An entrepreneur owns and operates an IT staffing company that was just awarded a large contract from a Fortune 500 company. Smooth and successful job execution could do wonders for the company’s pipeline growth. The owner needs to move fast to add employees and service the contract immediately. But there’s one hurdle – The Company won’t receive payment for the project for 45 to 60 days.

In need of $300,000 to complete the job, the owner approached Biz2Credit, an online small business marketplace for help. Based on the short-term needs and the past personal and business financial statements, Biz2Credit advisors suggested taking a line of credit against the business’s accounts receivables and providing the lender with an accounts receivables aging statement to avoid cross-corporate guarantees.

After running a business credit check on the company and the company’s clients, the lender funds the line of credit at a low interest rate. The deal was closed within 10 days, at no closing cost and no fixed-term.

Founded in 2006 by Rohit Arora, Biz2Credit connects small and medium businesses (SMBs), with leading banks across the country. The marketplace provides multiple credit options for business owners to compare, review, and accept the best offer that suits their expansion or operational needs.

Arora conceptualized Biz2Credit two years ago working as a consultant for Deloitte’s strategy practice. While advising banks on how to penetrate the SMB market, Arora observed the profitability of SMB clientele in lenders’ portfolios. On average, SMBs as customers were three to four times more profitable than other customer segments, used financing four to five times a year and utilized other banking services two to three times a year.