New York, NY -- (SBWIRE) -- 05/23/2010 -- Biz2Credit LLC has helped a New Jersey based start up community bank fund its first SBA deal.

The community bank is using Biz2Credit’s cutting-edge technology to analyze a business’s credit worthiness, capital structure and financing priorities and then uses DocVault system to process and fund the deal.

“It’s difficult for small community banks and busy small business owners and entrepreneurs to be able to reach out to get to know each other and the best fit” said Biz2Credit CEO Rohit Arora. “Biz2Credit helps them do that with our easy-to-use online system that provides access to credit and financial services in a transparent, secure environment.”

Nisha Khanna, the owner of the start up business stated that getting a SBA loan with a third lien on her home was beyond her wildest dream as she had been turned down by 3 banks before that. She further added using a case manager from Biz2Credit helped her to navigate through the whole process in a seamless way.

“Working with Biz2Credit has helped us to connect with the local community, helped us to lend money to a startup business ,thus creating 5 new jobs in the community and lower our acquisition costs” said bank’s CFO. He further said “this has opened up new avenues for us as well as created a pipe line of another $ 2million SBA loans which we will close in next 2 months.”

“Our system takes much of the guesswork out of the complicated and often intimidating process of securing a small business loan,” Arora said. “We empower entrepreneurs to focus on running and growing their businesses, cutting through red tape.”

Small business owners can register and submit a financing request for free at http://www.biz2credit.com.

About Biz2Credit
Biz2credit(http://www.biz2credit.com), a small business marketplace focusing on empowering small business entrepreneurs. Founded in 2006, Biz2credit is a small business marketplace that creates a competitive environment of service providers and lenders to empower the entrepreneur. The online platform matches entrepreneurs with credit solutions based on their business profile and preferences in a safe and price transparent environment. A patented technology used by over 75 major banks in US, credit rating agencies like D&B and major SMB players like Amex, HP, Dell etc. Biz2Credit was ranked among 100 top emerging companies in US by KPMG in 2008 as well as no. 1 financing resource by Entrepreneur magazine. With over USD300 million in funding to over 5000 plus SMEs in US, we are the market leaders in the SME space. The company is headquartered in New York, NY.