Paychex Announces Partnership with Biz2Credit for New Small Business Loan Resource Center

ROCHESTER, N.Y.--(BUSINESS WIRE)-- Paychex, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses, has partnered with Biz2Credit, a leading online credit resource for small businesses, to offer the Paychex Small Business Loan Resource Center, an online resource that gives business owners access to more than 1,200 lenders offering a variety of loan options that fit businesses’ specific financing needs.

“Through our partnership with Biz2Credit and our new loan resource center, Paychex is underscoring its commitment to helping small businesses succeed by giving them access to the funds they need to start, grow, and manage their business,” said Frank Fiorille, Paychex senior director of risk management. “Because insufficient capital is a leading cause of small business failure, we’re excited to partner with a company like Biz2Credit that has made it easier for business owners to secure the loans that keep their doors open, and their businesses thriving.”

Through the Paychex Small Business Loan Resource Center, small business owners have access to lenders and a variety of business loans and other small business financing products, including U.S. Small Business Administration (SBA) loans, micro-loans, commercial real-estate loans, and business lines of credit, among others. A pioneer in the loan industry, Biz2Credit uses the latest technology to match borrowers to financial institutions based on each company’s unique profile in a safe, efficient, and price-transparent environment.

"We are pleased to partner with an industry leader like Paychex to introduce financing options to the 570,000 businesses they serve throughout the country,” said Rohit Arora, CEO of Biz2Credit.

“Although things have improved since the depths of the recession, it is by no means easy for small business owners to secure financing today. Through our partnership with Paychex, we can bring options to light that they may not have known existed, or how to gain access to," Arora added. "Biz2Credit helps streamline the process, saving valuable time, effort, and cost in order to get small business owners the best financing options available today."

With the new Paychex loan center, business owners can quickly and easily find the best loan options available to them by providing a few brief details about their business and filling out a single application that matches their criteria against more than 1,200 lenders. They then have the option of working with a dedicated Biz2Credit loan specialist to explore their options and select a loan with confidence.

For more information or to get started on a loan application today, visit the Paychex Small Business Loan Resource Center.

About Biz2Credit

Founded in 2007, Biz2Credit is a leading credit marketplace connecting small- and medium-sized businesses with lenders, service providers, and complementary business tools. The company matches borrowers to financial institutions based on each business's unique profile -- completed in less than four minutes -- in a safe, efficient, price-transparent environment. Biz2Credit's network consists of 1.6 million users, 1,200+ lenders, credit rating agencies such as D&B and Equifax, and small business service providers including CPAs and lawyers.

Having arranged more than $1 billion in funding throughout the U.S., Biz2Credit is widely recognized as the #1 online credit resource for small business loans, lines of credit, equipment loans, working capital and other funding options. Visit www.biz2credit.com, follow on Twitter @Biz2Credit and on Facebook at www.facebook.com/biz2credit.

About Paychex

Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and employee pay services, including direct deposit, check signing, and Readychex®. Human resource services include 401(k) plan recordkeeping, section 125 plans, a professional employer organization, time and attendance solutions, and other administrative services for business. A variety of business insurance products, including group health and workers' compensation, are made available through Paychex Insurance Agency, Inc. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 570,000 payroll clients as of May 31, 2013. For more information about Paychex and our products, visit www.paychex.com.

Stay Connected with Paychex

Twitter: www.twitter.com/paychex
Facebook: www.facebook.com/paychex
LinkedIn: www.linkedin.com/company/paychex/products

Media
Paychex, Inc.
Tracy Van Auker, 585-387-6643
Public Relations Program Manager
tvanauker@paychex.com
@PaychexNews
or
Over The Moon PR (for Biz2Credit)
John Mooney, 908-663-2121
john@overthemoonpr.com

Source: Paychex, Inc.

Released October 23, 2013