Company News: Page (1) of 1 - 12/27/12

Biz2Credit Reaches $800 Million in Small Business Funding, Moves and Expands New York Headquarters

 

December 27, 2012 --

New York, NY (PRWEB) December 27, 2012

Biz2Credit (http://www.biz2credit.com), the #1 online resource for small business finance, today announced that it has reached $800 million in funding for small- and mid-sized businesses since its inception. Further, Biz2Credit has expanded at a growth rate of 200 percent in 2012, increased its global staff to 100.

Additionally, Biz2Credit has moved its headquarters to a 5,000 sq. foot office located at 333 Seventh Avenue, 18th floor, New York, NY, from its previous location at 121 W. 27th St, which was 1,800 sq. feet.

Biz2Credit connects borrowers with banks and non-bank lenders on a daily basis through our safe, efficient platform. The demand is out there. Our figures support that fact, said Rohit Arora, CEO of Biz2Credit, one of the countrys top experts on small business lending. Although credit has loosened since the darkest days of the Great Recession, it is by no means easy for small business owners to secure capital while banks and other traditional lenders still approve less than 50 percent of loan applications,


During 2012, Biz2Credit solidified a number of partnerships that led to the company's growth. Partners include the National Association of Federal Credit Unions (NAFCU), Microsoft, Paychex, and Borro, and hundreds of lenders. Throughout 2012, Biz2Credit CEO Rohit Arora has met with business and government leaders -- including the Federal Reserve, SBA, and the President's Council of Economic Advisers -- to discuss ways to spur small business growth. The agencies regularly follow Biz2Credit's monthly Small Business Lending Index, which tracks small business loan approval rates from big banks, regional banks, credit unions, and alternative lenders.

About Biz2Credit
Founded in 2007, Biz2Credit is a leading credit marketplace connecting small- and medium-sized businesses with lenders, service providers, and complementary business tools. The company matches borrowers to financial institutions based on each businesss unique profile -- completed in less than four minutes -- in a safe, efficient, price-transparent environment. Biz2Credits network consists of 1.6 million users, 1,100+ lenders, credit rating agencies such as D&B and Equifax, and small business service providers including CPAs and lawyers. Having arranged $800 million in funding throughout the U.S., Biz2Credit is widely recognized as the #1 online credit resource for small businesses.

Read the full story at http://www.prweb.com/releases/smallbusiness/lending/prweb10275328.htm.

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Source:PRWEB.COM Newswire. All Rights Reserved

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