Traditional processes for underwriting and originating small business loans can be expensive and onerous for the typical financial institution, making it difficult to make these loans profitable.
SmartBiz in the News
Features and reviews of SmartBiz Loans from leading publications.
SmartBiz in the News
Read coverage about SmartBiz Loans from the Chicago Tribune, Forbes, SmallBizDaily.com and others.
SmartBiz Loans just released a survey that suggests small business in America are bullish on the economy in spite of all the top of mind concerns such as: health care costs, taxes, and hiring.
According to a survey conducted by SmartBiz Loans and released today, almost 57 percent of small business owners said their outlook on business growth over the next 12 months was “fairly positive” or “positive.”
Add Seacoast Banking in Stuart, Fla., to the list of community banks that now believe in working with fintechs. The $6 billion-asset company is gaining traction in Small Business Administration lending after partnering with SmartBiz Loans to speed its approval process.
Many small businesses not only don’t know how a bank thinks about them, but they don’t have a good picture of their financial health,” says SmartBiz Loans CEO Evan Singer. “We can, in seconds, give folk a full picture of what their financial health looks like and what they can do to improve it.”
The Tax Cuts and Jobs Act, signed into law by President Trump on December 22, 2017, will have a significant impact on small businesses.
Why does qualifying for a small business loan have to be such a mystery? According to a CB Insights study, cash flow issues are the second most common reason startups fail, accounting for 29% of failures.
Evan Singer, the CEO of SmartBiz loans, views its mission — improving companies’ access to Small Business Administration loans and other forms of credit — as a noble one.
Read on for the complete ranking of the 20 Best Fintechs to Work For and learn more details about what makes them stand out.
Currently headed by Evan Singer, SmartBiz Loans has been the pioneer in creating the leading online marketplace for SBA loans. It partners with banks across the country and establishes a win-win situation for both small businesses and lenders by ensuring that the “tedious” process of loan application becomes as intuitive and hassle-free as possible.