Biz2Credit, a small business financial technology platform, announced on Tuesday that it has formed a partnership with transportation finance firm and provider of equipment financing/leasing solutions, Advantage Funding.
Biz2Credit revealed that through the partnership, Advantage Funding will utilize the acquisition channels on the small business lending marketplace to provide finance for commercial vehicles to end users.
It was noted that Advantage Funding will back the loans originated through Biz2Credit. Advantage Funding also has access to a full range of technology and business solutions, including data and risk analytics through Biz2Credit’s patented BizAnalyzer Score.
Al Damiani, CEO of Advantage Funding, stated:
“We are always looking for ways to expand the services that we offer to our clients. Through our arrangement with Biz2Credit, we can provide borrowers with easier access to capital than ever before, while mitigating risk and offering competitive pricing.”
“This landmark partnership enables small business owners to secure capital quickly while broadening our network of asset-based loan products and institutional lenders. We are excited to expand our footprint in the small business finance industry.”
Biz2Credit has notably delivered more than $1.3 billion in financing to thousands of small and mid-sized companies. Advantage Funding is a subsidiary of Macquarie Group Limited, a provider of investment banking and financial services.