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CPALoanPortal

PostPosted: 20-Jan-2021 2:39pm
by mitchel6
Has anyone used the Biz2credit's Cpaloanportal to help clients get loans? It seems like the AICPA and CPA.com have been advertising this a lot lately. I have a couple of clients that can't get a bank to help them out or are too busy to respond to them. Anybody have any luck with Biz2credit.

Thanks

Re: CPALoanPortal

PostPosted: 20-Jan-2021 3:09pm
by ReckedCPAEA
PPP loans, or just loans in general.

If you need PPP loans, check out PursuitLending.com (out of Albany NY) or TheLoanSource.com (out of NY NY)

A couple smaller local banks are using these as 3rd party clearing houses for the PPP apps/portals because the smaller banks don't have the resources in place to handle the volume.

Re: CPALoanPortal

PostPosted: 20-Jan-2021 3:35pm
by mitchel6
I was talking about the PPP loans.

Re: CPALoanPortal

PostPosted: 6-Feb-2021 1:10pm
by jerdavcpa
I am using it. Four applications so far with one of them already funded. Application process is easy. Status update were clunky at first but they are making improvements and are responsive to questions/support needs.