Biz2Credit can help owners of small companies to secure business expansion financing and has enabled thousands of business to obtain startup loans, expansion loans and other types of funding. One loan application matches borrowers with our network of funding sources. Additionally, our team can help anyone who needs help managing cash flow and day to day operations.
Get easy access to cash when you need it
Biz2Credit facilitates business lines of credit for your operational needs so that you have ready access to cash when you need it. Funds can be used for a variety of purposes, from meeting short-term cash flow needs and adding staff to purchasing inventory.
In order to receive a business line of credit loan, you must have a history of profitable operations and demonstrate a positive cash flow. Maximum lines of credits are determined on a company's revenue and cash flow in the past, the present and in the future. Similar to credit cards, borrowers are approved for a designated amount of money and can borrow as much as they want as long as they repay their debts under the terms of the loan.
Acquiring a business line of credit can be a game-changer and is a prudent financing option for the following reasons:
1. Cushion Seasonal Sales Lows
Businesses with varying revenue streams need capital during slow periods to operate efficiently. For instance, retail stores flourish and generate much of their revenue during the holiday season, but need to stay financially afloat in the slower periods of the year. Predicting the degree of a seasonal downswing is difficult, making 'term loans' an impractical business financing solution. Fortunately, with a business line of credit, borrowers only have to pay interest on the amount used.
2. Ease Your Payment Cycle Cash Crunch
Businesses with long accounts receivables often experience cash shortages that impede business growth and depress service standards. A cash infusion can help solve these issues. For example, in the IT staffing industry, companies need to spend a lot of time (sometimes up to 30 days) and money upfront to recruit, train and deploy personnel. Generally, companies do not receive payment for 90 to 120 days. The company is forced to cut costs, like training programs, affecting the overall service level. Lines of credit backed by accounts receivables -- also known as accounts receivables financing or accounts receivables factoring -- can fund up to 90 percent of the receivables, depending on the creditworthiness of the business customer base.
3. Cost Savings Associated
Entrepreneurs can use business expansion loans to take advantage of discounts available through bulk purchases or cash advances. For example, wholesale distributors of wireless pre-paid phone cards need cash for buying minutes in bulk from telecom companies. Paying upfront can earn the distribution company a 3 to 5 percent discount on the cards. The need for working capital arises when retail customers pay the distributors over a period of 14 to 21 days. Using a business line of credit as working capital can directly improve a company's bottom line. Find out how you can get a loan to expand your business and contact a Biz2Credit consultant today by calling (212) 644-4555 or email firstname.lastname@example.org.
The customer service oscar had provided …
Thursday, March 30, 2017
The customer service oscar had provided was outstanding
As a paychex customer
Wednesday, March 29, 2017
As a paychex customer, we were referred to biz2credit for our short term funding needs. ron klayman was both resourceful and professional and helped meet our needs in a timely way.
Monday, March 27, 2017
I would like to give mr. ron jones the highest recommendation. he was extremely helpful and always available to answer any question or concerns. his number is 1 646-367-2905. thank you, dr. s. v. macagnone
Steve macagnone dc
Same day funding!
Monday, March 27, 2017
I was pretty skeptical obtaining funding from a source that is not a bank and i'm happy to say that my experience with biz2credit has been great so far. the process was very easy and all of my questions were appropriately and promptly answered. as More...
Perfect and timely
Saturday, March 25, 2017
Exceptional customer service and provided help outside of agreed services. love to work with gabe. thanks dc