• FOUNDING YEAR: 2007
    LOCATION:
    United States
    REGION:
    NY
    Last Update:
    27 Jun, 2019
    Global presence:
    India
    Company priority:
    In fund-raising mode.

Description

FOCUS

PRODUCTS & SERVICES:
The company offers a range of loans such as SBA loans, traditional bank loans, business lines of credit, equipment financing, business acquisition loans, personal loans, commercial real estate loans, refinancing and merchant cash advances. It provides loans in the range of $5,000 to $5,000,0000 for SMEs.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
The company has clients from restaurants, hotels, motels such as Tulsi Restaurant, Corbett Aggregate Companies, Luxury Motors Credit, Fido's Cafe, etc.
EXISTING PARTNERSHIPS:
The company has over 1,300 lending partners, including Tata capital, TD Bank, Citigroup, Union Bank. Partnered with Tradeshift to streamlines the small-business loan application process. Partnered with credit rating agencies such as D&B, Equifax and others partners includes Paychex, CreditCard.com, Univision Communications Inc., Small Business Trends, Cpa.com, TaxSpanner, Busy Infotech.
COMMENT
Biz2Credit uses patented BizAnalyzer Score that enables lenders to process transactions with automated scorecards and also allows SME owners to review a personalized snapshot of their business health through the dashboard.

PEOPLE

NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Nexus Venture Partners, Direct Lending Investments
KEY EMPLOYEES:
Rohit Arora (CEO); Ramit Arora (President); Ravi Chamria(CTO); Robert Kleiber (COO); Michael Benjamin(CFO)

TRACTION

VALUATION / MARKET CAP:
$1.67 Billions in 2014
REVENUE COMMENT:
Viewable by subscribers only
TRANSACTIONS VALUE:
$1.6 Billions in 2017
TRANSACTIONS COMMENT:
Biz2Credit has arranged over $1.6 billion worth in financing to thousands of small- and mid-sized companies till date (Feb 2017).
ACTIVE USERS COMMENT:
Till date, the platform is used by 1.6 million users (Feb 2017).

MOMENTUM

FUNDED:
YES

LATEST RESEARCH