SmartBiz allows for the efficient qualification and origination of debt capital for small businesses throughout the United States. Doctors, accountants, insurance agencies, manufacturers and contractors are some of the biggest users of SmartBiz-generated loans. It is easy for businesses to obtain an SBA loan and while the normal process with the SBA can take up to 90 days to complete, SmartBiz enables businesses to pre-qualify in 5 minutes, get conditionally approved in 30 minutes, and receive funds as fast as 7 days after the application is complete.
The originated loans have the following attributes:
- Loans sizes from $5,000 to $350,000
- Floating 6% to 8% interest rate (Based on Prime + 2.75% to 4.75%)
- 5 minute pre-qualification - 24 hours a day, 7 days a week
- 30 minute application
- Funding in as little as 7 days
- 10-Year term
- No prepayment penalty
The website handles the application, credit underwriting, BSA/AML, documentation, boarding, operations and credit monitoring. By automating the system, banks can now move the loans that they want through their traditional channels while putting the smaller sized, unprofitable loans, through the SmartBiz channel for fee income and no credit risk.
A co-branded Smartbiz platform associated with your bank can have a positive impact on job creation and small business growth. The SBA has reviewed and supports the SmartBiz platform. Your community bank can gain relevance and play an important role in stimulating the local economy by providing more efficient capital to your community.
To join other banks in creating jobs for America, and to be one of the first banks in your state to utilize the platform, contract us today to see a presentation and more details of the product.
Marketing Support To Drive Success
The SmartBiz platform is designed and tested to make sure you are successful. Depending on your demographics and capabilities, CenterState works with you to customize a plan in order to achieve optimum success. The following assistance is available:
- Data and contact information for businesses most likely to require financing in your area
- Marketing analytics
- Email templates
- Brochures/1-page marketing “slicks”
- Digital banners, ads, pop overs, etc.
- Keyword and search engine optimization
- Print advertising
- Radio / podcast files
- Video files customized with your bank’s logo and links
- Training sessions for customer service, business development and lenders
Your bank can take advantage of what we have learned from banks across the country. These are the latest marketing techniques that will increase the brand awareness of your bank while generating SmartBiz loan volume. Leverage this tested program to increase performance of the bank.
The sooner you get started, the sooner you can increase performance and surpass your budget. Contact us today to see a presentation and get started in order to gain a first mover advantage in your area.