Better FinanceClosed
SmartBiz is the #1 online marketplace for SBA loan originations $350,000 and under, providing fast, low-cost SBA loans to small businesses across America to help them thrive. The company streamlines the SBA application process, enabling banks to make loans efficiently and small businesses to apply and get funds quickly. The SmartBiz platform provides advanced underwriting capabilities for banks that translate into an amazing overall small business lending experience. This innovative technology, as well as the low monthly payments and 6% to 7%* interest rates combined with long repayment terms for borrowers, has resulted in nearly $2 Billion in SBA loan applications processed since launch in late 2013. The San Francisco based company was founded in 2009 by a team of experienced financial services entrepreneurs with backing from leading venture capital firms including Venrock, First Round Capital, Investor Growth Capital, Baseline Ventures, and SoftTech VC.
Member count: 51-200
Total raised: $36.5M