Rohit Arora | Source | CEO and Co-Founder at Biz2Credit
Rohit Arora
Rohit Arora, CEO of Biz2Credit, is one of America's top experts in small business lending and the use of FinTech to streamline the funding process. In 2011, he was named New York City's “Top Entrepreneur” by Crain’s New York Business, which named Biz2Credit among NYC’s “Fast 50” of 2014 and 2016. He has met with top executives from the Federal Reserve and SBA and was invited to the White House by the President's Council of Economic Advisors to update economists on matters related to small business lending.
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Forbes Finance Council (https://forbesfinancecouncil.com/)
Official Member -
Biz2Credit (https://www.biz2credit.com)
CEO and Co-Founder
started Sep 2006
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Despite concerns, lenders are still making restaurant loans
A Biz2Credit study says banks are approving restaurant loans at a much higher rate than other industries.
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Big Banks Approved Small Business Loans at Pre-Recession Rates, Small Banks Granted More Than Half of Their Funding Requests in November, According to Biz2Credit Small Business Lending Index™
Business loan approvals rise for banks, while institutional lenders, alternative lenders and credit unions dip slightly
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Startup Costs in 2025: Expert Insights from Biz2Credit CEO
Rohit highlights that startup costs vary by industry, with franchises like McDonald's requiring up to $2.5 million. Key expenses include office space, equipment, and marketing. He advises, "Double estimated costs to cover unforeseen setbacks." Surprising costs include permit fees and insurance hikes. Rohit emphasizes securing more funding than anticipated to handle emergencies, facilitated by digital funding platforms like Biz2Credit. -
Embedded Finance: A Game-Changer for the Payments Sector in 2024
Rohit highlights embedded finance as a transformative technology for 2024, enhancing revenue and customer satisfaction by leveraging client data for financing. He notes the industry's fragmentation, especially in the U.S., as a barrier to innovation. Rohit emphasizes successful collaborations in the Middle East, where companies like Magnati and Network International use technology to provide credit solutions to small businesses. -
Trump's Tax and Tariff Proposals: Potential Impacts on American Economy
Rohit predicts Trump may extend the 2017 Tax Cuts and Jobs Act, lower corporate tax to 15%, and eliminate taxes on tips and overtime pay. Proposed tariffs include 60% on Chinese goods and 15% on others, impacting importers but potentially boosting U.S. manufacturing. These changes could significantly affect American taxpayers and businesses.
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The purchasing power of people has been pretty good. That has really benefited restaurants.
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The economy continues to show strength, and this bodes well for small businesses in search of capital. Entrepreneurs are optimistic about the future, and banks are willing to lend. The holiday shopping season has gotten off to a good start, and overall, companies have done well in 2018. It’s a good economic atmosphere for small business lending at the moment. I expect this to continue into the New Year.
