SmartBiz
Online Payday Personal Consumer Loans up to $5,000
Easy Application, Fast Processing, Quick Approval, Any Credit Score
Request a LoanSmartBiz is a lender offering business loans. The selected banks in the business lending network have funded over $1.5 billion in small business loans. This company offers SBA and bank term loans under $350,000. Almost 90% of loans are approved by the banking institutions in their business network.
| Company name | SmartBiz |
| Founded | Unknown |
| Address | 433 California Street, San Francisco, CA 94104 |
| Website | https://www.smartbizloans.com/ |
| Phone number | (866)-283-8726 |
| [email protected] |
Pros
- Business Loans
- Loan Amount for up to $300,000
- Reasonable Interest Rate
- Clear Procedure
Cons
- 7 Days to Transfer Funds
- Increase APR
Bottom Line
SmartBiz is an online lender that offers SBA and bank term loans. The maximum loan amount is $350,000. SBA loans through banks in the SmartBiz lending network have a variable rate of Prime Rate plus 1.5% to 3.75%. It provides loans using an online application.
Types of Loans
SmartBiz offers SBA and bank term loans. SBA loans are a government-guaranteed small business loan that has a long-term and a low-interest rate. Bank term loan is a short-term, fixed-rate loan with stable monthly payments.
Requirements
SBA Loans from $30,000 to $350,000 requirements are:
- Minimum 2 years in business
- U.S. based business owned by a US citizen or Lawful Permanent Resident who is at least 21 years old
- Good personal credit score of 640 or higher
- No outstanding tax liens
- No bankruptcies or foreclosures in the past 3 years
- No recent charge-offs or settlements
- Current on government-related loans
SBA from $500,000 to $5 million requirements are:
- The real estate must be majority owner-occupied
- Time in Business: 2+ Years
- Business owners must have personal credit scores above 675
Bank term loans’ requirements are:
- 2+ years in business
- Business owners must be U.S. citizens or legal permanent residents
- Business owners must have personal credit scores above 640
- Cash flow to support loan payments
Category: Online Loans
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Posted by Deborah Wagner