NEW YORK, NY (Press Release – September 13, 2011) – Biz2Credit, a pioneer in the use of technology to secure start-up and expansion capital, today joined the Startup America Partnership (SUAP) as a participant to support new business ventures and entrepreneurs.
Since 2000, venture capital funding of U.S. startups has tumbled from $100 billion to $20 billion. Since the 2008 financial crisis, the volume of loans to small- and medium-size businesses in America has dropped from $712 Billion to $610 Billion (source FDIC). Biz2Credit addresses a fundamental funding need for entrepreneurs and startups by offering a rapid process to score credit applications and offer lending from lenders around America.
“The Startup America Partnership is helping young companies achieve the high growth they’re focused on,” said Scott Case, CEO of the Startup America Partnership. “These job-creating firms can now secure business loans to invest in their growth through Biz2Credit’s online platform.”
Biz2Credit joins Startup America Partnership corporations such as American Express, Cisco, Ernst & Young, Facebook, Google, HP, Intuit, Intel, LinkedIn, and Microsoft in promoting innovation and entrepreneurship. Launched in January 2011 by the White House, Startup America enlists private sector partners to help accelerate high-growth entrepreneurs across the country, create jobs, and stimulate economic growth.
“We are proud to join Startup America as a Partner and offer our expertise at securing capital for startups and other high growth companies,” said Rohit Arora, Biz2Credit co-founder and CEO. “Our online platform has helped more than 6,000 small companies get business loans totaling $400 million in just four years’ time. By joining Startup America, we can offer the power of technology to help entrepreneurs get the funding they need to launch and grow their businesses at all stages of development.”
As a Startup America partner, Biz2Credit offers SUAP small business member firms:
• Free registration in less than five minutes
• Three months of Biz2Credit’s Premium Membership plan, which includes case management support, the ability to post a loan application and view unlimited lender matches, 5 GB of document storage space, and real-time updates on financial product matches
• 50% discounts on Equifax credit reports that enable small business owners to gain a clear view of their business credit position
• Access to Biz2Credit’s proprietary BizAnalyzer Tool, a financial check-up for small business owners that utilizes data from credit rating agencies Equifax and D&B. BizAnalyzer streamlines the loan application process by enabling potential lenders to easily download and review a small business’s credit scores and benchmark them against the lending criteria of 400 financial institutions. It generates an overall assessment of the level of risk of a business using five criteria: Personal Credit Score, Debt-to-Income Ratio, Time in Business, Industry Risk, and Corporate Risk. The tool also can recommend products and services to help increase small business owners’ credit scores and improve the odds of securing funding.
For more information about Biz2Credit’s Startup America Partnership offering, email info@Biz2Credit.com with “Startup America” in the subject line.
About Startup America Partnership
The Startup America Partnership is a movement — by entrepreneurs, for entrepreneurs — to help inspire and celebrate entrepreneurs, their firms and the people that join them. Launched January 31st at the White House in response to President Obama’s call to celebrate, inspire, and accelerate high-growth entrepreneurship throughout the nation, the Partnership is bringing together an alliance of major corporations, funders, service providers, mentors and advisors working to dramatically increase the prevalence and success of high-growth enterprises in the U.S. AOL co-founder Steve Case chairs the partnership and the Kauffman and Case Foundations are founding partners, providing initial funding and strategic guidance. For more information, visit http://www.startupamericapartnership.org and follow at http://www.twitter.com/startupamerica and http://www.facebook.com/startupamerica.
Founded in 2007, Biz2Credit connects small business owners with lenders and service providers to empower them to grow their enterprises. The company matches borrowers with financial institutions based on online profiles that can be completed in less than five minutes in a safe, efficient, price-transparent environment. Biz2Credit’s network consists of 1.6 million users, 400 lenders, credit rating agencies such as D&B and Equifax, and small business service providers including HP. Having secured $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.