews spiked during the PPP loan program. There has been a significant reduction in complaints since October 2021, but there are still processing delay complaints since then.

    Is Biz2Credit a direct lender?

    No, Biz2Credit is a lending marketplace, meaning the funding comes from one of the lenders in its network. However, one of the primary lenders is its wholly-owned subsidiary Itria Ventures LLC.

    Does Biz2Credit report to credit bureaus?

    credit, report

    Yes, Biz2Credit reports your business loan account activity to Equifax, Experian, and Transunion.

    What if Biz2Credit declines my loan request?

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    There are several reasons why Biz2Credit might reject a loan application. The company has high qualification standards, so your loan will be rejected if you don’t meet their credit score, time in business, or annual revenue requirements.

    Another reason it might turn down a loan application is if you don’t have the cash flow to support repayment. If you applied and are rejected, the denial letter should explain why. If not, or you need more information, you can call them to discuss.

    Don’t worry; plenty of lenders are available to meet your needs. Many offer term loans and working capital loans with lower qualification requirements.

    Other small business loans to consider include:

    Making Your Decision

    Biz2Credit is best for established businesses with strong revenue and high credit scores willing to pay more for fast funding. While the costs are lower than other short-term lenders, you’ll still pay more than a traditional loan. However, those loans often take longer to obtain – sometimes weeks longer compared to the 72-hour funding available with Biz2Credit.

    If you don’t have a good credit score, your business earns less than $250k, or you can afford to wait for funding, Biz2Credit isn’t the best option. We rate Biz2Credit at 4 out of 5 based on its loan products, costs, and user reviews.

    Disclaimer: The Biz2Credit trademark is owned by Biz2Credit Inc. and its use herein is for reference purposes only and it does not indicate sponsorship or endorsement from Biz2Credit Inc.

    Apply for business funding through United Capital Source today.

    Why Choose United Capital Source?

    Why businesses choose UCS:

    Quick funding options that won’t affect credit
    Access to 75+ lenders with multiple products to choose from
    Financing up to $5 million in as few as 3 days
    1500+ 5 star reviews from happy clients!

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        At UCS, we understand the value of your time and want to ensure that your application has a great chance of approval. Please take note of the following details before applying:
        • To be eligible, it’s necessary to have a business bank account with a well-established U.S. bank such as Chase, Wells Fargo, Bank of America, Citibank, or other major banks. Unfortunately, online-based bank accounts like PayPal, Chime, CashApp, etc., are not permitted.
        • When describing your current average monthly sales deposits to your business bank account, please provide accurate information. Our approval process is based on your current business performance, and it’s essential to provide accurate details about your current sales in the first question on the application form. We cannot approve applications based on projected revenues after receiving funding.
        We appreciate your understanding and cooperation in ensuring a smooth and successful application process.
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