Biz2Credit Business Line of Credit
What Biz2Credit publishes: "Access up to $500,000 in a business line of credit and take funds when you want. Only pay on the amount you draw."
No APR, interest rate or fee schedule is published for the line of credit on biz2credit.com. Early payoff: 'If you pay off a Line of Credit Draw early you will be responsible for all unpaid interest expenses as stated in the loan agreement.'
The rate you are offered is set by Biz2Credit after you apply on its site. It depends on your credit history, income, loan amount and term, and may be higher than the lowest rate shown here.
| Loan amount | up to $500,000 |
| Term | 12 months |
| Rate type | See lender |
| Funding speed | prequalify in 60 seconds; Get A Decision as Fast as 24 hours |
| Origination fee | Not stated |
| Prepayment penalty | Yes |
| Late fee | Not stated |
| Minimum credit score | 650 |
| States | not available in AR, CT, FL, MA, MI, MN, MT, NV, NC, ND, OH, PA, PR, RI, SD, TN, TX, VT (available in the remaining states and DC per site list: AL, AK, AZ, CA, DE, DC, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MS, MO, NE, NH, NJ, NM, OR, SC, UT, VA, WA, WV, WI, WY plus others not on the homepage list) |
| Membership | Not required |
"FICO scores for the majority owner of the business should be 650 or above, average business revenue should be a minimum of $250,000 per year based on the last six months of revenue, and the company must be in business for at least 12 months at the time of applying for funding."
- Funding: prequalify in 60 seconds; Get A Decision as Fast as 24 hours
- Borrow up to $500,000
| Legal name | Biz2Credit Inc. (loans made by Itria Ventures LLC or Cross River Bank, Member FDIC) |
| Type | Online lender |
| Website | https://www.biz2credit.com |
Other Biz2Credit offers on Banrox: Biz2Credit Term Loan, Biz2Credit Revenue-Based Financing.
Third-party lenders
Loan offers are provided by third-party lenders. Banrox is a technology company and is not a lender. Banrox does not take loan applications, make credit decisions or fund loans.
Compensation
Banrox may receive compensation from some lenders when you click or apply through links on this page. Compensation does not affect the rates shown, which are taken from each lender's public website as of the date displayed.
Rates and estimates
Rates, amounts, terms and fees are shown as published on the lender's website on the date marked above and may change without notice. The payment estimate uses the lowest APR the lender publishes and excludes origination and other fees; the lender's own disclosure governs. Nothing on this page is an offer, a rate quote or a commitment to lend.
