SmartBiz Rockets to the Top Nationally as #1 Provider of Small SBA Loans, Adds Four New Partners to Offer Crucial Financing to Thousands More Small Businesses

SAN FRANCISCO, May 21, 2014 /PRNewswire/ -- SmartBiz, the first fully online, automated SBA loan platform,  announced its origination partner, Golden Pacific Bank, is now the number one provider of Non-Express SBA 7(a) loans nationally up to $25,000 based on most recent SBA data. Now commanding 20 percent of the market, SmartBiz processed over $23 million in applications in April and has teamed up with four new partners to offer easy access to vital business-building financing to even 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 and fast decision-making to their customers, to quickly 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 has become the go-to source for SBA loans ranging from $5,000 to $150,000 and the top provider in the country of SBA Non-Express 7(a) loans of up to $25,000.

"Together with SmartBiz, we're able to offer vital business capital to help our customers grow, while also expanding our own business and providing a much-needed boost to our overall economy," said Virginia Varela, CEO of Golden Pacific Bank. "The technology behind SmartBiz provides the most convenient, affordable way for business owners to get the financing they need, when they need it."

"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," said 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."

By eliminating the huge amount of time, headache and paperwork typically involved in the traditional bank loan process, SmartBiz 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," said Mark Quinn, District Director for the SBA in San Francisco. "We are very pleased to see SmartBiz and Golden Pacific Bank providing this convenient option that allows small businesses easier access to the working capital they need to help them—and our overall economy—grow."

"At SmartBiz, providing small-business owners with the capital they need as quickly as possible is our top priority," said Evan Singer, General Manager at SmartBiz. "Using technology to dramatically accelerate the process of applying for and receiving crucial capital for growth, we've made it both easier for businesses and more economical for origination partners, and we plan to continue our rapid expansion to put this much-needed funding to work where it's needed most—in America's small businesses."

For more information about SmartBiz, or to apply for an SBA loan now, visit ww.smartbizloans.com.

About SmartBiz
SmartBiz (www.smartbizloans.com) lets small businesses apply easily and quickly for working capital, SBA guaranteed loans from $5,000 to $150,000 and get funded within five to seven business days after the application is complete. Based in San Francisco, SmartBiz was launched as a division of Better Finance (www.betterfinance.me) in 2013 to provide small businesses faster access to the capital they need to grow their businesses. 

About Golden Pacific Bank
Golden Pacific Bank (www.yourbankingsolution.com) is a nationally chartered community bank, wholly owned by Golden Pacific Bancorp, a bank holding company headquartered in Sacramento, CA. The Bank has a 25-year history of serving the needs of small businesses.

SOURCE SmartBiz

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