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  1. #1
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Smartbiz Lending

    Anyone ever work with smart biz. I funded 2 sba with them. 45 days later they have not paid commissions.

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Give them to me in the future...I deal with the Managing Director of the largest non bank SBA lender in the US.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  3. #3
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    Quote Originally Posted by brokerCompany View Post
    Anyone ever work with smart biz. I funded 2 sba with them. 45 days later they have not paid commissions.
    funded over a hundred ppp with them and they ghosted me. Everything is speak to your rep and my rep is no longer with smartbiz . their system still does still show what they owe me so i hope at some point they will pay

  4. #4
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Quote Originally Posted by Michael I View Post
    funded over a hundred ppp with them and they ghosted me. Everything is speak to your rep and my rep is no longer with smartbiz . their system still does still show what they owe me so i hope at some point they will pay
    Terrible. I was hesitant to send them files but wanted to try a couple. They have awful customer service and never answer phone calls. obviously wont be sending them deals any further until they pay

  5. #5
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    Quote Originally Posted by Michael I View Post
    funded over a hundred ppp with them and they ghosted me. Everything is speak to your rep and my rep is no longer with smartbiz . their system still does still show what they owe me so i hope at some point they will pay
    update i got paid this week but still zero communication

  6. #6
    Senior Member Reputation points: 5633
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    I don't really trust Smart Biz at all. I've had multiple companies reach out my applicants there who I looked up that previously worked at Smart Biz then start their own ISO's and obviously took a bunch of data with them.

    Second I had a file I submitted recently and they included an ISO on the email, whom I have never heard of. There internal notes told them to do so, as per the underwriter on the file at SmartBiz. This would indicate that on any submissions IFS was to be included, which someone would have to internally do for a company I have never heard of. I got the receipts.

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