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Biz2Credit Review

Donna Fuscaldo
Donna Fuscaldo
Senior Finance Writer
Business News Daily Staff
Updated Aug 24, 2022
  • Marketplace lenders match business borrowers with lenders, ensuring they get access to the funding that meets their unique needs.
  • Select a marketplace vendor that offers a variety of loan options and flexible terms.
  • We chose Biz2Credit as the best lender for marketplace loans because of its wide variety of loan options and terms.
  • This review is for small business owners who are thinking about applying for a loan from Biz2Credit. 

Choices abound when you work with Biz2Credit, a veteran marketplace lender. Biz2Credit has arranged more than $7 billion in small business funding since launching in 2007. This lender matches you with the best funding source to meet your unique needs. Borrowers also get a hands-on approach, as Biz2Credit has funding specialists who can help you figure out what loan is best for you. You can borrow as much as $6 million, depending on the loan type. This lender not only has a vast partner network but also offers transparent pricing and speedy funding. For these reasons, Biz2Credit is our choice for the best marketplace lender.

Biz2Credit Review


The Verdict

Biz2Credit provides a variety of financing types, flexible repayment plans and transparent pricing. Whether you need a $25,000 term loan or a $5 million commercial real estate loan, Biz2Credit has a product for you.

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Online application2.0
Quick funding0.5
Credit requirements1.0
Variety of loan types2.0
Editor’s score7.5


Biz2Credit is transparent about the rates and terms of its loans. Term loan rates start at 8.99% but can go higher depending on your credit score. To be approved for a term loan from this lender, you’ll need a credit score of at least 660, which is higher than some lenders, such as Balboa Capital, require. However, Biz2Credit does keep interest rates lower.

We like that Biz2Credit charges simple interest, which means the interest doesn’t compound, making it cheaper over the life of the loan. Biz2Credit is one of the few lenders we reviewed to offer simple-interest loans.

One additional cost is a $250 origination fee. However, you can get a discount by linking your business checking account during the application process, similar to Fundbox’s discount. This gives Biz2Credit a closer look at your business’s finances to ensure you will be in a good position to pay back the loan.

Applying for a Loan

Biz2Credit offers a variety of loan options, including working capital, term and commercial real estate loans. Biz2Credit’s online loan application takes less than a minute to fill out. You’re then prompted to upload your documentation and then submit your application. You usually get a decision within 24 hours and funding in about three days.

To get approved for a Biz2Credit term loan, you need to have been up and running for at least 18 months, annual sales of at least $250,000 and a credit score of 660 or above. If you are just starting out or have less than $250,000 in annual sales, this lender isn’t for you.

For Biz2Credit’s working capital loan, you need to have been in business for only six months, but you still need annual sales of at least $250,000. The credit score requirement of 575 is lower than that for a term loan. The commercial real estate loan requirements include being in business for at least 18 months, a credit score of at least 660 and annual sales of at least $250,000.

Biz2Credit offers access to loan specialists who can help you choose the right loan product for you. With so many loan options to choose from, having this type of guidance can be very beneficial to small business owners who need capital.

Applying for a loan from Biz2Credit is a simple four-step process.

Loan Terms

Terms on Biz2Credit loans range from 12 to 36 months on amounts of $25,000 to $250,000.

Biz2Credit business term loans are unsecured, which means you don’t have to provide collateral. However, this lender does require a personal guarantee, which means you’re personally liable if your business defaults on the loan.

Payments for Biz2Credit’s working capital loans can be daily, weekly or biweekly and come from your business receipts. Biz2Credit can approve a working capital loan application in 24 hours and fund the loan within 72 hours.

With this lender’s commercial real estate loans, you can borrow between $250,000 and $6 million. Money from this type of loan must be used for real estate purchases. The interest rates on these loans start at 10%, and business owners can qualify in 48 hours. Terms on the loans range from 12 months to 36 months.

Did you know?Did you know? Marketplace lenders are attractive to business owners because borrowers can look at a variety of loan terms and costs to find the options that are right for them.

Helpful Tips

The Biz2Credit website doesn’t list the documents that are required to apply for a loan, but it’s smart to have your paperwork at the ready, including business bank statements, tax information, proof of business ownership and a government-issued ID.

Biz2Credit has a plethora of online tools and resources, including calculators to help you choose the right loan product. Biz2Credit also has a tool called Virtual CFO, which analyzes your financial data to provide actionable advice; it’s a nice feature that the other online lenders we reviewed don’t offer.

TipTip: Before you apply for a loan with Biz2Credit, check your credit score. If it’s under 660, take actions to improve it before applying. Remember: The better your credit score is, the lower your interest rate will be.

Biz2Credit Features

Variety of loan amountsBiz2Credit offers several types of loans ranging from $25,000 to $6 million.
Transparent pricing This lender charges simple interest.
Competitive rates Biz2Credit offers competitive rates and discounts on its business loans.

Variety of Loan Amounts

Biz2Credit offers working capital, term and commercial real estate loans ranging from $25,000 to $6 million. This type of flexibility is nice because it gives you numerous options and ensures you can get the best loan for your needs.

Transparent Pricing

We like that Biz2Credit is very transparent about its pricing and uses simple interest, which is cheaper than compounding interest. In addition, Biz2Credit has an online calculator that allows you to set funding options, interest rates and repayment terms to get a good idea of how much your loan will cost.

Competitive Rates

In addition to its competitive rates, Biz2Credit offers a discount on your loan if you link your bank account during the application process.

Key TakeawayKey takeaway: Biz2Credit is very transparent about its pricing and charges simple interest, which can save you money.

Customer Service

You can reach the Biz2Credit customer support team via email and phone during business hours. In addition, you can find a ton of resources on the company’s website, including a webpage devoted to navigating the COVID-19 pandemic. Biz2Credit has a good reputation in the industry, sporting an A+ rating with the Better Business Bureau. It also has more than 1,600 positive reviews on Trustpilot.

Biz2Credit offers working capital, term and real estate loans.


Biz2Credit is a great term loan option for most small business owners, but it does have some drawbacks. First, the requirements to have $250,000 in annual sales and a credit score of at least 660 will preclude some business owners from getting a loan with Biz2Credit.

In addition, the loan terms max out at 36 months, which may give some business owners pause, especially if they are using the money for an expensive asset and want to spread out payments.

We also wish Biz2Credit would be more forthcoming on its website about the documentation required for the loan. Many small business owners are juggling many roles, and making a phone call to find out this information is an extra step.


Biz2Credit’s wide range of loan amounts, flexible terms and transparent pricing make it our best pick for marketplace lender.

We recommend Biz2Credit for:

  • Businesses that have solid credit scores and robust annual sales and want choices for loan products and terms
  • Borrowers who want assistance in navigating the loan process

We DON’T recommend Biz2Credit for:

  • Those who need same-day funding
  • Business owners with credit scores below 660 or less than $250,000 in sales
Biz2Credit Review


The Verdict

Biz2Credit provides a variety of financing types, flexible repayment plans and transparent pricing. Whether you need a $25,000 term loan or a $5 million commercial real estate loan, Biz2Credit has a product for you.

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Donna Fuscaldo
Donna Fuscaldo
Business News Daily Staff
Donna Fuscaldo is a senior finance writer at and has more than two decades of experience writing about business borrowing, funding, and investing for publications including the Wall Street Journal, Dow Jones Newswires, Bankrate, Investopedia, Motley Fool, and Most recently she was a senior contributor at Forbes covering the intersection of money and technology before joining Donna has carved out a name for herself in the finance and small business markets, writing hundreds of business articles offering advice, insightful analysis, and groundbreaking coverage. Her areas of focus at include business loans, accounting, and retirement benefits.