Better.com (NASDAQ: BETR), an AI-powered digital homeownership company, today announced a new partnership with Biz2Credit, a financing platform for small businesses. This collaboration will provide Biz2Credit’s customers with the option to receive $50,000 to $500,000 in additional financing options through Better.com’s Home Equity Line of Credit (HELOC) and Home Equity Loan (HELOAN) products.
Founded in 2007, Biz2Credit has supported more than 250,000 small businesses with more than $10 billion in financing on its Biz2X digital financing platform. This partnership highlights the companies’ shared mission of leveraging AI and other advanced technology to support early stage entrepreneurs in need of additional capital with simple, fast, and accessible financing solutions.
“By joining forces with Biz2Credit, in addition to delivering on our mission for homeowners, we are most excited about the opportunity to empower thousands of small business owners with more financial flexibility to thrive,” said Vishal Garg, CEO and founder of Better.com. “We continue to accelerate the opportunity to secure financing with faster and more intelligent lending products, and this partnership will enable Biz2Credit customers to access our industry-leading technology and secure additional liquidity from their homes.”
As a part of this partnership, Biz2Credit customers will be offered a $250 price concession when funding a HELOC or HELOAN through the Better partnership channel. To access the offering, Biz2Credit customers can visit a dedicated and co-branded landing page hosted on Better.com, where they will have access to Better’s end-to-end second lien mortgage origination experience, powered by Tinman, Better’s proprietary loan origination platform.
“Small businesses are a critical component of the U.S. economy. Business owners and aspiring founders need the flexibility to obtain capital conveniently,” said Rohit Arora, CEO and co-founder of Biz2Credit. “Our partnership with Better.com gives entrepreneurs a unique opportunity to obtain additional financing from Better, secured with their real estate assets. We are glad to partner with companies like Better.com that share our vision of using data and AI to make financing easier to access.”