HousingWireHousingWire
Better.com today announced a new partnership with Biz2Credit, which will provide Biz2Credit’s customers the option to receive $50,000 to $500,000 in additional financing options through Better.com’s Home Equity Line of Credit (HELOC) and Home Equity Loan (HELOAN) products.
As a part of the partnership, Biz2Credit customers will be offered a $250 price concession when funding a HELOC or HELOAN through the Better partnership channel.
To access the offering, Biz2Credit customers can visit a dedicated and co-branded landing page hosted on Better.com, where they will have access to Better’s end-to-end second lien mortgage origination experience, powered by Better’s loan origination platform, Tinman.
“By joining forces with Biz2Credit, in addition to delivering on our mission for homeowners, we are most excited about the opportunity to empower thousands of small business owners with more financial flexibility to thrive,” said Vishal Garg, CEO and founder of Better.com.
Rohit Arora, CEO and co-founder of Biz2Credit, said that the partnership diversifies each’s distribution channels.
“Small businesses are a critical component of the U.S. economy. Business owners and aspiring founders need the flexibility to obtain capital conveniently,” Arora said. “Our partnership with Better.com gives entrepreneurs a unique opportunity to obtain additional financing from Better, secured with their real estate assets. We are glad to partner with companies like Better.com that share our vision of using data and AI to make financing easier to access.”
