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We're a broker, not a lender

Funders make the credit decisions. We compare their offers and show you what each one costs. Funders pay us when a deal funds, never you upfront.

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Lender profile

SmartBiz

Bank Northbrook, IL Checked Sep 30, 2026
SmartBiz Bank, N.A. makes SBA 7(a) loans of $50,000 to $350,000 for working capital and debt refinancing, with 10-year terms and variable rates tied to Prime. Through banks in its network it also arranges bank term loans of $50,000 to $300,000 and lines of credit of $50,000 to $100,000. It looks for businesses with 3+ years in business, good credit and steady cash flow.
Visit smartbizbank.com Compare with similar funders
Heads up. Financing is subject to approval by SmartBiz Bank and lenders in its network, so a term loan or line of credit may come from a partner bank. The line of credit carries a 6% origination fee, $750 in closing costs and a 1% annual management fee.

The open book

What SmartBiz publishes, and what it doesn't

7 of 9 things a business owner needs to compare offers are on its website.

Published

Amounts
$50K–$350K
Minimum credit score
Not published
Minimum time in business
3 years
Minimum monthly revenue
Not published
Speed, in its words
A couple of weeks from application to funding

The ledger

  • Funding amounts
  • Minimum time in business
  • Funding speed
  • Price (rate or factor)
  • Fees
  • Term length
  • Excluded industries
  • Minimum credit score Not published
  • Minimum revenue Not published
Loosest published figure across its products, from its own website. Details by product below.

By product

SmartBiz's products, as published

Open “Sources” under any product to see the exact wording and the page it came from.
Price not published
Amounts
$50K–$100K
Price
Not published
Term
36–36 months
Repayment
Monthly
Minimums
Credit n/p · Time in business n/p · Revenue n/p
Fees
One-time 6% origination fee and $750 in closing costs at closing; a 1% annual management fee on the approved line from the first anniversary; no per-draw fee.
Sources (10)
Price not published
Amounts
$50K–$350K
Price
Not published
Term
120–120 months
Repayment
Monthly
Minimums
Credit n/p · Time in business 3 years · Revenue n/p
Speed
A couple of weeks from application to funding
Industries excluded
Non-profits, Financial businesses primarily engaged in lending, Passive businesses (for example, landlords), Life insurance carriers, Businesses located in a foreign country, Pyramid sale distribution plans, Gambling activities, Private clubs, Government-owned entities, Businesses engaged in activity that is illegal under federal, state, or local law, Entities involved in SBA loan packaging, Businesses with an equity interest owned by a lender, Businesses with services or products of a prurient sexual nature, Businesses that have previously defaulted on a federal loan, Primarily political or lobbying activities, Speculative businesses (for example, oil wildcatting)
Sources (16)
Price published
Amounts
$50K–$300K
Price
Rate from 10.99%
Term
24–60 months
Repayment
Monthly
Minimums
Credit n/p · Time in business n/p · Revenue n/p
Fees
The page's structured data lists a referral fee of about 3% and a packaging fee of about 3% of the loan amount, plus about $200 to $300 in closing costs. Qualifying borrowers can cut the rate by 2% by accepting a prepayment penalty of 5% of the outstanding balance.
Sources (11)

Similar funders

Funders offering the same products

Big Think Capital

Broker
$10K–$5M550+ creditPrice published

BlueBridge Funding

Broker
$50K–$200K550+ creditNo price

Bluevine

Online lender
Up to $500K625+ creditPrice published

BriteCap Financial

Direct funder
$5K–$5M550+ creditNo price

Clarify Capital

Broker
$5K–$5M500+ creditPrice published

Credibly

Direct funder
$5K–$10M550+ creditPrice published

Pages we read

  1. https://www.smartbizbank.com/
  2. https://smartbizbank.com/sba-loans
  3. https://www.smartbizbank.com/sba-requirements-eligibility
  4. https://www.smartbizbank.com/faq
  5. https://smartbizbank.com/bank-term-loans
  6. https://smartbizbank.com/line-of-credit
Spotted something out of date? Funders and owners can send a correction with a link to where it's published. Listing SmartBiz here doesn't mean it works with Openbook.

One application, many funders

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Openbook matches your file with funders whose published criteria fit. You approve every funder before your file goes out, and every offer comes decoded.

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