SmartBiz, an online, automated SBA loan platform, has teamed up with four new partners to offer easy access to business-building financing to more American small businesses.
SmartBiz has added California Business Bank (CBB), Yahoo, Xero, and ePay to its growing list of partners who can now offer SmartBiz’s convenient online application process to fund loans in as little as 5 to 7 days. Offering six to eight percent interest rate loans, a 5-minute pre-qualification and 30-minute application process, SmartBiz provides SBA loans ranging from $5,000 to $150,000 and SBA Non-Express 7(a) loans up to $25,000.
“We’re very excited to partner with SmartBiz and offer our small business customers a trusted, well-established and more convenient financing option to meet their expansion and growth needs,” says Adriaan van Zyl, CEO of California Business Bank. “This program fits our overall strategy to enhance our customer’s experience using technology to streamline out-dated processes. With its online process, small businesses can apply and receive a decision quickly, right from their desk, without having to take time away to meet with traditional bankers.”
According to SmartBiz, by eliminating the huge amount of time, headache, and paperwork typically involved in the traditional bank loan process, it has turned a process that once took months into a fast, efficient system. With SmartBiz, small businesses can immediately put vital business capital to work for debt refinancing, expansion, equipment upgrades, hiring, or other needs crucial to their survival in a competitive marketplace.
“SmartBiz has become the #1 provider of non-Express SBA loans $25,000 and under,” says Mark Quinn, District Director for the SBA in San Francisco. “We are very pleased to see SmartBiz providing this convenient option that allows small businesses easier access to the working capital they need to help them—and our overall economy—grow.”
For more information about SmartBiz, or to apply for an SBA loan, visit www.smartbizloans.com.
