SmartBiz Reviews

Learn more about SmartBiz with customer reviews, loan options, and frequently asked questions.

Updated on June 29th, 2022

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SmartBiz is a small business lender that specializes in SBA loans. SmartBiz also offers non-SBA loans with flexible repayment options.

Loan Options:

Loan Type


SBA Loan

Up to $5,000,000.00

Term Loan

$30,000.00 to $200,000.00

SmartBiz Reviews

Pros: Generous loan options for large and small businesses. Great customer service.

Cons: More additional fees than other lenders.

Bottomline: SmartBiz is a proven lender that specializes in SBA Loans and helps borrowers throughout the entire application process.

Key Information:

Legal Name

BillFloat, Inc. dba SmartBiz Loans


Sean O'Malley

Founding Date

Jan 01, 2009


433 California Street, San Francisco, CA 94104 United States

Number of Employees


Number of Customers




1 (866) 283-8726



What is Smartbiz?

SmartBiz helps small businesses to apply for SBA loans through its network of preferred SBA lending banks and helps increase approval rates by matching small businesses with the bank most likely to approve their application.

What types of SBA loans do SmartBiz marketplace banks offer?

SmartBiz facilitates SBA 7(a) loans for:

  • Working capital.
  • Debt consolidation.
  • Equipment purchases.
  • Commercial real estate purchases or refinance.

How is my identity and data privacy protected by SmartBiz?

Your data is encrypted on a high-level encryption network, and Smartbiz monitors every step of each transaction. SmartBiz uses GoDaddy Secure Site as a third-party verification to confirm that all transactions on the site are protected with 256-bit Secure Sockets Layer encryption.

Why should I apply for an SBA loan through SmartBiz?

SmartBiz’s advanced software streamlines the SBA loan application process that enables small businesses to easily apply online and get funds in as quick as 7 days.

What is the minimum amount for SmartBiz term loans?

SmartBiz loans can be taken out at a minimum of $30,000.00 per loan for qualified borrowers.

Will my loan application at SmartBiz affect my credit score?

No. SmartBiz performs a soft pull of your credit report to determine if you can pre-qualify for an SBA 7(a) loan through a SmartBiz marketplace bank without impacting your credit score.

Once your loan application elevates to funding, SmartBiz Loans and its lenders perform a hard pull on your credit that appears as an inquiry on your credit report.

How can I qualify for a SmartBiz loan?

To qualify for an SBA loan from SmartBiz, you need to have the cash flow to make payments, a personal credit score over 640, and at least two years in business. You also need to be a U.S. resident.

Are there any SmartBiz alternatives?