As a business owner, you may have a lot of questions about borrowing money for your company. Here we will try to answer some of the more basic, common questions we generally encounter. If at any time you feel that you require further information or wish to contact us directly to speak with a representative, please feel free to contact us by phone.
In conjunction with its partners Buffalo Business Loans is an online small business lending platform connecting business owners with a range of lenders that offer a wide range of funding options. Buffalo Business Loans connects borrowers with credit solutions based on online profiles that can be completed in less than four minutes in a safe, efficient, price-transparent environment. Buffalo Business Loans technology partnership companies have arranged over $2 billion in funding for more than 100,000 companies.
Buffalo Business Loans can arrange SBA loans, traditional bank loans, business lines of credit, equipment financing, business acquisition loans, commercial real estate loans, refinancing and merchant cash advances. Additionally, there are special lending programs available through Buffalo Business Loans for women, veterans and minorities.
Interest rates and terms depend in large part on credit history and how quickly a borrower needs money. SBA loans and traditional bank loans generally offer the best interest rates and the longest amount of time for repayment. However, for borrowers who need money quickly, funding from non-bank lenders is available. These deals close more quickly, but the interest rates are generally higher. The type of funding often depends on a company’s financial history.
With the appropriate information and documentation available it is possible to secure funding in as little as 24 hours. We take your privacy very seriously. All your information is managed securely, for more information see our privacy statement.
Yes. Buffalo Business Loans’ partner platform includes non-bank and bank financing products. For most non-bank financing products, you will pay an underwriting fee (typically $250-$400 depending on deal size), payable at the closing of the transaction. For most bank financing products, you will pay a closing fee to Buffalo Business Loans when the transaction closes. The amount of the origination or closing fee will depend on the size and type of transaction and other factors. For certain commercial real estate loans, you will pay an origination fee at loan closing.
Buffalo Business Loans is compensated by lenders and other funding providers upon the closing of the underlying loan or financing. The amount of this fee depends on the size and type of transaction and other factors.
Buffalo Business Loans can arrange funding for amounts between $5,000 to $5,000,0000 — all from one application. Registrants’ records stay with Biz2Credit, and many companies secure multiple loans and grow their businesses through their platform.
No, Buffalo Business Loans is not a lender. Instead, Buffalo Business Loans works with a network of lenders nationwide to connect them with pre-qualified small business owners who are seeking financing.
Typically, lenders seek established businesses (in operation for 2 years or more) that are profitable and have a solid credit history. However, startup loans are available to entrepreneurs who are in the beginning stages of their ventures.
Security is a top priority at Buffalo Business Loans and Biz2credit. An experienced team of application developers, software professionals, quality analysts, and security experts oversee all web security related issues. Biz2credit maintains a strong backup process, performs automated intrusion detection, monitors hacking attempts, and stays current with security patches and upgrades.