Well doesn’t look like I’m the only one who has not heard back. 1/18 Applied with CRB 1/31 still in review with CRB so I applied with Smartbiz 2/5 Received DocuSign. Complete your PPP Application in 15 minutes or less. If you are one of those people, shame on you. Professionalism, Strong Ethics NOT FOUND HERE!! Very responsive to my emails. Our Best Overall Choice. Thank you Smart Biz for granting me the funds during these times of uncertainty, as well as a chance to work with such a great company! Well doesn’t look like I’m the only one who has not heard back. If you’re interested in applying for a PPP loan, consider Payability’s partner SmartBiz, who has specialized in SBA loans since 2013 and network of banks has funded nearly $4 billion in SBA, PPP, and bank term loans. Do you agree with SmartBiz Loans’s star rating? … Congress approved $284.5 billion in new Paycheck Protection Program funding (PPP) beginning in January 2021 through May 31, 2021, to get businesses back on track. I just gave up. 2) Stuck in Lender Secondary Review. Forgiveness is a big part of what makes the PPP loan program a valuable tool for small business owners. Funding Circle Read review. At the point they figured out that's my loan was not important enough to them and they were not going to continue it should have been canceled or pulled but because of their lack of professionalism and loss of ethics it sat there. Check out what 1,088 people have written so far, and share your own experience. My advice to any small business person whose time is valuable is to find a lender that isn’t using Smartbiz for e-processing SBA loans- there are better options out there. "SmartBiz Loans was asked to process loan applications for KServicing's PPP customers because the new formula was being implemented in their PPP loan application while it … Even though the program has ended I have read that those who got approved and got a PLP loan number will still be funded. The application process only takes about 5 minutes. The process was fast and efficient. After I did, the lender said they could not move forward since SmartBiz applied though SBA and tied up my loan number. The smartbiz process has been excellent. Community See All. That’s … For example, if the average monthly payroll is $30,000, that small business will qualify for $75,000 in Paycheck Protection loans. Tax Documents for 2019 ... Start your PPP Application with our trusted partner, SmartBiz Loans. Very responsive to my emails. PPP loan process review working with SmartBiz Loans was such a great experience. SmartBiz Loans came to BBB's attention in May 2016. Page Guidelines. Great lender! Articles; Business Stories; Business Tips; … I have even contacted the bank that was supposed to be funding, yet I have been met with zero contact from Smartbiz. SmartBiz reviews show that the company scores at 4.6 out of 5 on Trustpilot. Your source for SBA and PPP loan solutions. As part of the national effort to combat the devastating economic effects of the COVID-19 pandemic, the CARES Act was signed into law on March 26, 2020. or. I’m holding them responsible. I’m holding them responsible. Read all articles. Use the following checklist to gather the documentation that you need to complete your application. i do not have words to say how horrible its . A few days later I got an email saying I got a PLP number and funds are reserved for me. Most Popular on BestMoney. This method allows your loan processing team to review your loan quicker. Only the latest review will count in the company's TrustScore. Can't wait to get 2nd round. Excellent company to work with during this stressful time. To me that is ethically and morally wrong they are purposefully destroying my business because I cannot apply with anybody else because of smartbiz mishandling and holding on to my SBA approved loan and not funding it. Smartbiz & customersbank are the only people who came through. Great communicators; providing clear and concise guidelines from the completion of my application, to it's submittal and approval. What business owners say about SmartBiz Each customer review reflects a personal business journey. Lindsay, who runs the company with her husband, Todd, said the process was smooth and easy. A key thing to note about SmartBiz is that it requires that applicants have strong financial and credit histories. Got the docs Tuesday night ... A sub for business owners to discuss and problem solve the use of PPP loans. 1.7k. … SmartBiz is a technology driven, small business financing platform that utilizes a streamlined application process and proprietary software to connect borrowers with a curated group of PPP lenders. I’m always getting scammed and taking advantage of. If I could give ZERO STARS I would.... 11 emails unanswered can’t call they have had my application for months. Their portal was simple and when they needed documents I just uploaded them, their turn around time was quite fast considering the amount of applications they received. Create New Account. See more of SmartBiz Loans on Facebook. I cannot believe the lack of professionalism with smart biz I know they have to be breaking some type of regulation rule law whatever it may be, by not notifying the customer of their intentions and maliciously holding on to an approved loan status but not doing anything with it. I would recommend her/them to anyone looking to get financing. I’m always getting scammed and taking advantage of. I was approved by the SBA on March 26th yet here we are May 6th and I've yet to hear from them and I have contacted them every avenue possible. Here is my timeline for PPP draw 1: Apr-Mar so many PPP loans so much BS. I tried calling and they do not take calls, I emailed and never received an update. Altho… If you are applying for your second PPP loan, you will need to have used the full amount of funds from your !rst PPP loan before your second is disbursed. Everything was quick easy and simple I would definitely use this again. The Act authorized the creation of the $349 billion I got a loan in early April 2021 HORRIBLE. … Closed Now. Something is fishy and I am worried about my repayment. To get her $7,500 PPP loan, Lindsay turned to online lender Kabbage, a service recommended by her accountant. $50,000. Small business relief hub; Multiple loan options available; Easy to apply; get started. SmartBiz Loans® (www.smartbizloans.com) is the #1 online platform for traditional SBA 7(a) loans under $350,000 helping banks and their clients streamline the SBA and small business lending process. SmartBiz is a technology driven, small business financing platform that utilizes a streamlined application process and proprietary software to connect borrowers with a curated groups of banks. 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