Bizfi Review

ByDerek PorterNov. 16, 2020

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In a Nutshell

This online marketplace offers customers the chance to compare loans and lenders with technology professionals, helping small and mid-sized businesses receive funding in as little as 1 business day. Bizfi has a broad range of loan types and terms, with an easy-to-meet pre-approval process.


  • Originates short-term loans with transparent service
  • Loan terms and amounts provide a range of possibilities


  • Not the loan originator on many options offered
  • Some loans include prepayment and origination fees

Bizfi At a Glance

Loan types Multiple financing options
Loan amount$3,000 to $1 Million
Repayment Terms 3 months to 10 years
Top Pro Impressive array of financing alternatives
Top Con Terms can vary according to partner
Suitable for Companies that may not have great credit


Bizfi, formerly operating as Merchant Cash & Capital, offers customers an automated and transparent, online business financing marketplace. Bizfi is currently operated by a team of financial and technology professionals with decades of combined experience in delivering financing solutions. Though the company does offer its own short-term financing solutions, Bizfi also helps small businesses with unique demands find the right loan through 1 of several trusted lenders. The online marketplace includes a quick prequalification process and matching system that helps businesses receive funding in as little as 1 business day.

Suitable for?

For companies that require financing but may not meet an institutional lender’s stringent approval requirements, Bizfi may be the right fit. The institution’s services are designed to offer businesses the right financing solution for their specific needs and conditions. While some competitors specialize in certain loan types, Bizfi offers customers both short- and medium-term loans, as well as other financing options designed for borrowers without great credit. With relatively easy-to-meet pre-approval requirements, most businesses will find some sort of funding even if they have been turned down by institutional lenders. Bizfi’s own short-term loan services are geared towards this same demographic, offering a fast and affordable solution to cover shortfalls in revenue.

Loan Features

Unlike many other online lending marketplaces, Bizfi presents a hybrid model for business loans. While working to connect lenders to borrowers for a variety of financing alternatives, Bizfi also offers an in-house lending solution for customers seeking short-term funding.

In Bizfi’s marketplace, customers can discover medium-term loans, equipment financing, invoice financing, business lines of credit, and other more specialized solutions such as franchise or medical financing. The broad range of loan terms, amounts, and rates offered through Bizfi’s lender network is also quite impressive. Companies can find the funding alternative they need at comfortable repayment terms and rates. Additionally, Bizfi’s services do not have a high requirement for approval, making it easier for business owners that are still improving their credit to access funding.

Bizfi Highlights:

  • Short- or long-term financing solutions
  • A wide variety of loan options for various business needs
  • A range of loan repayment terms and amounts
  • Short-term loans available directly from Bizfi
  • Get matched with up to 7 lenders, instantly
  • Fast and painless pre-approval application
  • Easy-to-reach customer support
  • Specialized financing solutions

The Application Process

Getting started with Bizfi only takes a few minutes. The company’s application process is divided into 2 sections: pre-approval and closing a loan. Bizfi works with customers throughout the process to ensure they uncover the financing solution that is most likely to receive approval.

The initial prequalification process only takes a few minutes and is the same process for every application. Borrowers must fill out a form on Bizfi’s website. For business borrowers who have already registered with one of the company’s partners, the process can be expedited as information can be gathered automatically.

To receive pre-approval, companies must be operational for a minimum of 3 months prior to requesting financing, while reporting a minimum of $10,000 in revenues per month. Once the pre-approval process is complete, customers are matched with a variety of financing options. After choosing an option, borrowers will be requested to submit documentation as required by their chosen lender. Following the loan application approval, funds can be disbursed in as little as 1 day, depending on the financing option chosen.

Loan Terms – Loan Choices

When it comes to finding a financing solution, Bizfi offers borrowers a large variety of choices. Bizfi’s short-term financing loans even feature a funding time as short as 24 hours, with loan amounts between $3,000 to $500,000. While Bizfi originates these loans, they also offer businesses access to a wide network of loan providers able to deliver financing alternatives.

Bizfi’s marketplace model provides the following loan options for business borrowers:

  • Medium-term loans starting at $25,000 and up to $500,000
  • Small Business Administration loans that start at $5,000 and can reach as high as $350,000
  • Equipment financing for leasing and purchasing as high as $1 million
  • Invoice financing for receivables of up to $100,000
  • Lines of credit up to $100,000 that can be funded in as little as 1 day
  • Medical financing for clinics and private practices that stretch as high as $500,000
  • Franchise financing for business owners looking to stabilize or expand their businesses, with amounts up to $1 million per franchise location

Bizfi hosts an impressive range of choices when it comes to finding the right combination of financing designed to help a business reach its growth goals. The quality of the company’s matching system is impressive. Upon completion of the initial application, you can be matched with a host of different alternatives featuring unique terms, rates, and amounts. For businesses in a less advantageous financial situation, Bizfi is prepared to offer borrowing choices as well. The variety of financing options available means that business owners with poor credit can readily access the funds necessary to continue growing their enterprises.

Repayment Terms

While rates will vary depending on the business and may change from lender to lender, Bizfi offers multiple choices for repayment terms. Short-term financing and lines of credit offer the quickest repayment timeframes—3 and 6 month terms respectively. Bizfi’s other lending solutions have terms as short as 1 year, but offer differing lengths when it comes to loans with more longevity. The longest available terms are for SBA loans which can stretch as far as 10 years. In terms of payment frequency, most loan alternatives offer bi-weekly or monthly payments, with the exception of short term financing which features daily repayment.

How Safe is It?

Bizfi puts significant effort towards protecting customer data. They collect both identifiable and non-identifiable information from customers, but are transparent as to how this data is collected. Furthermore, Bizfi is very clear about how this data is used, which includes providing services to customers and marketing efforts. Bizfi only shares information with third parties in order to fully extend services to clients. The company utilizes industry-standard security measures to protect customers’ data, including both electronic and physical safeguards that ensure data is always secure.

Help & Support

Customers can reach Bizfi via an email claim on the website or through a toll free number. The support services are well rounded, offering a team of support agents that were knowledgeable and courteous when it came to answering our queries. Wait times for both calls and emails were relatively short and the company offers extensive information resources on its website. These include a useful FAQ section, a series of infographics, insightful articles, and financial calculators that help customers understand the potential impact of a loan on their business.


Customers looking for a variety of financing options will likely find Bizfi’s blend of marketplace and lender, appealing. The short-term financing alternative is an ideal solution for businesses with poor credit looking to catalyze growth. The multiple alternatives offered through Bizfi’s marketplace make them attractive to all businesses. With excellent repayment terms and loan amounts available, Bizfi is a good option for funding that won’t leave a lasting impact on a company’s bottom line. Excellent support and informational services make Bizfi a well-rounded and strong choice when it comes to business financing.

Physical Address


460 Park Avenue South, 10th floor

New York, NY