Biz2Credit, which provides internet-based small business funding, has partnered with AccountantsWorld to provide its solution directly through the accounting software maker’s platform.
Through Biz2Credit’s online lending platform, small business owners have access to a network of pre-screened lenders. Financing, which ranges from $5,000 to $5 million, can be arranged, sometimes within 24 hours, for lines of credit, expansion loans, working capital and other uses.
Small business have found it easier to qualify for loans in recent years, according to Biz2Credit data, as the economy has seen an uptick since the Great Recession of 2008. As of last month, big banks approved a little more than one-quarter of the loan requests they received, and smaller banks grant a little less than half of their applications. Platforms like Biz2Credit connect small business borrowers with potential lenders who match their lending parameters, which is meant to increase the chances that qualified applicants will secure funding at agreeable rates and terms.
“Accountants play a crucial and unique role in helping their small-business clients make sound financial decisions,” said Dr. Chandra Bhansali, co-founder and CEO of AccountantsWorld, in a statement. “Through our partnership with Biz2Credit, CPAs and other accounting firms will be able to provide greater value to their clients. This also enables them to utilize the platform for their own funding needs.”
Biz2Credit CEO Rohit Arora added, “Accountants are important partners for small businesses and startups as trusted advisors play a significant role in lending decisions. The clients of accountants who specialize in small businesses – as well as the accountants themselves – will be able to benefit from our partnership with AccountantsWorld to address their funding needs.”
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