Latest news with #Biz2Credit
Entrepreneur
7 hours ago
- Business
- Entrepreneur
Biz2X Crosses INR 14,000 Crore in Loans, Strengthens India's Fintech Footprint
The company is actively playing a dual role in exporting fintech innovation and reinforcing India's position as a hub for digital financial services on the back of ongoing expansions into key international markets including the Middle East. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Biz2X, the digital lending software platform from Biz2Credit, has surpassed INR 14,000 crore in loan disbursements through its India operations in FY25, continuing its steady growth of 25-30 per cent year-on-year. The figure signals not just the rising demand for credit access but also the expanding influence of AI-powered fintech infrastructure in India's lending landscape. The company attributes its performance to a mix of artificial intelligence innovations, strategic partnerships, and integrated lending solutions tailored for India's evolving credit ecosystem. With demand for credit in India projected at INR 37 lakh crore, Biz2X's technology is being seen as an enabler for faster and more inclusive loan access, especially for underserved segments. "This milestone is a testament to the trust that Biz2X has earned over the years through strategic collaborations with India's leading financial institutions," said Rohit Arora, co-founder and CEO of Biz2X and Biz2Credit. "We will continue to power the Indian lending ecosystem on the back of our solutions that draw on global best practices combining expertise from powering one of the largest digital lending marketplaces in the U.S., Biz2Credit, with localized models tailored to India's unique credit needs." Biz2X's recent rollouts — the AI-powered Biz2X Underwriting Agent and Biz2X AI CRM — are aimed at transforming how lenders evaluate borrower profiles, manage leads, and drive engagement. Another flagship product, DigiKred, continues to play a central role in enhancing the efficiency of Indian lenders by automating key elements of the loan lifecycle. The company's progress also reflects the larger shifts underway in India's Global Capability Center (GCC) sector, projected to hit $110 billion by 2030. Biz2X is aligning its operations to support this momentum, focusing on high-growth regions and expanding its service footprint to meet rising institutional demand for scalable, AI-driven credit solutions. Arora noted that the company remains committed to enabling access to credit for Indian MSMEs, who have traditionally faced barriers in securing timely loans. "We are committed to enabling financial inclusion for Indian MSMEs which have long faced roadblocks in securing timely credit," he said. The company is actively playing a dual role in exporting fintech innovation and reinforcing India's position as a hub for digital financial services on the back of ongoing expansions into key international markets including the Middle East.
Forbes
2 days ago
- Business
- Forbes
Small Business Earnings Are Rising, Despite Economic Uncertainty
Businessman sees an increase in earnings. getty Small businesses earnings are rebounding from lower figures in Q1, showing resiliency amidst economic uncertainty. According to the most recent Biz2Credit's monthly Small Business Earnings Report (April 2025 figures), which examines a number of small business financial metrics, average monthly earnings were up to $47,700 in April 2025, up $9,100 from March's figure. This is a consistent run of monthly gains, with earnings rising 48% since January. Average monthly revenues in April were $522,400, a decrease of $9,500 from the March 2025 figure of $531,900. However, average monthly expenses dropped even more dramatically from $493,300 in March to $474,700 in April– a decrease of $18,600, according to the report, which draws from over 100,000 completed financing applications submitted to Biz2Credit's online funding platform. A year ago (March 2024), average revenues were $692,900, while average expenses were $651,200. Average earnings were $41,700, a figure that is $3,100 more than the average earnings in March 2025. Additionally, inflation has seen a significant decline, from 3.4% in April 2024 to 2.3% in April 2025. However, tariff-related worries have kept small businesses on edge as they struggle to make revenue projections. Q1 was particularly pressured as the new administration came in and began implementing new trade policies, which initially sent markets and small business sentiment plummeting at an alarming rate. The current economic climate for small business owners in the U.S. is mixed, as entrepreneurs are expressing cautious optimism regarding inflation and their own earnings, along with significant concerns about the future. For instance, 78% of small business owners plan to grow their businesses in 2025, and 46% expect to create new jobs, according to a recent national survey by Goldman Sachs. Further, the study found that nearly seven in 10 (69%) small business owners feel positive about their financial outlook for 2025. Meanwhile, the NFIB Small Business Optimism Index fell to 95.8 in April 2025, marking its second consecutive month below the 51-year average of 98. 'Uncertainty continues to be a major impediment for small business owners in operating their business -- affecting everything from hiring plans to investment decisions,' said NFIB Chief Economist Bill Dunkelberg. In its 10,000 Small Businesses Voices study, Goldman Sachs said more than half (53%) are reluctant to take out a loan given current interest rates and a striking 88% shared lower interest rates would help their business, since many loans are variable rate loans. All eyes will be on the Federal Reserve's next Federal Open Market Committee meeting, which takes place June 17-18. With inflation approaching Fed Chair Jerome Powell's oft-stated goal of 2% inflation, the central bank might be willing to lower interest rates again. Since returning to office, President Trump has put pressure on Powell to lower rates, but the Fed has continued its cautious approach. Related: 3 Reasons Small Businesses Should Borrow At Today's Interest Rates Despite economic uncertainty, small and medium businesses have found a way to remain economically strong despite trade policy uncertainty. Tariffs remain a top concern for small business owners who continue to await further clarity from the White House about trade policy and tariffs before as they make pivotal business decisions. Since January, small business expenses are down 10%, while revenues dipped 5%, which accounts for the increases in average monthly earnings. That cushion has helped small business owners stay afloat during the economic uncertainty related to tariffs, which have been on-again, off-again over the past few months. Even though there has been negative sentiment this year, the bottom line is that small businesses are seeing increased earnings in 2025. Related: What Trump's Tariffs Will Mean For Small Businesses Meanwhile, inflation has slowly but consistently been easing, which is good news for small businesses. Gasoline prices are about 45 cents per gallon lower than they were a year ago, according to the U.S. Energy Information Administration. Egg prices, which had risen so far and so fast in 2024 that they became a presidential campaign issue, have dropped more than 60% this year from an average of $6.49 a dozen on January 21, to an average of $2.52 per dozen nationally now. Additionally, business operators have been looking for ways to cut back expenses, resulting in earnings swinging upward for the first few months of the year. Thus far, the Small Business Earnings Report has indicated that they have been successful in running leaner operations. If interest rates do indeed go down later in mid-June after the next FOMC meeting, the cost of capital should decline for many companies that are paying back variable rate small business loans. We will know shortly whether or not it will happen. With summer being a busy season for many small businesses, the climate certainly exists for the trend of increased earnings to continue. Whether higher tariffs go into effect or not, they have shown resilience in operating their businesses during a somewhat turbulent economic period. If things continue in a positive direction overall, small business earnings should continue to move upward.
Yahoo
19-05-2025
- Business
- Yahoo
Biz2Credit Small Business Earnings Report Finds SMB Earnings Climbed Higher in April
Analysis shows small businesses are rebounding from low earnings in Q1, showing resiliency amidst economic uncertainty NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- Biz2Credit's monthly Small Business Earnings Report found that average monthly earnings were up to $47,700 in April 2025, up $9,100 from March's number. This is a consistent run of monthly gains, with earnings rising 48% since January. Key Findings for April 2025 Average Monthly Earnings: $47,700. (Mar. 2025: $38,600 – an increase of $9,100) Average Monthly Revenue: $522,400. (Mar. 2025: $531,900 – a decrease of $9,500) Average Monthly Expenses: $493,300. (Mar. 2025: $474,700 – a decrease of $18,600) A year ago (March 2024), average revenues were $692,900, while average expenses were $651,200. Average earnings were $41,700, a figure that is $3,100 more than the average earnings in March 2025. Additionally, inflation has seen a significant decline, from 3.4% in April 2024 to 2.3% in April 2025. However, tariff-related worries have kept small businesses on edge as they struggle to make revenue projections. 'Small and medium businesses have found a way to remain economically strong despite trade policy uncertainty' said Rohit Arora, CEO and co-founder of Biz2Credit. 'Tariffs remain a top concern for small business owners who continue to await further clarity from the White House about trade policy and tariffs before as they make pivotal business decisions,' added Arora, one of the nation's leading experts in small business finance. 'In the meantime, business operators are cutting back expenses, resulting in earnings swinging upward for the first few months of the year.' Q1 was particularly pressured as the new administration came in and began implementing new trade policy, sending markets and small business sentiment plummeting at an alarming rate. Summary The Biz2Credit Small Business Earnings Report summarizes primary data of companies that applied for funding each month. It assesses the financial health of small businesses by analyzing primary data provided directly by small to midsized firms in the U.S. as part of the application process on Biz2Credit's award-winning digital funding platform. The report provides one of the most up-to-date readings on the financial health of small businesses currently available. Click here to review the Small Business Earnings Report. Methodology Biz2Credit examines a number of small business financial metrics in the Small Business Earnings Report, including annual revenue, operating expenses, age of business, credit score, approval rate, and funding rate. Data is drawn from over 100,000 completed financing applications submitted to Biz2Credit's online small business funding platform between Jan. 2022 and Apr. 2025. About Biz2Credit Founded in 2007, Biz2Credit has helped thousands of companies access more than in small business financing. Biz2Credit is headquartered in New York City, employs over 800 people with over half in product, data science, and engineering roles. Using data analytics and predictive modeling, Biz2Credit seeks to enhance the accuracy and transparency of business credit decisions, fueling long-term economic development. Visit or follow the company on LinkedIn, Instagram, Facebook, and X (formerly Twitter). Media Contact: Brett Holzhauer, (818) 326-1109, in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
10-05-2025
- Business
- Forbes
Worcester, Massachusetts, Is 2025's Top City For Small Business
Worcester, Massachusetts, is No. 1 among Best Small Business Cities in America in 2025, according to Biz2Credit's annual review of the financial performance of small businesses across the country. The study examined 75,000 credit inquiries and applications from small to mid-sized companies made on Biz2Credit's small business finance platform from all across the country for the full prior year (2024). The study examined financial indicators, including annual revenue, credit score, age of business, and the proprietary BizAnalyzer® scores of businesses that applied for funding via the online site. The analysis found that small businesses' average revenue increased while credit scores dipped slightly. Related: How To Improve Your Credit Score and Secure A Business Loan Located 45 miles west of Boston, Worcester had high average annual revenues, strong credit scores, and mature businesses. It is New England's second largest and fastest growing city with a population that grew by 14% between 2010 and 2020. According to the 2020 Census, Wooster's population (206,518) is at its highest point ever, and 51% of residents are under 35 years old. The city benefits from having an educated workforce, thanks to the numerous colleges and universities in the area, including Wooster Polytech (WPI), one of the top schools in the country for mechanical engineering and computer science. The area is also home to UMass Chan Medical School, which trains the full range of medical disciplines, with an emphasis on practice in the primary care specialties, as well as College of the Holy Cross, which is ranked No. 28 out of 211 National Liberal Arts Colleges by U.S. News. Graduates of these schools and others have helped to bolster Worcester's economy, which is fueled by advanced manufacturing, robotics, biotechnology, biomanufacturing, computer sciences, and other high-tech sectors. Further, over 2,700 new businesses were created in the past year in the county alone. Institutions of higher education supply talent and new ideas to the marketplace, according to the Worcester Chamber of Commerce. In fact, the professional, scientific and technical sector grew by a third, accounting for 3,498 new jobs in Worcester County between 2000 and 2010. The areas with the most growth are research and development and computer systems design, including video game design, which grew by 40% and 46%, respectively. An influx of private and public investment has helped businesses old and new. In addition to having a thriving technology sector, Worcester has a diverse and lively bar and restaurant scene, featuring a wide array of international cuisines and lots of great local craft breweries. Over the past 10 years, the city has seen $4.5 billion in major development projects, according to the Worcester Chamber, which been in the forefront of the city's strategic effort to recruit new businesses, retain and develop a talented workforce, and foster entrepreneurial innovation in the region. The city benefits from offering a streamlined permitting process, a state-of-the-art fiber-optic infrastructure, and resources to assist with business development, site selection, and financing options. Meanwhile, the cost of doing business (e.g., real estate, workforce, and the cost of living) in Worcester is less expensive than nearby larger metropolitan areas, but with many of the perks and conveniences afforded by larger cities. Accessibility is another advantage. Worcester just an hour's drive from other major New England metro areas such as Boston, Providence, Manchester, and Hartford and is served by seven major highways. The city has daily commuter trains to downtown Boston, and is home to the Worcester Regional Airport with commercial flights on JetBlue, American Airlines, and Delta. According to Biz2Credit's analysis, the other cities in the top five are: Ventura, CA, Greater Bridgeport-Stamford, CT, Portland, OR, and San Jose, CA. The California city of Ventura at sunset. getty California continues to have a stronghold on our rankings, with two of the top five coming from the Golden State. The economy of No. 2 Ventura, California, is diverse with specific strengths in agriculture, manufacturing, healthcare, retail, and hospitality. Small businesses in Ventura County (Ventura and Oxnard) had high average annual revenues ($1,075,489), strong average credit score (679), and are mature businesses. The business environment in Ventura County offers a unique combination of infrastructure, skilled workforce, financial stability, market access, and the quality of life. The Ventura County Green Business Program is a free certification program that assists small- to medium-sized businesses by implementing sustainable and cost-saving measures. This year's top 5 continues to show the strength of our nation's coastal states as hubs for small and medium size businesses. The Greater Bridgeport-Stamford Area is an employment center with industry concentrations in manufacturing, healthcare, and retail/services. In fact, the region experienced a 5% net increase of jobs between 2010 and 2020 while the rest of Connecticut experienced little or no growth, according to the Connecticut Metropolitan Council of Governments (MetroCOG). The cost of living in the Greater Bridgeport Area is nearly 15% lower than in Boston and nearly 30% lower than New York City. The organization also reports that nearly 50% of the local workforce has at least a bachelor's degree and another 20% having some college training. The area's labor pool can satisfy practically any employer's requirements, from upper management, technical and office workers to skilled employees for the production line. Greater Portland boasts the perfect mix of legacy industries and emerging technologies. Greater Portland is a destination for small businesses, as well as global brands. Portland's prime West Coast enhances the ease of doing business there. With three ports and one of America's best airports, export businesses, in particular, benefit from the Portland's national and global connectivity. Additionally, Greater Portland is home to a steady influx of young, skilled talent. With workforce development programs at local institutions and public-private partnerships at universities advancing key industries, the region's talent is the driving force behind Portland's economic development strategy. San José fell from the top spot on Biz2Credit's 2024 Best Small Business Cities list. Located in the Silicon Valley, the local economy is fueled by tech companies and the businesses that serve them. The city is home to about 66,000 businesses that employ a total of 439,000 workers in sectors ranging from advanced manufacturing to healthcare to software. This city boasts an educated workforce; 50% of San José residents have a college degree or higher 1 in 3 San José residents have a bachelor's degree or higher. The city's downtown is Silicon Valley's only urban live-work environment, home to 250+ restaurants and cafes, 40+ cultural venues, thousands of new high-rise homes. It also boasts numerous shopping destinations including Downtown and Santana Row. Below is the full list of the Top 25 Cities for Small Business for this year (with 2024 ranking in parenthesis): Smaller cities fared well in the analysis; seven of them are new to the rankings this year: Worcester, MA (1), Buffalo, NY (11), Fresno, CA (15), Richmond, VA (17), Myrtle Beach, SC (23), New Haven, CT (24), and Indianapolis, IN (25). Likewise, during a year when rising costs impacted many businesses, the largest metropolitan centers, which are usually among the most expensive places to live and work, lost ground. New York fell out of the 2024 top ten (No. 8) to No. 18 in the ranking this year. Los Angeles, the country's second largest city, dropped two spots from 17 to 19. San Diego, the country's eighth most populous city, fell from No. 6 to No. 13. Chicago, Houston, Phoenix, Philadelphia, San Antonio, Dallas, and Jacksonville, FL, did not make the list. The 2025 Top Small Business Cities Study is based on actual verified cash flows of businesses on the Biz2Credit platform during 2024. Submitted cases with an annual revenue exceeding $5 million were excluded from the revenue analysis.
Associated Press
08-05-2025
- Business
- Associated Press
Biz2Credit's Annual Top 25 Cities for Small Business Report Identifies Worcester, MA as #1
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- The 2025 Biz2Credit Top Cities for Small Business Study has identified Worcester, MA, as the top city for small businesses in its annual financial analysis. According to Biz2Credit's analysis, the other cities in the top five are: Ventura, CA, Stamford, CT, Portland, OR, and San Jose, CA. The study examined financial indicators, including annual revenue, credit score, age of business, and the proprietary BizAnalyzer® scores of businesses that applied for funding with Biz2Credit during 2024. The analysis found that small businesses' average revenue increased while credit scores dipped slightly. Key Findings: The Top 25 Cities for Small Business for this year (with 2024 ranking in parenthesis) are: 'Small businesses in Ventura County (Ventura and Oxnard) had high average annual revenues ($1,075,489), strong average credit score (679), and are mature businesses,' said Rohit Arora, CEO of Biz2Credit and one of the nation's leading experts in small business finance. 'This year's top 5 continues to show the strength of our nation's coastal states as hubs for small and medium size businesses.' Methodology The data included in this study was collected from submitted cases between Jan. 1, 2024, and Dec. 31, 2024. The study encompassed more than 75,000 applications. Biz2Credit set a threshold of 150 applications for an MSA (Metropolitan Statistical Area) to be included in the 2024 study. As a result, the MSA level analysis was based on 49,940 cases above the threshold. Data pertaining to state name, MSA, and ZIP code is from the U.S. Census. The 2025 Top 25 Cities Study is based on actual verified cash flows of merchants on the Biz2Credit platform during 2024. Submitted cases with an annual revenue exceeding $5 million were excluded from the revenue analysis. The ranking of cities in the study was established using BizAnalyzer Score (BA Score), a proprietary score developed by Biz2Credit. To determine the BA Score, Biz2Credit examined several key factors, including Credit Score, Annual Revenue, Age of Business, Debt-to-Income Ratio, and Cash Flow Analytics powered by Bank Statement Analyzer. About Biz2Credit Founded in 2007, Biz2Credit has helped thousands of companies access more than in small business financing. Biz2Credit is headquartered in New York City, employs over 800 people with over half in product, data science, and engineering roles. Using data analytics and predictive modeling, Biz2Credit seeks to enhance the accuracy and transparency of business credit decisions, fueling long-term economic development. Visit or follow the company on LinkedIn, Instagram, Facebook, and X (formerly Twitter). Media Contact: Brett Holzhauer, (818) 326-1109, [email protected]
