The portal, developed by CPA.com and Biz2Credit, has been used to help CPAs and their clients with obtaining fund through government-based programs such as the Paycheck Protection Program.
The system offers an all-online application and closing process and a quick turnaround on loan decisions.
CPA.com says the new capability provides “competitive financing terms” with a discount that amounts to about 1 percent to 2 percent on the loan annual percentage rates for loans ranging from $25,000 to $1 million. Non-variable interest rates are secure through Biz2Credit. Firms have the option to earn commissions on funded financing applications.