Biz2Credit & Sage partner to expand small business loans and financing access

By Pavithra R

New York-based Biz2Credit, provider of an online marketplace for small business funding, has announced that the company has partnered with Sage to provide business financing capabilities to their Sage Accountants Network (SAN) and small business clients.

Under the collaboration deal, clients of accountants in the Sage network will gain access to capital through Biz2Credit’s small business funding platform, which has arranged more than $3 bn in financing to thousands of small and mid-sized (SMB) companies over the last decade.

“Now Sage Accountants Network members can leverage this as a new service to offer their clients. Accountants can apply for financing on their clients’ behalf quickly and easily,” said Biz2Credit CEO Rohit Arora.

Sage clients, both accounting firms and small businesses will gain access to preferred pricing and Biz2Credit’s financial monitoring tools for SMBs. Biz2Credit’s patented BizAnalyzer software allows SAN clients to monitor the financial health of their business clients, offer insights to help improve cash flow and build credit. SAN clients, besides having access to BizAnalyzer, can also take advantage of Biz2Credit’s Small Business Funding Platform, which offers a range of financing options, including recent government-backed loan programs like the PPP.

“Sage is also connecting their customers with Biz2Credit and CPA.com’s PPP Forgiveness Tool for free loan forgiveness application processing. This partnership will cover PPP, and normal financing products as well – it’s an all-in-one partnership,” added Arora.

“Through this partnership, we’re able to serve accounting professionals further with enhanced services for their clients,” said Rafael Casas, Sr. Manager – Sage Accountant Solutions.

Founded in 2007, Biz2Credit was built to make finance work better and is backed by Nexus Venture Partners. The company has arranged more than $3 billion in small business financing. Recently, the firm has launched Biz2X Accelerate SBA, a loan platform for SMBs.