An entrepreneur owns and operates a driving school in Queens, New York. The 12-year-old school provides training for a large number of immigrants in the New York area. With the immigrant population increasing and demand for driving education rising, the entrepreneur is opening a new office in New Jersey.
In need of financing to expand the enterprise, the entrepreneur wanted a quick and economical source of funding to open the new office.
Biz2Credit reviewed the business needs as well as the personal financial statement of the entrepreneur. Based on the estimated value of the company and two multifamily property units owned by the entrepreneur, Biz2Credit recommended taking an unsecured a line of credit. This reduced the required paperwork and accelerated the funding process. The line of credit would be issued against the goodwill of entrepreneur, his two multifamily units, his personal standing and the strength of the business.
The line of credit would be issued against the goodwill of entrepreneur, his two multifamily units, his personal standing and the strength of the business.
"The turnaround time for funding was quick with Biz2Credit," Raza told us. "As soon as they got our information we had a decision - there was no waiting period like I experienced with other lenders."
Raza and David Bolos
"Dr. Gautam came across Biz2Credit after seeing multiple TV commercials and figured he'd give it a shot. After submitting the application and speaking with his Case Manager, he was funded $350,000 within 48 hours."
Dr. Ravindra Gautam
"Biz2Credit saved the day and 48 hours later, I had the keys to my new fitness studio in my hand," said Zadeh. "I don't know how Joe did what he did for me, but I'm thankful for his help. He even got me an easy repaymen