Description
About Us
Founded in 2007, Biz2Credit is rated as the Number 1 small business financing resource in the U.S. by Entrepreneur Magazine. Till date, we've facilitated more than $8 billion in small business funding.
Biz2Credit, an all-in-one financing solution for entrepreneurs to get small business funding with fast approval process. Explore the best small business financing options with us!
Biz2X is the technology platform that has helped Biz2Credit become the premier alternative funder for small businesses. Now, traditional banks are leveraging our expertise and experience to automate small business lending. Biz2X allows banks to implement AI-powered digital banking. This allows bank's clients to have a fully omnichannel experience with data and workflows that adapt seamlessly to the bank's core banking systems.
Biz2X platform's world-class risk solutions are based on AI algorithms that enables auto decision-making and quick processing. Biz2X is "One Platform That Does It All" - automates lending, optimizes risk management, and improves operational efficiency.
We seek senior underwriters who have experience underwriting for Merchant Cash Advance (MCA) businesses.
Responsibilities for the role
- Perform due diligence on eligible deals (e.g., valuation, credit review, financial document review, merchant research, risk assessment, review site inspections, etc.) Analyze the data from prospective merchant applications. credit reports, business bank & credit card statements, business financials, P&L, Balance Sheets, Tax Returns, and other related financial and diligence information
- Conduct interviews with merchants
- Collaborate with Processing department to finalize
- Present pricing, stipulations, and terms within risk parameters for eligible deals; communicate funding offers to merchants
- Analyze the data from prospective merchant applications. credit reports, business bank & credit card statements, business financials, P&L, Balance Sheets, Tax Returns, and other related financial and diligence information
- Interact with internal Sales Team and the Funding Team
- Apply appropriate underwriting criteria to applications following published credit policy to mitigate financial exposure properly.
- Read and analyze credit reports, merchant processing statements, bank statements, and financial statements to determine the merchant's ability to support the exposure associated with their business type and requested parameters.
- Gather due diligence data from various locations, including but not limited to third party vendor websites, the internet, the client obtained data, etc. to make approval/denial decisions
- Performing extensive due diligence searches on each client submission eligible for an offer, including lien searches, landlord verifications, order credit reports, and background searches
Requirements
- Minimum of 7+ years of experience working for a financial services firm,
- preferably in the cash advance or MCA space.
- Underwriting experience in alternative financing (MCA, Term Loans)
Benefits & Perks
Generous medical, dental, and vision insurance.
401K match, stock options, commuter benefits, and employee incentive plan.
Catered lunch and team events.
In the News
Named to Deloitte Technology Fast 500.
Inc 5000 - fastest growing private companies in 2022.
Crain's New York Fast 50.
Great Place to Work Certified.
Salary Range
$80k-$110k
What the Team is Saying
What We Do
Biz2Credit, a financial technology company founded in 2007, that provides funding to small business and Biz2X, a rapidly growing, high-growth Series B ($52M), SaaS digital lending platform start-up disrupting a $1.4 Trillion dollar industry.Biz2Credit is focused on funding what’s next for small business. We leverage data, cash flow insights, and the latest technology to give business owners an automated small business funding platform. Biz2Credit has provided over $7 billion in small business loans and financing.
In 2019, Biz2Credit launched the cloud-lending SAAS paltform Biz2X. Biz2x is an AI-powered digital banking platform that helps financial institutions automate business lending. Our cloud-based technology helps transform lending at scale, by providing a more user-friendly experience for small businesses, while helping our partners increase efficiency, optimize risk, and expand into new markets. Our clients include top 100 global banks, regional lenders, and financial service providers.
Why Work With Us
We are a collaborative culture that gives all employees the opportunity to develop. We regularly promote from within and believe that mistakes are opportunities to learn and improve. Our team has some of the brightest people on the planet all dedicated to a better financial world.
Gallery
Biz2Credit Inc. Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
