Biz2Credit announces launching a new equipment loan product

Online, May 5, 2010 (Newswire.com) - Biz2Credit.com, the leading small business lending marketplace today launched a new equipment financing product for startups and established businesses. This launch further reinforces Biz2Credit's position as a top credit access point for small businesses.

In the past few days of launching this new product Biz2Credit has already processed over USD 500k in new equipment loan applications. The company is processing another USD 2 million in equipment loans. The minimum credit score requirement is 600 and deals are finalized within 24- 48 hrs.

The company also upgraded www.biz2credit.in with greater user-friendly design and new tools for SMB customers in India.

Ramit Arora , Co-founder and President of Biz2Credit stated," The new equipment loan product is helping a large number of our existing and new small business clients. Fast decision making combined with low interest rates is a big boon for small business looking for cost effective financing solutions. In one of the deals we got a start-up business loan to buy Dell equipment at a cost lower than what even Dell financing was offering."

He further added that in the coming months they are adding new credit products as well as offering these solutions to some of the largest companies in US to cater to their Small and Medium Business (SMB) clients.

About Biz2Credit:

Biz2Credit was founded in 2006 to provide education, credit fulfillment, and networking services to minority small business owners. We have over 75 banks in our network offering 140 products along with 30 national & international organizations. Biz2Credit has funded over 3,500 small business owners to a tune of USD 250 million since inception. Biz2Credit was selected by KPMG as one of the 100 hottest emerging private companies in the US; and was rated by Entrepreneur Magazine as the number 1 small business financing resource in United States. Our major focus is on small businesses in the Unites States, and in emerging markets like India, Brazil, and Mexico.
For More Information please contact Gabe at 2126444555 Ext 105 email: [email protected]