Biz2Credit Provided $10 Million Plus in Small Business Loans During 1st Quarter of 2011

New York, NY (PressExposure) April 19, 2011 -- Biz2Credit,(http://www.biz2credit.com), the #1 online credit resource for small businesses, arranged for $10 million in small business startup funding, refinancing during the 1st quarter of 2011. Earlier this year, Biz2Credit passed the $400M mark in loans arranged between lenders and small business borrowers. The pre-qualified leads Biz2Credit provides to financial institutions in its network conserve time and resources on both the borrowing and lending sides of the equation.

Among the deals Biz2Credit recently arranged are:

1. Refinance of a Radiology Practice in NYC: $2.7 million
2. Refinance of a Commercial Condo in Brooklyn: $ 1.73 million
3. Refinance of a Gas Station in Indiana: $370,000
4. Line of Credit for a Sports Medicine Practice in Brooklyn: $1.3 million
5. Line of Credit for a Not-for-Profit Developmental School in NYC: $1 million
6. Term Loan for Renovation and Improvements for Medical Practicein Brooklyn: $500,000
7. Equipment Financing for a Staffing Company in NYC: $150,000
8. Gas Station Financing in Illinois: $546,000
9. Gas Station Financing in Illinois: $641,000
10. Gas Station Financing in Indiana: $730,000

"Although credit has loosened a little bit and government encouragement through the Small Business Lending Fund has helped, it is by no means easy to secure capital," said Rohit Arora, CEO of Biz2Credit, one of the country's top experts on small business lending. "Biz2Credit connects borrowers with banks and non-bank lenders on a daily basis and processes more than 3,000 loan applications each month through our safe, efficient platform. The demand is out there. Our first quarter figures support that fact."

Additionally, Biz2credit recentlyannounced that entrepreneurs can now download the Equifax Business Credit Report on http://www.biz2credit.com. The report provides a view of a small business's credit health and enables them to see the information utilized by lenders to make credit risk decisions. Through this partnership, Equifax's extensive small business credit information will be incorporated into Biz2Credit's evaluation process, providing more business financing insight and options to entrepreneurs looking to start or grow their businesses. Small business owners gain a clear view of their business credit position when they are utilizing Biz2Credit's simple-to-use online lending platform.

About Biz2Credit LLC

Founded in 2007, Biz2Credit http://www.biz2credit.com connects small business owners with lenders and service providers to empower them to grow their enterprises. Biz2Credit matches borrowers with credit solutions based on online profiles that can be completed in less than five minutes in a safe, efficient, price-transparent environment. Its network consists of 50,000 users and 300+ lenders, as well as credit rating agencies such as Equifax, and major small business service providers including HP. Biz2Credit was ranked the top financing resource by Entrepreneur magazine in 2009. Having secured nearly $400 million in funding for small businesses throughout the U.S. and currently processing 3,000+ loan applications monthly, Biz2Credit is widely recognized as the #1 credit resource for small businesses.

Press Release Source: http://PressExposure.com/PR/Biz2Credit_LLC.html

Press Release Submitted On: April 19, 2011 at 4:34 am
This article has been viewed 19406 time(s).