An entrepreneur owns and operates an IT solutions company in New York. The IT support company is looking to expand the 5-year-old operation nationally.
The IT services company needed money to expand the existing office and service a larger client base. Restricted to funding the expansion through internal accruals, the owner needed a less expensive and faster solution.
After reviewing the business and personal financials of the entrepreneur, Biz2Credit suggested using an unsecure line of credit against strength of the business, personal credit and net worth of the owner. Biz2credit found a bank product that based the line of credit on the business goodwill and personal net worth of the owner. Best of all, the product required minimal paperwork.
Biz2credit found a bank product that based the line of credit on the business goodwill and personal net worth of the owner. Best of all, the product required minimal paperwork.
"Biz2Credit was the biggest, biggest part of my success here. Biz2Credit came in like a lifesaver," she said
"I'd give Biz2Credit a 15 out of 10. Joe, my funding specialist, does a great job. He's always on point and really understands my business. Every time I've worked with him he's come through for me in a big way
"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