Biz2Credit and CPA.com introduced a new SBA 7(a) lending option to the CPA Business Funding Portal, a cloud-based platform that supports accounting firms in securing business financing options for clients.
“Rising interest rates and the tightening of lending at big banks, as well as small and midsized banks, have combined to create a credit crunch for small business owners in need of capital,” Rohit Arora, CEO and co-founder of Biz2Credit, said. “We are proud to partner with CPA.com to expand the options available through the CPA Business Funding Portal to help business owners get the funding they need through the SBA 7(a) program.”
The CPA Business Funding Portal was developed to support the role of advisors in the lending process and provides a 100% online financing application process, a consolidated dashboard for client management, firm-wide collaboration with user role management, integrations with client payroll, and bank account and application preview and modification features.
“In an increasingly complex economic environment, small and midsize businesses need a trusted advisor to help navigate complexity and manage cash flow,” Erik Asgeirsson, president and CEO of CPA.com, said. “Financing advisory is a growing area within client advisory services (CAS) practices, and the addition of the SBA lending option to the CPA Business Funding Portal better positions firms to deliver more holistic financing guidance and secure the capital their SMB clients need to run their businesses and invest in future growth.”
