SmartBiz Small Business Loans Review

Rating: 7.5 / 10 (Very good)
Disclosure: We receive advertising revenue from some partners. 
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SmartBiz is an alternative lender based out of San Francisco with a five-star TrustPilot rating and an A+ letter score with the BBB. Their platform streamlines the application process for Small Business Administration loans, with low interest rates, affordable monthly payments, and long repayment terms. Loans can be used for commercial real estate, debt refinance, and working capital.

How is SmartBiz rated?


Loan Options
Application Process
Rates & Fees

Overall Rating: 7.5 / 10 (Very good)

SmartBiz is a great place to get the most SBA loan options, as they can match you with a preferred lender that is the most likely to approve your loan. However, the company has high revenue requirements and other stringent qualifications that can be prohibitive to some small businesses.

Loan Options

Available Loan Types

SBA Loans
Term Loans
Lines of Credit
Invoice Financing
Merchant Cash Advances
Equipment Loans

SBA Loans

Min. Loan Amount
Max Loan Amount
Min Term Length
10 years
Max Term Length
25 years
Repayment Terms
Fixed monthly payments

Loan Options - 7 / 10

Smartbiz is an online marketplace that offers a quicker way to get an SBA loan than going through a traditional bank. The company's vast network of preferred banks increases their customer's chances of getting a yes decision. Loans range from $30,000 to $5 million, and repayment terms can be anywhere between 10 and 25 years.

SmartBiz Rates & Fees

SBA Loans


Rates & Fees - 7 / 10

SmartBiz advertises rates of 5.75% - 8.00%, however once the APR is calculated this is more in the neighborhood of 8.5% to 9.21%. This is still low for alternative small business lenders and only slightly higher than a traditional bank loan. Smartbiz's fees are also comparatively on the high side. The company takes 4% of the approved loan amount for referral and packaging fees. They will also pass on any of the chosen lender's closing costs to the borrower.

Application & Qualifications

Online Application
Approval Time
A week or more
Funding Time
As fast as 7 days.
Min. Years In Business
2 year(s)
Min. Credit Score

Application Process - 8 / 10

SmartBiz's approval and funding time is a little on the long side. Also, qualifications are somewhat strict. Although the company says the minimum credit score can be as low as 600, most SmartBiz borrowers have a score around 700, and an annual business revenue of close to $1 million. Businesses must also have zero outstanding tax liens, bankruptcies or foreclosures in the last 3 years, no recent charge-offs or settlements, and be current on any government-related loans.

SmartBiz Reputation

Customer Feedback

TrustPilot Score
9.5 out of 10
BBB Rating
Date Collected

Reputation - 8 / 10

SmartBiz has an excellent Trustpilot score of 9.5 with 96% of reviews being either excellent or great. Although the company is not BBB accredited, online reviews across other platforms, such as Google, are overwhelmingly positive.

Contact & Additional Information

Homepage URL
Company Phone
(866) 283-8726
Headquarters Address
417 Montgomery Street, San Francisco, CA, 94104
Mailing Address
417 Montgomery Street, San Francisco, CA, 94104
Year Founded

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Top Rated
Our Partner
9.6 / 10
  • Our #1 Choice: A+ BBB Rating - 9.4 of 10 on TrustPilot
  • Largest Small Business Online Lender - 50k+ Customers
  • Loans up to $500k, and Lines of Credit up to $100k
  • Decision in minutes - no obligation
  • Funding in as fast as 24 hours
  • Must have 100k in revenue, minimum 12 mo in business, 500+ Fico