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.
"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