Details

Last Funding Type

Seed

Industries

Financial Services,FinTech,Lending,Marketplace

Founded date

Jan 1, 2009

Number Of Employee

51 - 100

Operating Status

Active

SmartBiz Loans is the #1 online SBA loan marketplace for small business loans. The intelligent technology platform makes applying for an SBA loan fast and easy while increasing the likelihood of approval for small businesses by matching the borrower with the SBA preferred lending bank most likely to fund their particular business. 90% to 95% of the loans SmartBiz refers to its bank partners get funded. Bank partners using the SmartBiz platform to originate and underwriter SBA loans in a compliant manner can also process these loans 70% to 90% more efficiently then before.

Based in the financial district of San Francisco, SmartBiz Loans is privately held. The company was founded in 2009 by a team of experienced financial services entrepreneurs with backing from leading venture capital firms including Investor Growth Capital, Venrock, First Round Capital, Baseline Ventures, and SoftTech VC.