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.
"Vamsi Yaramaka, owner of a group of gas stations in PA, secured quick funding through Biz2Credit for business expansion. Timely funding helped him revamp his business to meet growing customer demands."
"I had a backlog of work for the past 4-5 years," said Angel. "The jobs weren't breaking. With that the cash flow slowed down and I fell behind on my bills."
Arco Electrical Contractors
Navneet got in touch with the funding specialists at Biz2Credit and worked with his case manager to understand the best way to secure inventory financing. His case manager was able to get him an offer the next day.