Latest news with #Biz2Credit
Yahoo
12-06-2025
- Business
- Yahoo
Biz2Credit Small Business Earnings Climb for Fifth Consecutive Month
Analysis shows small businesses grew earnings in May despite uptick in expenses and looming tariff uncertainty. NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) -- Biz2Credit's monthly Small Business Earnings Report found that average monthly earnings were up to $49,300 in May 2025, up slightly from April's number. This continues a positive run for earnings, rising 53% since January. Key Findings for May 2025: Average Monthly Earnings: $49,300. (Apr. 2025: $47,700 – an increase of $1,600) Average Monthly Revenue: $592,600. (Apr. 2025: $554,900 – an increase of $37,700) Average Monthly Expenses: $544,200. (Apr. 2025: $501,900 – an increase of $42,300) Takeaways: As summer months approach and inflation remains tempered, small businesses are seeing growth in top line revenue, expenses, and earnings. The positive marks for enterprise operators echo the sentiment in the U.S. Small Business Confidence Index, which rose for the first time since December. 'Small and medium businesses continue to remain resilient as tariff negotiations remain in limbo,' said Rohit Arora, CEO and co-founder of Biz2Credit. It was expected that tariffs would send prices upward as businesses were estimated to raise prices, and bring rising inflation. Those results have yet to materialize. A plausible explanation is that businesses frontloaded their inventory to skirt tariffs. 'Additionally, tax policy has become a rising question mark for many business owners, as Congress and the White House remain at odds over the Big, Beautiful Bill,' added Arora, one of the nation's leading experts in small business finance. A report from the NFIB says that taxes are a top concern as the provisions of the Tax Cuts and Jobs Act in 2017 remain unconfirmed at this time. 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 May 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
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Business Standard
10-06-2025
- Business
- Business Standard
Biz2x aims to secure ₹17,000 crore loan disbursal to MSMEs in FY26
Biz2X, a digital lending SaaS platform, is eyeing to disburse Rs 17,000 crore loans to MSMEs in 2025-26 against Rs 14,000 crore in the fiscal ended March 2025. The company said it facilitated over Rs 14,000 crore in loan disbursements through its India operations in 2024-25, continuing with the year-on-year growth of 25-30 per cent. The turnkey global SaaS platform enables financial institutions to provide a customised online lending experience for small and midsize business customers. This growth reflects the company's strong focus on AI-driven product enhancements and deeper solution integration, which is driving new customer acquisition and has strengthened lending infrastructure, said Rohit Arora, co-founder and CEO of Biz2X and Biz2Credit. "We see that if we can maintain the current pace of growth, then we can increase it by another 1520 per cent this fiscal year. Obviously, there are some areas of concern, especially with the global situation regarding US tariffs, because Indian SMEs contribute a large part to Indian exports. A lot of those exporters actually lose credit significantly," he said. "But if that situation settles down quickly, the company will achieve close to 20 per cent growth," Arora said. He expects to achieve Rs 17,000 crore mark this fiscal. Harnessing the increase in digitisation across the world, the advent of artificial intelligence and increasing global expansion, the platform plans to further scale reach and impact across the financial ecosystem amid increasing demand for inclusive access to credit. It is focused on enhancing service delivery in high-growth regions in line with India's rising prominence in the Global Capability Center (GCC) landscape projected to reach USD 110 billion by 2030. On MSMEs, Arora said while the government has taken good policy measures, one key step could be learning from other countries and creating deeper demand for MSME loan portfolios in the capital markets. Once that happens, it becomes a self-sustaining cycle, he added. "Right now, banks lend to MSMEs and hold the loans on their books. There's some securitisation, but nowhere near the level seen in the US or other nations. That's the first thing," he said. The second aspect is the credit guarantee programme run by SIDBI, which has done well, but could be improved further, he added. On the company's expansion plans, Arora said the company has operations in India, the US and the UAE, and is also expanding to Saudi Arabia. The company is focused on diversifying its product portfolio in India and pushing AI-driven solutions. Biz2X, Arora said, is supporting small businesses to address vast credit gaps by leveraging AI-based underwriting using digital footprints.
Entrepreneur
09-06-2025
- 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
07-06-2025
- 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
