SmartBiz operates as SmartBiz Bank and focuses on helping established businesses access SBA loans, bank term loans, and lines of credit through a streamlined digital application process. More than 230,000 entrepreneurs have utilized SmartBiz's platform to access the funding they need to grow, with 60% of loans made to minority, women, or veteran-owned businesses. The platform differentiates through digital prequalification and advisor-led support rather than traditional bank relationships.
Cyborg Score Rationale
SmartBiz has a 4.6 out of 5 on Trustpilot, with positive reviews praising the company for making the SBA application process easy and its customer service. The company faces competitive pressure from multiple fintech and traditional alternatives, but maintains a loyal customer base. Scale and investor backing provide runway, though regulatory and credit-quality risks persist.
Top Insights
SmartBiz was named the Top Small Business Lending Platform by LendIt Fintech® in 2022 for excellence in keeping the economy running through successful loan performance, volume, growth, product diversity, and innovation.
As of January 2026, SmartBiz Loans has 186 employees.
SmartBiz offers SBA loans to businesses for meeting various needs such as working capital finance and equipment financing, with loan amounts ranging from $5,000 to $350,000 for terms not exceeding ten years.
Key investors include Catapult VC, BRONZE (California), Enova International, Patricia Industries, and Baseline Ventures, among 12 total investors.
Named Competitors
CrowdOut — Online small business loan marketplace
The Small & Medium Business Exchange — Small business financing platform
Funding Circle — P2P lending platform for SMB financing
Lendio — Small business lending marketplace connecting borrowers with multiple lenders
OnDeck — Online small business lending platform providing fast term loans
Kabbage — Online platform providing quick access to business lines of credit
Recent Developments
(March 2025) Raised a Seed funding round with 0 investor participation, bringing total funding to $490K
(January 2026) Employee count stood at 186 employees across operations
(June 2026) Company continues to market expanded product suite including SBA 7(a) loans, bank term loans, and lines of credit
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