CARES Act Expansion of 7a: Is every business eligible?
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  1. #1
    Senior Member Reputation points: 32977
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    Quote Originally Posted by splurge37 View Post
    That is not accurate.

    SmartBiz altered its fee structure a few weeks ago, and most borrowers pay less than 1% origination fee.
    West Coast is right, there is no benefit to go through SmartBiz unless you don't know what you're doing.

  2. #2
    Quote Originally Posted by mrmrg View Post
    West Coast is right, there is no benefit to go through SmartBiz unless you don't know what you're doing.
    Also inaccurate. I've been in SBA finance since 2008 and the nuances of SBA are still a daily challenge for me. SmartBiz has 10 banks on the platform, and as you all know with the MCA business...no 2 banks underwrite the same. You have the benefit of 10 lenders with the same process/documentation.

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