BizFund

Avg. Rating: 5.0 (2 reviews)

BizFund is an established, fast growing, alternate business funding solution, for small to mid-size businesses. Based in New York, with offices across the globe, we are excited to bring our 10 years of business funding expertise and resources to the Canadian market. As our tag line says, we are loyal to you and your growth. We value our partners and merchants, and stand behind every investment from start to finish, whether funds are being used for inventory, upgrades, expansion, human capital/wages, and/or marketing to name a few – we will partner with you for the duration of the funding.

  • TIME IN BUSINESS: Since 2012
  • # OF CUSTOMERS: Over 10,000
  • TOTAL FUNDED: Over 500 million

1 (888) 958 - 3781

info@bizfund.ca 405-1018, Finch Ave West, North York
Call Center: 8:30 am - 6 pm EST
Support Offered:
  • Social Media
  • Call Centre
  • Email
  • FAQs
  • Blog
Availability: Everywhere in Canada

Products Offered

Below are all the products offered by this company.

Conditions & Rates

Interest rate 

Varies

Amount

$5,000 – $500k

Terms 

6 – 12 Months

Eligibility Requirements

Who is eligible?

  • 6 months in business
  • Revenue over 15k per month
  • Credit score over 550 (they do look over 500 as well)

What you need to provide?

  • Bank statements
  • Application (if applicable – via a broker)
  • VC/PAD
  • ID
  • Articles on Incorporation

Repayment & Issuance

How fast can you get the money

Within 48 hours

 How does repayment work

Daily, weekly, monthly

Frequently Asked Questions About BizFund

Who is BizFund?

BizFund provides your business with short-term business advances for a period of 3 to 12 months.

Why do business owners use BizFund?

BizFund clients often utilize their funding to overcome temporary cash flow challenges, invest in new equipment, or make time-sensitive inventory purchases.

Who does BizFund cater to?

BizFund caters to small and medium businesses across all industries nationwide, requiring at least 6 months of operating history and a minimum monthly revenue of $10,000.

How quickly can I receive loan funds from BizFund?

With a straightforward online application and just 4 months' bank statements, you can receive an offer in as little as 4 hours.

How can I qualify for a loan from BizFund?

To qualify for a loan from BizFund, you need to meet the following requirements: 1. Have a minimum of 6 months in business. 2. Maintain gross monthly revenues greater than $15,000 for four consecutive months. 3. Possess a credit score over 500.

Will I get approved for a loan from BizFund if I have bad credit?

Even with a less than stellar credit score, BizFund will carefully assess your files and prioritize your current business performance to determine the funds available to you.

How quickly will I get my loan funds from BizFund?

If approved, assuming you have provided the required documents to your MFS (Merchant funder specialist) your business will be funded within 8-24 hours.

What's the difference between a bank loan and merchant cash advance?

The key distinction lies in the repayment amount and term, with MCAs offering lower repayment amounts and shorter terms.

How does BizFund decide if I'm eligible for for a loan?

BizFund takes a different look at credit history when compared to traditional bank lenders; they focus their attention on your more recent business transactions and overall performance. This relevant information influences your funding eligibility, not simply your credit.

What's the benefit of merchant cash advance?

Some advantages of merchant cash advances' is the repayment schedule. Unlike traditional loans, BizFund’s merchant funds are repaid based in part on your sales, providing repayment that is affordable to you.

BizFund Reviews

Avg. Rating: 5.0 (2 reviews)
Great service at BizFund

We wanted to expand the patio for my restaurant and thanks to BizFund, we had the capital needed to complete the project quickly and increase revenue. Thank you for your help!

Brandon
Thank you BizFund!

I needed funding to invest into my business, and BizFund took take of me from start to finish. If you want to grow your business and need capital, give BizFund a try.

James

Compare BizFund with another Company:

Write a Review