Biz2Credit is a leading online credit source providing small businesses with fast access to credit. The company offers direct loan funding to new small businesses which are established for less than six months. This is in contrast to traditional loans which require a longer period of business and financial history to show the lenders that your company has a sound cash flow and can be relied upon for future financial support. Biz2Credit's requirements and terms of repayment are designed to fit the needs of these fast-growing companies.
When applying for a Biz2Credit loan you will be required to supply details relating to your company, your past and present financial and business history. These will include loan balance, annual operating costs, capital cost estimates and cash flow forecasts. You will also be required to provide proof of your personal credit rating. If you have not previously applied for this loan facility, you will be required to complete a credit application form which takes around 2 minutes to complete.
Once your application has been assessed you will be provided with an application to either accept or deny. If you choose to proceed with the funding, your funding will be sent directly to your chosen lender. Depending on the nature of the business and the level of risk involved in funding a small business, there may be additional requirements to be fulfilled before your loan is approved. Additional pre-approval documentation may be required from your bank or building society before your loan is fully approved.
Biz2Credit offers funding for a wide range of purposes including equipment and furniture, land and development, and advertising and marketing. These loans are available to companies of all sizes. There are no credit checks for companies who are new to business. This means that if you have never borrowed or paid back money then you can still get the financing that you need. The simple application process means that anyone can apply for funding.
To apply for your Biz2Credit loan you will need to complete one quick application online. You will not need to fax any supporting documents as the application can be completed online. You will not need to provide any collateral either – if you're a tenant you can still get the loan. This loan is not dependent on your personal circumstances, so whether you're a new company or you have a bad past you can still get the finance that you require. Funding is normally available within twenty-four hours of filling out the application form.
Biz2Credit offer flexible repayment terms, so you can spread the cost of the loan over a long period of time, spread across the months, or spread it across the year. You can choose to pay off the loan early or let the amount to build up, taking advantage of the lower monthly repayments when you reach the end of the loan term. No penalties are applied if you repay earlier than the specified time. Borrowing from Biz2Credit gives small business owners the opportunity to obtain essential funding for their business without over-stressing themselves financially.
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