FOR IMMEDIATE RELEASE
January 19, 2012
Biz2Credit.com
Selected as NAFCU Services Preferred Partner for Small Business Lending Deal
Flow and Related Solutions
WASHINGTON —NAFCU Services Corporation today
announced that Biz2Credit has been
selected as its Preferred Partner for small business lending deal flow and
related solutions.Founded in 2007, Biz2Credit (www.biz2credit.com), is an online small
business platform that matches small businesses with lending institutions based
on their business profile and preferences.
NAFCU-member benefits and other
details of the partnership may be viewed at www.nafcu.org/Biz2credit.
“Small businesses have a tremendous
need for capital today, given that large banks have largely stopped providing
loans to that segment,” explains Rohit Arora, CEO of Biz2Credit and one of the
nation's leading experts in small business finance. “We believe that credit
unions can play a major role in providing this financing and accelerating our
economic recovery at the same time. They have been increasingly active in
small business lending and will continue this trend throughout 2012.”
Biz2Credit has been ranked as one of
the “Top Resources for Small Business Finance" by Entrepreneur.com and
others. With over $500 million in funding and over 1.6 million small business
users in the U.S., Biz2creditis the market leader in this space. The
company's patented technology and partnerships with leading credit agencies
allows a credit union to set up rigorous criteria for credit quality, loan
amount, location, and other key factors to ensure quality, pre-qualified deal
flow.
“Many credit unions are willing and able to make member business loans, but may
not currently have the infrastructure required to ensure a sufficient quantity
of pre-screened potential lending opportunities,” said NAFCU Services president
David Frankil. “Biz2credit.com is the perfect solution – a credit union can
very precisely set parameters and then quickly see pre-qualified deal flow.
This is not just a ‘quantity over quality’ lead generation system –
Biz2credit.com only forwards pre-qualified leads that meet specified criteria.”
Rohit Arora, who was recognized as
"Top Entrepreneur of 2011" by Crain's New York Business,
described the experience of one of their client financial institutions. “We are
working with a $135 million asset base institution with a total of $40 million
in business loans,” noted Arora. “They joined the Biz2credit.com lender network
and generated $15 million of those loans in 2011 directly from our platform –
with an average deal size of $850K-$1.1 million.”
About
Biz2Credit
Founded in 2007, Biz2Credit
is a leading credit marketplace connecting small- and medium-sized businesses
with lenders, service providers, and complimentary business tools. The company
matches borrowers to financial institutions based on business’ unique profiles–
completed in less than four minutes – in a safe, efficient, price-transparent
environment. Biz2Credit’s network consists of 1.6 million users, 450+ lenders,
credit rating agencies such as D&B and Equifax, and small business service
providers including CPAs and lawyers. Having secured more than $500 million in
funding throughout the U.S., Biz2Credit is widely recognized as the #1 credit
resource for small businesses.
About NAFCU Services Corporation
NAFCU Services Corporation is a wholly owned subsidiary of the
National Association of Federal Credit Unions (NAFCU). Since 1975, NAFCU
Services has partnered with the industry’s leading solutions providers to offer
value-added products and services at a discount to credit unions. Currently, it
offers 30 Preferred Partner programs to the credit union community and
maintains the credit union locator website CULookup.com. For more information about NAFCU Services Corporation,
please visit www.nafcu.org/nafcuservices.
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