Biz2credit

Biz2Credit and Biz2X Named to the Financial Times’ Americas’ Fastest Growing Companies List for 2024

Retrieved on: 
Thursday, April 4, 2024
AICPA, SMB, Organization, Growth, Finance, Financial Times, Statista, Research, Luigi, FT, Small business, Statistics, Biz2credit, CPA, Cryptocurrency

NEW YORK, April 04, 2024 (GLOBE NEWSWIRE) -- Biz2Credit and subsidiary software platform Biz2X have been named to the Financial Times’ 2024 list of “The Americas’ Fastest Growing Companies” once again.

Key Points: 
  • NEW YORK, April 04, 2024 (GLOBE NEWSWIRE) -- Biz2Credit and subsidiary software platform Biz2X have been named to the Financial Times’ 2024 list of “The Americas’ Fastest Growing Companies” once again.
  • “The Americas’ Fastest Growing Companies” 2024 ranking identifies companies with the strongest revenue growth between the years 2019 and 2022.
  • Biz2Credit and Biz2X together reported an overall revenue growth rate of 218% from  2019 to 2022, which ranks in the Top 200 among the 500 companies on the list.
  • Based on the results of the study, Biz2Credit and Biz2X are ecstatic to be recognized on the Financial Times list of The Americas’ Fastest Growing Companies 2024 and as a finalist in the Banking Tech Awards in the Best As-a-Service-Solution, respectively.

Biz2Credit Will Host ‘The State of Women-Owned Businesses Today’ Online Forum with Rep. Young Kim and Rep. Brittany Pettersen on March 26, 2024 

Retrieved on: 
Tuesday, March 19, 2024
Freedom, Organization, Congress, CA-40, Woman, Federation, International, Committee, Research, EDT, Small business, House, Biz2credit, Central business district, Workforce, Democrat, Pharmaceutical industry

NEW YORK, March 19, 2024 (GLOBE NEWSWIRE) -- Although there are roughly 14 million women-owned businesses in the U.S. as of early 2024, many of these companies remain underserved financially by traditional lenders, including banks. To address this, policymakers and advocacy organizations have continued the effort to provide expanded access to capital for women-owned businesses. 

Key Points: 
  • To address this, policymakers and advocacy organizations have continued the effort to provide expanded access to capital for women-owned businesses.
  • On Tuesday, March 26, Biz2Credit will host an online forum at 2 p.m. (EDT) with U.S. Rep. Young Kim (R, CA-40) and U.S. Rep. Brittany Pettersen (D, CO-07).
  • Policies from Congress and regulations from federal agencies should make entrepreneurs’ lives easier, not harder,” said Rep. Young Kim.
  • “I’m excited to join my colleague, Representative Kim, and Biz2Credit for this forum to highlight issues facing women-led businesses,” she added.

Women-Owned Businesses Outpace Growth Across Categories Despite Lower Earnings

Retrieved on: 
Thursday, March 7, 2024
Retail, Small business, Yoy, Public administration, Health care, Welfare, Foodservice, Biz2credit

NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- In its annual analysis of 53,000 companies in 2023, the Biz2Credit Women-Owned Business Study found that earnings for women-owned small businesses remained steady while earnings for men-owned businesses decreased by 3%.

Key Points: 
  • NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- In its annual analysis of 53,000 companies in 2023, the Biz2Credit Women-Owned Business Study found that earnings for women-owned small businesses remained steady while earnings for men-owned businesses decreased by 3%.
  • A year-over-year (YoY) comparison showed a 15.5% increase in annual revenue with a higher funding rate (35%) for women-owned businesses, in comparison to men-owned businesses (29%).
  • The Biz2Credit Women-Owned Business Study examined financial indicators including annual revenue, operating expenses, age of business, and credit scores of funding applicants.
  • The Average Age of Business (in months) for women-owned businesses increased 11 months YoY but remains 10 months lower than men-owned businesses in 2023.

Yamamoto Welcomes Michael Stelmaszek as Chief Creative Officer

Retrieved on: 
Wednesday, January 17, 2024
Campbell Ewald, Doner, Kaiser Permanente, Culture, Stagwell, Jeep, Ram, University, Food Lion, FIAT, CPG, Rick Stelmaszek, Middle, Travel, Fiat 500e, Biz2credit, Growth, Entertainment

MINNEAPOLIS, Jan. 17, 2024 /PRNewswire/ -- Michael Stelmaszek is joining full-service creative agency, Yamamoto , a Stagwell (NASDAQ: STGW) company, as Chief Creative Officer.

Key Points: 
  • MINNEAPOLIS, Jan. 17, 2024 /PRNewswire/ -- Michael Stelmaszek is joining full-service creative agency, Yamamoto , a Stagwell (NASDAQ: STGW) company, as Chief Creative Officer.
  • "Michael is a perfect creative and cultural fit for an agency that prides itself on moving mountains for its clients," said Kathy McCuskey, CEO of Yamamoto.
  • Before joining Yamamoto, Stelmaszek was Partner and Chief Creative Officer at Detroit-based LUDWIG+, where he led the boutique agency to wins for the Ram REV truck, FIAT 500e, Milo's Tea Company, fintech lender Biz2Credit and others.
  • "Michael is an incredible writer and thinker and cultural maven," said Shawn Pals, Executive Creative Director at Yamamoto.

Small Business Loan Approvals Stalled at Big Banks, Rose at Small Banks and Alternative Lenders in November 2023

Retrieved on: 
Tuesday, December 12, 2023
Small business, Biz2credit, Employment, COVID, Government, Unemployment

NEW YORK, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Small business loan approval percentages at big banks ($10 billion+ in assets) stalled for the first time since June of this year, staying at 13% in November 2023, according to the latest Biz2Credit Small Business Lending Index™ released today.

Key Points: 
  • NEW YORK, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Small business loan approval percentages at big banks ($10 billion+ in assets) stalled for the first time since June of this year, staying at 13% in November 2023, according to the latest Biz2Credit Small Business Lending Index™ released today.
  • Small banks approval percentages continue to rise towards the end of 2023, going from 19.5% in October to 19.7% in November, marking an increase every month since June 2023.
  • “As we close out this year, it remains a positive that small banks have started to become more of an option for business owners searching for capital,” said Arora.
  • To determine its Small Business Lending Index, Biz2Credit analyzed loan requests from companies in operation for more than two years with credit scores above 680.

Biz2Credit’s Annual Small Business Industry Study Finds Wholesale Industry Leads Other Sectors in Most Financial Measures

Retrieved on: 
Tuesday, December 5, 2023
Research, NAICS, House, Biz2credit, Information technology, Transport, NY-19, Retail

In New York, overburdensome regulations, high taxes, and the labor shortage make it extremely difficult for small businesses to survive,” said Congressman Marc Molinaro (R, NY-19), who serves on the House Small Businesses Committee.

Key Points: 
  • In New York, overburdensome regulations, high taxes, and the labor shortage make it extremely difficult for small businesses to survive,” said Congressman Marc Molinaro (R, NY-19), who serves on the House Small Businesses Committee.
  • “It shouldn’t have to be this way.”
    “We’re so grateful for our small businesses that keep the economy going.
  • It’s a big priority for us to help our small business owners get things done,” said Congressman Greg Landsman (D, OH-01), who is also a member of the House Small Businesses Committee.
  • “Our research also looks at emerging trends happening across small businesses, as we examine the data from January – June 2023.

Biz2X Named as a Leader in North American Small Business Lending Decisioning Platforms and Customer Experience Solutions by the IDC MarketScape

Retrieved on: 
Thursday, November 16, 2023
IBS, PPP, COVID-19, Silver, IDC, IBM 7090/94 IBSYS, Good, Biz2credit, COVID, Cryptocurrency, Fintech

Biz2X is included in the IDC MarketScape: North American Small Business Lending Decisioning Platforms 2023-2024 Vendor Assessment (doc #US49787523 , November 2023) and IDC MarketScape: North American Small Business Lending Customer Experience Solutions 2023-2024 Vendor Assessment (doc #US49787323 , November 2023).

Key Points: 
  • Biz2X is included in the IDC MarketScape: North American Small Business Lending Decisioning Platforms 2023-2024 Vendor Assessment (doc #US49787523 , November 2023) and IDC MarketScape: North American Small Business Lending Customer Experience Solutions 2023-2024 Vendor Assessment (doc #US49787323 , November 2023).
  • “We are proud to be recognized as a Leader in two IDC MarketScape reports,” said Rohit Arora, CEO and co-founder of Biz2X and parent company Biz2Credit.
  • Biz2X was honored by IBS intelligence (IBSi) for Best Digital Lending Implementation: Best Adoption of Tools & Governance at the IBSi Global FinTech Innovation Awards 2021.
  • Additionally, Biz2X was named a finalist for the FinTech for Good award announced at the 2023 Banking Tech Awards.

Small Business Loan Approvals Dropped at Big Banks, Rose at Small Banks and Alternative Lenders in October 2023: Biz2Credit Small Business Lending Index™

Retrieved on: 
Wednesday, November 8, 2023
Biz2credit, Bureau of Labor Statistics, Small business, SBA, Employment, Government, Jobs, Bank

NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Small business loan approval percentages at big banks ($10 billion+ in assets) decreased again from 13.1% in September to 13% in October, according to the latest Biz2Credit Small Business Lending Index™ released today.

Key Points: 
  • NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Small business loan approval percentages at big banks ($10 billion+ in assets) decreased again from 13.1% in September to 13% in October, according to the latest Biz2Credit Small Business Lending Index™ released today.
  • As expected, acquiring a small business loan from a big bank has become increasingly more difficult with every passing month,” said Rohit Arora, CEO of Biz2Credit and one of the nation’s leading experts in small business finance.
  • “Small business owners are having better success with smaller banks and/or alternative lenders.”
    After a slow start in 2023, small banks approval percentages rose from 19.3% in September to 19.5% in October, marking an increase every month since June 2023.
  • To determine its Small Business Lending Index, Biz2Credit analyzed loan requests from companies in operation for more than two years with credit scores above 680.

Biz2X Announces Partnership with Republic Bank of Arizona

Retrieved on: 
Wednesday, October 11, 2023
Partnership, EVP, Loan, State, Republic Bank, Growth, Independent Community Bankers of America, ICBA, AZ Business Magazine, Biz2credit, Fintech, Risk assessment, Bank, PHOENIX, Phoenix, Phoenix metropolitan area

NEW YORK and PHOENIX, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Biz2X today announced a new partnership with Republic Bank of Arizona (RBAZ) , a locally-owned community business bank dedicated to serving the State of Arizona.

Key Points: 
  • NEW YORK and PHOENIX, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Biz2X today announced a new partnership with Republic Bank of Arizona (RBAZ) , a locally-owned community business bank dedicated to serving the State of Arizona.
  • “Our goal is to be the premier Arizona-based community business bank, dedicated to helping Arizona businesses succeed, and with this partnership, our lending can be accessible 24 hours a day.”
    RBAZ offers Commercial Loans and a suite of online cash management services to ensure businesses in the Phoenix area, and throughout Arizona, have what they need to grow.
  • In June 2022, RBAZ was ranked 2nd in a list of the Top 10 Arizona banks with $479 million or less in market deposits by AZBigMedia .
  • We understand what banks need to best service the small business space,” said Rohit Arora, CEO of Biz2X and parent company Biz2Credit, and a pioneer in fintech.

Small Business Loan Approvals Slid at Big Banks, Rose at Other Lenders in September: Biz2Credit Small Business Lending Index™

Retrieved on: 
Tuesday, October 10, 2023
Small business, SBA, Risk, Unemployment, Biz2credit, Bureau of Labor Statistics, Government, Bank, Cryptocurrency

Big bank lending to small businesses has dipped every month since June 2022.

Key Points: 
  • Big bank lending to small businesses has dipped every month since June 2022.
  • “Securing a small business loan from a big bank is certainly challenging, and I don’t see that changing much in the coming months,” said Rohit Arora, CEO of Biz2Credit and one of the nation’s leading experts in small business finance.
  • “Your chances of obtaining small business financing from a regional or community bank are much higher.”
    “Many big banks are restructuring.
  • To determine its Small Business Lending Index, Biz2Credit analyzed loan requests from companies in operation for more than two years with credit scores above 680.