BFC Bulletins Monthly News Digest
Biz2Credit, a leading provider of small business financing online, has announced the launch of a new set of resources to help small businesses facing economic hardships caused by the COVID-19 crisis. Via a new dedicated website (SBADisasterLoans.info), small businesses can get advice from a Biz2Credit specialist and learn how to apply for disaster loans. Although the application process can take 3-4 weeks at the moment, small businesses can also get pre-screened to see if they qualify for short-term funding from Biz2Credit to meet their immediate financial needs. Biz2Credit is also working to provide small business owners with other important resources during this crisis period, including access to data, expertise and engineering resources. Biz2Credit is also working with other FinTech lenders to lobby the United States government to allow them to directly disburse disaster loans, citing a proven track record in providing financing to small businesses in mere hours (as opposed to the 3-4 weeks traditional banks often take).
