About - SmartBiz

Brent Lloyd, Senior Loan Consultant
417 Montgomery Street | San Francisco, California, 94104

SmartBiz grew out of the 2008 financial crisis when the banks that were supposedly “too big to fail” were not equipped to provide the funding small businesses needed for growth. This left a funding gap of hundreds of billions of dollars which banks left on the side-lines, hampering small business from investing in their businesses and putting people back to work.

So-called “Alternative lenders” offered to fill the funding gap at sky-high APRs up to 150%. Because banks could not efficiently fund small business loans, the small business owner paid the price — literally!

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Featured Review

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Matthew waroff
Matthew waroff

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Overall Feedback:

After being in business over 11 years, having good personal and business credit, being profitable, already having secured SBA, merchant, and standard loans, I figured this process would be relatively easy. Wrong. I told them upfront don't even waste anyone's time if you're going to offer me a variable rate or anything over 7% interest. Get shuffled around, misinformation and confusion, unprofessionalism, then get offered a loan with 10k in "fees" and variable rate or fixed 18%. What a joke, they are just a referral service getting paid off leads, don't waste your time. The application process claims to provide pre qualifications and then pre approval status. You will be spending a significant amount of time providing all of their requested documents, after which you will be assigned a "specialist" that will review all of your financials and other misc documents for a 2nd time (collect more personal data), and advise you whether you are in fact "qualified" or not. This means nothing unless they can find a lender that will fund your loan, which is contingent on another department's recommendation to "move forward" or not. SmartBiz Loans gathers all of your information while making you do a lot of leg work, They THEN try to solicit the loan to these partnered banks in hopes to make money by way of a "referral" fee. Too much time spent and a false sense of hope given throughout the entire process. NOT RECOMMENDED...better off going through a local bank.

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