Ramit Arora — profile dossier

Identity & role

Ramit Arora is co-founder and President of Biz2Credit (and its Biz2X bank-software arm), which he founded in 2007 with his brother Rohit Arora (CEO). He heads the company's credit and sales operations (American Banker author bio); Wikipedia (secondary) records the company's India operation.

Career arc

Co-founded Biz2Credit in 2007 as an online small-business lending and credit marketplace; built out the credit, underwriting, and sales functions.

Pandemic relief role

Biz2Credit, through its lending affiliate Itria Ventures LLC, was a PPP lender of record (see the Biz2Credit profile); the SBA lender-report ranking previously cited here is not in any copy we have. The company and Itria settled an FTC action in March 2024 (No. 1:24-cv-02001, S.D.N.Y.) for $33 million over alleged deceptive claims about PPP processing times and the handling of withdrawal requests, neither admitting nor denying the allegations; the FTC announced it together with its $26 million settlement with Womply that day.

Legal status / government-program record

The FTC action named Biz2Credit, Inc. and Itria Ventures LLC (the entities), not Ramit Arora personally. We found no personal charge.

A 2020 Senate LDA filing by Kasowitz Benson Torres LLP for Biz2Credit listed work on CARES Act provisions, SBA lender applications, and PPP. A 2023 filing listed SBA COVID relief, small-business lending, fintech, and regulatory matters, and named Clarine Nardi Riddle among the registered lobbyists. A 2025 filing confirms Kasowitz continued representing Biz2Credit, though it does not repeat the 2023 filing's issue description.

Where they are now (2025–2026)

Ramit Arora remains President and co-founder of Biz2Credit (American Banker author bio; personal site capture); the company management page is cited, but we do not have a copy.

Sources held in this archive

Original source documents and archived captures

Sources

Biz2Credit management team (Ramit Arora, President & co-founder): Biz2Credit management team, Jonathan Gitlin (original: biz2credit.com · stored capture)
Wikipedia — Biz2credit (founded 2007 by Rohit and Ramit Arora): Wikipedia — Biz2credit founded 2007 by Rohit and Ramit Arora (original: en.wikipedia.org · stored capture)
FTC v. Biz2Credit/Itria (S.D.N.Y. 1:24-cv-02001): FTC v. Biz2Credit case documents
Senate LDA filing, Kasowitz for Biz2Credit (2023; SBA COVID relief/fintech issues): Senate LDA filing, Kasowitz for Biz2Credit 2023; SBA COVID relief/fintech issues (original: lda.senate.gov · stored capture)
Senate LDA filing, Kasowitz for Biz2Credit (2020; CARES Act/SBA lender application/PPP): Senate LDA filing, Kasowitz for Biz2Credit 2020; CARES Act/SBA lender application/PPP (original: lda.senate.gov · stored capture)
Senate LDA filing, Kasowitz for Biz2Credit (2025; later filing record): Senate LDA filing, Kasowitz for Biz2Credit 2025; later filing record (original: lda.senate.gov · stored capture)
LegiList, Kasowitz LLP LDA history showing Biz2Credit no-activity listing in 2026: LegiList, Kasowitz LLP LDA history showing Biz2Credit no-activity listing in 2026 (original: legilist.com)
Ramit Arora personal site: Ramit Arora personal site (original: ramit-arora.com · stored capture)
American Banker author bio, Ramit Arora: American Banker author bio, Ramit Arora (original: americanbanker.com · stored capture)
Cross-reference: Rohit Arora, Biz2Credit