Frequently Asked Questions

Founded in 2007, Biz2Credit is a leading fintech company that helps small businesses get funding. We offer fast and flexible financing through our Revenue-Based Financing product. Because Biz2Credit is not a lender, all Revenue-Based Financing is done through Itria Ventures LLC (Itria Ventures), a wholly owned subsidiary of Biz2Credit. Term Loans are funded by Itria Ventures or Cross River Bank, a partner of Biz2Credit and a NJ state chartered FDIC insured bank Biz2Credit also makes other loans, such as SBA loans, through other banks

Since we started, we’ve helped more than 200,000 companies get over $8 billion total in commercial financing. Biz2Credit’s wholly-owned funding subsidiary, Itria Ventures, was the #7 lender in the Paycheck Protection Program (PPP) in 2021. Biz2Credit is highly-awarded for its online funding platform. We Fund What’s Next™ because we get small businesses.

Neither Biz2Credit nor Itria Ventures currently offers or issues SBA loans directly. However, as a leading fintech company, Biz2Credit has years of experience helping companies get SBA loans funded by participating lender banks. Participating lenders use Biz2Credit’s proprietary technology to issue SBA loans digitally to small businesses. Biz2Credit may assist clients from time to time in applying for SBA loans through these participating lenders. Availability is subject to qualifications and eligibility screening as conducted by Biz2Credit or its partners, including participating lenders.

Revenue-Based Financing is used by almost all of our customers. In Revenue-Based Financing, Biz2Credit is purchasing your future business receipts (Receivables) at a discount. Revenue-Based Financing agreements are repaid from an agreed percentage of your business receipts (Receivables) – and only from your business Receivables -- until the agreed sale price (Amount Sold) is reached. To ensure repayments are only made from your business receipts (Receivables), you have a right of true-up/reconciliation to ensure that payments are made only from Receivables.

No. Revenue-Based Financing is not a loan product, so there is no fixed term and no interest rate. This product is secured via a UCC lien on your company’s receivables and business assets and typically requires a personal performance guaranty from one or more owners of the business. You can find out more about Revenue-Based Financing here.

Once you create an account, you will get a Prequalification Estimateⓘ if you are eligible. This is an initial estimate of what you might get, subject to your completing an application, providing supporting financial documentation, and other terms and conditions.

Revenue-Based Financings are subject to eligibility criteria, other terms and conditions and a signed final financing agreement, and are made at the sole and final discretion of Itria Ventures LLC. A copy of a valid government-issued photo ID for all business owners is required prior to closing.

Only a small percentage of our customers are eligible for a Term Loan, due to stricter eligibility requirements. Once you submit your application, we will let you know if you are eligible for a Term Loan.

A Term Loan has an average term of 1-3 years and principal and interest are amortized and repaid on an agreed periodic basis. This product is secured via a UCC lien on your company’s business assets and typically requires a personal guaranty from one or more owners. You can find out more about our Term Loans here. Term Loans are subject to eligibility criteria, other terms and conditions and a signed final financing agreement, and are made at the sole and final discretion of the lender. A copy of a valid government-issued photo ID is required prior to funding.

Once you submit an application, you will be notified if you are eligible for a Term Loan. If you are eligible, you will be given a general idea of what you might get, subject to your completing an application, submitting supporting financial documentation, and other terms and conditions. The actual amount your business may qualify for depends on our detailed review of the information and documents you submit with your application and other relevant terms and conditions.

Biz2Credit also offers a CRE (Commercial Real Estate) Term Loan for companies that meet both the requirements for a Term Loan set out above and have commercial real estate that can be used to secure the loan. Biz2Credit also offers the Employee Retention Tax Credit Loan (ERTC Loan) which is a term loan with a unique repayment structure that is secured by a business’s anticipated Employee Retention Tax Credit.

An ERTC Loan is based on our standard Term Loan product, but has a number of other features. The product has an average term of 1-3 years and principal and interest are repaid on an agreed periodic basis. First, because the loan is also secured by the ERTC, payments are initially interest-only for the first year, or sooner if ERTC payments (ERTC Proceeds) are paid to you before then. The lender has certain remedies with respect to ERTC proceeds in the event of default. This product is secured via a UCC lien on your company’s business assets and typically requires a personal guaranty from one or more owners. You can find out more about our ERTC Term Loans here. ERTC Loans are subject to eligibility criteria, other terms and conditions and a signed final financing agreement, and are made at the sole and final discretion of the lender. A copy of a valid government-issued photo ID is required prior to funding.

A Commercial Real Estate (CRE) Loan is a Term Loan product secured by commercial real estate, and is available only if your company has commercial real estate assets that can be pledged to secure the loan. The agreement is assignable by Itria without consent of or notice to the borrower.

This is a simple process that should take minutes. You can visit any of our account sign-up pages, fill in the few required fields providing some basic information about your business and set up your account. You must have a valid email address to create your account.

As soon as you set up your account, you will get an initial estimate of the amount of Revenue-Based Financing your business could get (Prequalification Estimate), based on the account information you submitted. If you prequalify, you will need to submit additional documents to complete your application. Additional terms and conditions applyⓘ.

Yes. All applicants, whether or not they receive a Prequalification Estimate, must submit an application, supporting financial documentation and a copy of a valid government-issued picture identification card to be considered for commercial financing with Biz2Credit. A Prequalification Estimate is not equivalent to an offer for financing.

The online application is a simple process that should take minutes. From your Biz2Credit account you can start an application for funding by providing basic business information, some financial information to qualify your business, and the ownership structure of your company. Once you submit the application, you must also submit financial documentation that validates your application, including your recent business bank statements or transaction records, and a copy of a valid government-issued photo ID for all owners of the business.

We primarily offer two commercial financing products, Revenue-Based Financing and Term Loans. Most of our clients will apply for one or the other of these two products, based on their qualifications and business needs. Biz2Credit offers some other specialty financing products such as CRE Loans and ERTC Loans, although these are subject to special conditions and availability.

Biz2Credit is here to help small businesses get access to the funding they need to grow. The company works with a range of participating lenders to offer access to additional financing products not directly offered by Biz2Credit and Itria Ventures. The availability of additional products not funded by Itria is subject to availability and eligibility review by Biz2Credit and our partner lenders.

At present Itria Ventures services all Revenue-Based Financings, Term Loans (including ERTC Loans) and CRE Loans.

No. There are no fees of any kind for submitting an application, creating a Biz2Credit account, or using any business tools on our website, such as BizAnalyzer® Virtual CFO or the Financial Calculators.
Once your business is approved, there are fees associated with final closing of all of the financing options Biz2Credit offers. Those fees are withheld from the proceeds at closing and will be specified in the financing agreement signed by the customer.

The only fees you ever pay is if a financing transaction closes, i.e., if you receive funding following a valid accepted financing offer. The fees charged depend on the particular commercial financing involved. A detailed summary of pricing and material terms are set out on the first page of each financing agreement.

The pricing and other terms and conditions depend on the particular commercial financing involved and the creditworthiness of the applicant. A detailed summary of pricing and other material terms are set out on the first page of each financing agreement.

Security is a top priority at Biz2Credit. An experienced team of software engineers, other software professionals, quality analysts, and security experts oversee all web security on the Biz2Credit funding platform. However, no internet website is immune from hacking and other intrusions beyond its reasonable control.

The easiest way to contact Biz2Credit is by phone at (800) 200-5678 (Toll Free) Monday to Friday 8a – 7pm ET or by email at info@www.biz2credit.com.
Once you create your Biz2Credit account, you will also receive contact options on your Biz2Credit Dashboard. If you are applying for financing, you may be assigned to work with a funding specialist whose information will be listed on this Dashboard in case you need to reach out.