October 10, 2015
Innovative Resource Connects Small Businesses to Financing Options
Biz2Credit’s cloud-based platform gives entrepreneurs and small business owners access to a network of more than 1,300 prescreened lenders. Financing, which ranges from $5,000 to $5 million, can be arranged in as little as 24 hours for lines of credit, expansion loans, working capital and other uses.
Biz2Credit is part of a modern lending movement that is using technology to transform how small and midsize businesses obtain capital, said Erik Asgeirsson, president and CEO of CPA.com, a subsidiary of the American Institute of CPAs. These lending platforms leverage real-time business data to drive better lending decisions and improve access to capital for small businesses. We know CPAs play a critical role in financing decisions for their clients. Through our partnership with Biz2Credit, CPA firms will be able to provide even more support to clients and leverage the service for their own financing needs, too.
While small business financing has eased since the recession, many companies still report problems in getting loans fully funded, according to a recent Federal Reserve study. Because Biz2Credit draws on such a large pool of potential lenders, it increases the odds of success for qualified applicants.
Our relationship with CPA.com recognizes that CPAs are key partners for small businesses and startups, and that they play a significant role in lending decisions, said Rohit Arora, co-founder and CEO of Biz2Credit. The average small business owner spends 24 hours preparing and processing a loan application, and we think that’s time better spent building the business. Our application takes four minutes or less to fill out using a smartphone, tablet or laptop.
Biz2Credit will become part of CPA.com’s Partner Solutions, a lineup of best-in-class services that CPA firms can offer clients seeking business efficiency, flexibility and better financial insight into their operations. For CPAs, these services can lead to new lines of business outside the traditional tax and audit areas
Biz2Credit uses state-of-the-art encryption and other cybersecurity best practices to keep data safe.
For more information, visit.
CPA.com empowers CPAs and businesses for the digital age.
The company offers a growing list of digital products and services that help firms succeed in practice management, client advisory services and professional development. We call it ‘The power of smart business.’
CPA.com is a subsidiary of the American Institute of CPAs, the world's largest member organization representing the accounting profession, and operates such leading websites as the AICPA Store, AICPA.org and IFRS.com.
The company has its headquarters in New York City and offices in Silicon Valley, Calif., Dexter, Mich., and Durham, N.C. For more information, visit.
Founded in 2007, Biz2Credit has arranged more than $1.2 billion in small business funding throughout the U.S. and is widely recognized as the leading online resource for small business lending. Using the latest technology, Biz2Credit matches borrowers to financial institutions based on each company's unique profile – in a safe, efficient and price-transparent environment. Biz2Credit’s network consists of 1.6 million users, credit rating agencies such as D&B and Equifax, and small business service providers including CPAs and lawyers. Visit , follow on Twitter @Biz2Credit, and Facebook at www.facebook.com/biz2credit.