Become, formerly Lending Express (learn more)
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Highlight Overview

Loan Period

10 years

Loan Range

$30,000 to $350,000


  • Low monthly payments
  • Long terms
  • No prepayment penalties


  • Only good credit scores (600+)
  • Not for start-ups (2+ years)
  • No outstanding liens, bankruptcies etc.

Bottom Line

SmartBiz facilitates SBA loans for businesses who could not otherwise receive them by walking into a bank.

Check if you Qualify for a SmartBiz loan

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Full Review

SmartBiz is the number one online marketplace for SBA loans offering a quick and especially easy way for small to medium businesses to get access to funding. SmartBiz offers non-SBA term loans and SBA loans for working capital, debt refinance, and commercial real estate. The SBA loans have extremely competitive rates thanks to its platform boasting 8 bank partners allowing you to be matched up to the bank best suited to your needs.

What We Like Best

  • Speeds up the process of SBA loans

  • Low monthly payments and interest rates (6%-9%)

  • Longest repayment term of any online lender

  • Simplified pay structure and fee system

  • No prepayment penalty

Loan Features

Type of Loan - Non-SBA term loan, SBA loan

Repayment Terms - Up to 10 years

Amount: 30,000 to $350,000

Requirements for Loan

  • Two years of business and personal taxes

  • Bank balances, a current income statement, current balance sheet, past net income, and outstanding loan information

  • Some other financial data may be needed depending on the size of the loan wanted

Application Process

From start to finish the process is simple and fast so long as you are organized with the required documentation. The larger the loan size, the more financial data is required. When filling out an online application you can easily upload the required documents (including your credit reports, financial statements and income tax returns). Being organized with these will speed up your application and you can get funding in as little as 1 week.

To qualify for funding from Lending Club your business needs to meet these criteria:

  • Minimum 2 years in business

  • Sufficient business and personal cash flow 

  • No recent bankruptcies, foreclosures in the past 3 years or open tax liens

  • Favorable personal credit (600+)

Safety & Security

SmartBiz takes security very seriously using bank-level 256-bit encryption to protect your personal data.

Bottom Line

For established businesses that have been turned away from the bank, SmartBiz offers a means of getting ahold of an SBA loan to suit your needs with long terms, low rates and big amounts.  

Please note that all information provided in this review is accurate at the time of publication and is subject to change. The information contained in this review is provided for informational purposes only, should not be construed as legal advice on any subject matter and should not be relied upon as such. The reviewer accepts no responsibility for any consequences whatsoever arising from the use of such information.

Quick Facts About SmartBiz

SBA loans up to $350,000 Get funds in as little as 7 days
Long repayment terms
No prepayment penalties
Decision based on overall business health

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