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Company : Biz2Credit 
Thursday, November 24, 2011 4:32PM IST (11:02AM GMT)
Biz2Credit.in Forays into Factoring Products
New Delhi, Delhi, India

Biz2Credit.in, a recently launched online platform in India that assists SMEs with their loan requirements has moved one step ahead by launching factoring services through its portal. Its factoring services offer a comprehensive receivables and payables management solution which includes transaction financing, credit protection, sales ledger administration and payment collection. Currently the service is available in cities like Delhi, Mumbai, Pune, Indore, Chandigarh, Ludhiana, Bangalore, Chennai and Coimbatore. Factoring services are a logical extension to our business. Biz2credit boasts of a strong presence in US and Indian market. Factoring is a service that covers the financing and collection of account receivables in domestic and international trade. It is a great solution for solving cash flow problems with a business, and also has tons of distinct advantages over more traditional options like a standard business loan or a small business line of credit. This gives your business instant cash instead of having to wait to receive payment which is why many businesses run into cash flow issues" informed Ramit Arora, Co founder & President, Biz2Credit.in Besides offering standard credit solutions to the SMEs, Biz2credit provides finance solutions for all the sales and purchase requirements on the domestic front, and various export-factoring product services on the international level. About Biz2credit Biz2credit.com, the top online small business loan marketplace in the U.S., has forayed into the Indian market by launching its Indian website www.biz2credit.in. The platform is an innovative module for all the capital requirements of small businesses. Founded in 2007, Biz2Credit connects small business owners with lenders and service providers to empower them to grow their enterprises. Biz2Credit matches borrowers with credit solutions based on online profiles that can be completed in less than five minutes in a safe, efficient, price-transparent environment. Its network consists of 1.6 million users and 400 lenders, as well as credit rating agencies such as Equifax, and major small business service providers including American Express and HP. Having secured $400 million in funding for small businesses throughout the U.S. and currently processing 3,000+ loan applications monthly, Biz2Credit is widely recognized as the #1 credit resource for small businesses. Making a foray in India 2 months back, Biz2Credit has already supported various businesses. SMEs are the drivers of innovation and competition in the economy, and lack of sufficient capital may hamper the growth process. Biz2Credit demystifies and streamlines the loan application process, saves entrepreneurs time, and finds the best deals on loans, lines of credit and other forms of financing." In India Biz2credit has tied up with Magna Bank, Saraswat bank and SMERA (a credit rating agency) and in talks with HSBC & Citibank to make their business grow.

For News Release background on Biz2Credit click here
Media Contact Details
Priyanka Sachdeva, Biz2Credit, +91 9811489979, priyanka.sachdeva@value360india.com
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