NAFCU Services Corp. has added online small business platformfirm Biz2Credit to its Preferred Partners program.

|

The New York-based Biz2Credit matches small businesses with lending institutionsbased on their business profile and preferences. The company'snetwork consists of 1.6 million users and more than 450 lenders,credit rating agencies and small business service providers,according to NAFCU Services.

|

“Small businesses have a tremendous need for capital today,given that large banks have largely stopped providing loans to thatsegment,” said Rohit Arora, CEO of Biz2Credit. “We believe that credit unions can play a majorrole in providing this financing and accelerating our economicrecovery at the same time.”

|

NAFCU Services President David Frankil said the new alliance will help credit unionstake their business lending efforts to the next step.

|

“Many credit unions are willing and able to make member businessloans, but may not currently have the infrastructure required toensure a sufficient quantity of pre-screened potential lendingopportunities,” Frankil said. “Biz2credit.com is the perfectsolution – a credit union can very precisely set parameters andthen quickly see pre-qualified deal flow.”

|

NAFCU Services said it now offers 30 Preferred Partnerparticipants to the credit union community.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.