An entrepreneur owns an IT consulting company in New York that earned $700,000 in 2007. The business owner has recently moved to the United States from India.
An entrepreneur owns an IT consulting company in New York that earned $700,000 in 2007...
The owner needed $100,000 to service new projects. In the past, the entrepreneur self-funded expansion plans, but lengthening payment cycles created serious cash flow shortages. As a new immigrant to the US, the owner did not have a well-established personal credit history or trade lines, restricting access to debt financing.
After reviewing the business and personal financials of the entrepreneur, Biz2Credit helped the company to build their business credit with D&B (Duns and Bradstreet) and open new trade lines. Additionally, Biz2credit located a bank product that based the line of credit on the business goodwill and accounts receivables. Biz2Credit presented the case as a full doc to the lender with supporting financials like accounts receivables aging statement to strengthen the company's creditworthiness.
As Deepak said, "The speed was exceptional. I was able to get a loan in 24 hours, and I took ownership of the business the very next day."
"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