BWI: U.S.-Based Biz2Credit Forays into India

Press release from Business Wire India
Source: Biz2Credit
Tuesday, September 06, 2011 05:24 PM IST (11:54 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Information technology; Technology
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U.S.-Based Biz2Credit Forays into India
Top Online Credit Resource Now Available to Start ups and Expanding Businesses in India

New Delhi, Delhi, India, Tuesday, September 06, 2011 -- (Business Wire India) -- Biz2credit.com, the top online small business loan marketplace in the U.S., has forayed into the Indian market by launching its Indian website www.biz2credit.in. The platform is an innovative module for all the capital requirements of small businesses.

Biz2credit is a name to be reckoned with the financial services space in the United States. Founded in 2007, it connects small business owners with lenders and service providers, empowering them to effectively grow their enterprises. Biz2Credit matches small businesses with credit solutions based on online profiles that can be completed in less than five minutes in a safe, efficient, price-transparent environment.

"India is an important demographic for us. It is the world's second largest population and contains countless small- and medium-sized businesses (SMEs), which contribute more than 60 percent to the Indian economy," said Mr. Ramit Arora, President, Biz2Credit. "SMEs are the drivers of innovation and competition in the economy, and lack of sufficient capital may hamper the growth process. Biz2Credit demystifies and streamlines the loan application process, saves entrepreneurs time, and finds the best deals on loans, lines of credit and other forms of financing." In India we have tied up with Magna Bank, Saraswat bank an in talks with a few other S& M Banks to help our business grow.

In just four years' time, Biz2Credit has enabled more than 6,000 small business owners in the U.S. to secure $400 million in funding.

Mr. Arora, co-honoree as "New York City's Top Entrepreneur of 2011" by the prestigious Crain's New York Business magazine, explains that applying for a loan is a time-consuming, costly, and intimidating process and there is no guarantee of getting the approval.

"Entrepreneurs often resort to using personal credit cards, home equity lines or their own savings to fund businesses when there are much better options," Mr. Arora added. "Credit cards charge high interest rates and tapping into home equity lines can hurt your credit rating. Biz2credit helps connect entrepreneurs with various sources of capital and other services to find the best deals and help them grow.

The U.S. entity, Biz2credit.com's network consists of more than 1.6 million users, 400 lenders, credit rating agencies such as Equifax and Dun & Bradstreet, brokers such as BizBuySell.com, and major small business service providers such as HP and American Express. The company's major focus is on helping small businesses in the Unites States, and in emerging markets like India, Brazil, and Mexico.

Biz2Credit also offers varying levels of subscription services that include phone support and case management to assist borrowers through the entire lending process starting with the initial application form and ending on the day the loan closes.

For more information about Biz2Credit's services in India, contact info@biz2credit.in or call. 212-644-455

About Biz2Credit

Founded in 2007, Biz2Credit 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 1.6 million users and 400 lenders, as well as credit rating agencies such as Equifax, and major small business service providers including American Express and 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.


CONTACT DETAILS
Priyanka Sachdeva, Value 360 Communications - An Affiliate of Huntsworth, +91 9811489979, priyanka.sachdeva@value360india.com

KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, IT, TECHNOLOGY

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