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Company : Biz2Credit 
Friday, June 3, 2016 2:57PM IST (9:27AM GMT)
 
Biz2Credit to Revolutionize the $300 Billion Indian Funding Market through Online Financing
New Delhi, Delhi, India

  • Biz2Credit to facilitate loans / finance from $5,000 to $5 million to thousands of small and mid-sized companies in as little as 24 hours in India
  • Aims for business generation of 1000.00 crore by next fiscal in India
  • Biz2Credit to Boost Financing Success for Individuals and SMEs in India

With more than 11 lakh users, 1,300 lenders, U.S. based Biz2Credit, rated as most trusted online credit resource in the U.S. who has already arranged funding of over $1.4 billion in financing in U.S. is all set to revolutionize the Indian Funding market by making finance available to thousands of small and mid-sized companies looking for business loans on best terms.
 
“India has huge market of around 29 million small businesses and SMEs contribute 45% to the country’s industrial output and to 40% of the total exports. The new trends in SME financing are getting influenced by digital revolution. This includes analytics based lending, peer to peer lending and various other variants. Digital Finance will capture at least 10% of the $ 300 billion Indian Funding market” Said Mr. Ramit Arora, President & Co-Founder of Biz2Credit.
 
The biggest hurdle the SME’s face is adequate and timely banking finance, limited capital besides ability to adapt and use latest technologies, identification of new markets, need for an effective marketing strategy, constraints on expansions and non-availability of skilled labour at affordable cost, including demand side constraints.
 
The lack of organized credit to small business owners is a gap in the Indian financial market today and an inhibiting factor for growth of entrepreneurship in India. Biz2Credit aims to address this gap with its focused digital offerings to provide capital to thousands of small and mid-sized companies for expanding and growing businesses in India in a fast and efficient manner.
 
“India has countless small and medium-sized businesses (SMEs), contributing more than 60% to the economy. Entrepreneurs often resort to using personal credit cards, home equity lines or their own savings to fund businesses when there are much better options. Biz2Credit streamlines the loan application process and finds the best deals on loans, lines of credit and other forms of financing,” said Mr. Ramit Arora.
 
“We will help Indian entrepreneurs to quickly secure the funding they need to grow their businesses. We are thrilled to help India's small business finance industry, digitally. Financing on Biz2Credit’s platform ranges from $5,000 to $5 million and can be coordinated in as little as 24 hours for working capital, commercial real estate and other uses,” added Mr. Ramit Arora.
 
“Using its proprietary technology, Biz2Credit matches borrowers to financial institutions based on each company's unique profile, in a safe, efficient and price-transparent environment. Biz2Credit’s customers will gain access to full range of Biz2Credit’s offerings including data and risk analytics through the patented BizAnalyzer™ Score, enabling lenders to process transactions with an automated score card models. Also, the BizAnalyzer Score Simulator Tool will allow SME owners to review a personalized snapshot of their business health will be made available free of cost,” added Mr. Ramit Arora.
 
“In India we have partnered & tied up with Tata capital, the flagship financial services company of the$ 108 billion Tata Group and Busy Infotech Pvt. Ltd. Biz2Credit is in advanced stages in tying up with leading banks / financial institutions / lenders in India to boost online financing success for individuals and SMEs in India under PM Narendra Modi’s ‘Digital India’ and 'Make In India' initiatives which are opening up bigger opportunities for the SME sector. Our resolve is to deliver financial solutions digitally that are right for all our stakeholders – specifically our customers and the society at large,” added Mr. Ramit Arora.
           
About Biz2Credit Info Services

Established in 2007 in the U.S., Biz2Credit is an online marketplace bringing together an array of lenders and fund-seeking entrepreneurs and individuals to arrange online SME loans, lines of credit, equipment loans, working capital and other business funding options as well as consumer loans.

With more than 11 lakh users, 1,300 lenders, and credit agencies like D&B and Equifax, Biz2Credit has earned a reputation as a trusted online credit resource in the U.S. Biz2Credit has now ventured in India to provide a similar platform for individuals and SME community.

Biz2Credit uses a patented technology (Biz Analyzer) to match lenders as per the exclusivity of each loan application, offering the borrowers a wide range of options to choose from. With free registration, businesses and individuals can compare various financing options and choose the one that is most suitable to them.

 
For News Release background on Biz2Credit click here
 
Media Contact Details
Ravi Chamria, Biz2Credit, +91-9818592244, ravic@biz2credit.com
 
 
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