Smart Business Loans Reviews

Smart Business Loans provides tailored financing solutions with positive reviews highlighting their customer-focused service and efficient loan processing.

Here are the Trustpilot Reviews from Smart Business Loans:

Here are the Reviews from Smart Business Loans:

I know what it's like to be a small business finance manager in a crisis. This is a company that will prey upon your desperation and confusion. Jordan seems quite helpful, but ultimately failed to offer a deal that could close. He also loves to speak down to potential clients to get them to close with him. After stretching out the process to close a deal - and then failing to bring it to the finish line - he offered a pathetic offer for a fifth of the amount we needed and continued to pressure us to take it. We solved our problem by reaching out to companies offering business lines of credit at a fraction of the cost. I'd recommend looking elsewhere to find good cash in a crunch at a real value.

Tyler Chernesky

I have been fortunate enough to working with Smart Business Funding and Mr. Anthony Collin. Smart Business Funding is a great company with talented team members especially the CEO Mr. Anthony Collin is a very nice and smart person. They are really smart and always there to help their Clients. Wish Mr. Anthony Collin and His Team ample of successes always. Best Regards to Them.

Imran Khan

Best damn agent ever! Mike was amazing! Mike went to bat for us, and got us the funding we need. So many times when you deal with loan guys, you hate them. You wouldn’t want to even associate with it then outside of the loan. Mike us different. He’s kind, honest, and to the point. He won’t blow smoke up your ass, and he gets done what he says he will get done. When no one else could get us any funding, mike got us what we needed. I can’t say enough about how great mike is. I’m glad he found me.

Sin Mcintyre

It was a pleasure working with Mike. He got me a great deal on a loan and funded the next day! He works fast. He is a great communicator. I can't say enough about him! Thanks again Mike!

Tim Y.

Jacob and the team at Smart Business Funding are very diligent and responsive and most important get the job done!

Stas

The law firm where I work was referred to you company and I was asked by my employer to follow the link in the email and apply for the loan mentioned. I received a response from Michael Brooks very quickly and we spoke on the phone about the monies available through your company and also about the PPP funding. Mike referred me to Blue Vine to apply for the PPP loan and once I had begun the application and had questions, I called the Blue Vine number listed and got the high call volume message, but Mike was able to reach them and get an answer to my questions. He has been in contact through the process to be sure things are moving along and willing to help with any additional questions.

Kathi Tustin

Explore Smart Business Loans' Finance Solutions:

Unsecured Business Term Loan

£5,000 – £350,000

Secured Commercial Property Loan

£50,000 – £5,000,000

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Explore Smart Business Loans' Finance Solutions:

Loan Type:

Unsecured Business Term Loan

Loan Range:

£5,000 – £350,000

Loan Terms:

12 months to 5 years

Minimum Turnover and Trading Age:

At least 12 months trading and £100,000 annual turnover

Interest Rate:

7.9% – 24.9% APR (representative 14.6%)

Fees:

Arrangement fee 2% – 6% of loan amount; no early-repayment fees

Loan Type:

Secured Commercial Property Loan

Loan Range:

£50,000 – £5,000,000

Loan Terms:

3 years to 25 years

Minimum Turnover and Trading Age:

24 months trading preferred; property investment SPVs accepted

Interest Rate:

4.5% – 11.5% variable or fixed

Fees:

Arrangement fee 1% – 2%; valuation and legal fees apply; early-repayment charge sliding scale (0% after year 5)

Loan Type:

Asset Finance (Hire Purchase & Finance Lease)

Loan Range:

£10,000 – £1,000,000

Loan Terms:

12 months to 7 years

Minimum Turnover and Trading Age:

Minimum 18 months trading and £150,000 turnover

Interest Rate:

6.5% – 18.0% flat rate (APR equivalent 8.2% – 24.0%)

Fees:

Documentation fee £195 – £495; option‐to‐purchase fee £100 (HP only)

Loan Type:

Invoice Finance (Selective & Whole-Book)

Loan Range:

£20,000 – £2,000,000 facility limit (up to 90% advance)

Loan Terms:

30 – 120 day invoice cycle; rolling 12-month agreement

Minimum Turnover and Trading Age:

£250,000 annual turnover and 12 months trading

Interest Rate:

Monthly discount fee 1.3% – 3.0% over base; service fee 0.1% – 1.5% of invoice value

Fees:

Audit/arrangement fee from £450; trust account fee £25 per month

Loan Type:

Revolving Credit Facility

Loan Range:

£10,000 – £150,000

Loan Terms:

6 months to 24 months (renewable)

Minimum Turnover and Trading Age:

12 months trading and £80,000 turnover

Interest Rate:

Monthly interest 1.5% – 3.0% on drawn balance (equivalent 18% – 36% APR)

Fees:

Drawdown fee 3% per utilisation; no non-utilisation fee

Loan Type:

Merchant Cash Advance (Product discontinued 2023)

Loan Range:

£5,000 - £200,000

Loan Terms:

Estimated 3 – 12 months (repaid via card sales)

Minimum Turnover and Trading Age:

Previously required £10,000 monthly card turnover

Interest Rate:

Factor rate 1.1 – 1.3 (equivalent APR varies)

Fees:

No additional fees beyond factor cost

More About Smart Business Loans

Smart Business Loans, operating as SmartBiz Bank, is a digital-first lending platform established in 2011. It offers UK-based SMEs a selection of secured and unsecured finance options via its online marketplace, using automated underwriting alongside partner banks. The lender is FCA authorised and regulated, blending technology with traditional lending criteria. This platform might suit businesses seeking quick access to capital through an automated process rather than high-street banks. For broader context, you can explore alternative finance loans and business loans available in the UK.

Key Features of Smart Business Loans

The lender provides a user-friendly, fully digital experience backed by dedicated support. Its process integrates real-time financial data and offers various tools for business finance management.

Fast online application taking less than 15 minutes; details on the loan application process.
Integration with accounting software like Xero, QuickBooks and Sage for data verification.
Dedicated UK-based account managers providing ongoing service and guidance.
Digital self-service dashboard available 24/7 for loan drawdowns and repayments, supported by finance tools.
Automated affordability checks using AI deliver personalised offers swiftly.

Funding Eligibility Requirements

Most products require a minimum of 12 months trading history, with some secured loans demanding 24 months or acceptance of SPVs. Businesses must also meet turnover thresholds and credit criteria. Personal guarantees are commonly requested. You may qualify if you meet the basic trading, turnover and credit standards. For help understanding requirements, consider these guides: how to qualify for a business loan, credit score basics and personal guarantee insights.

Loan Options from Smart Business Loans

This lender offers a broad suite of loan products suited to different needs, from short-term unsecured loans to longer-term secured property finance.

Unsecured Business Term Loan: £5,000 to £350,000, terms from 12 months to 5 years, representative APR 14.6%. Features include no collateral requirement and flexible repayments. More info at unsecured business loans.
Secured Commercial Property Loan: £50,000 to £5,000,000, 3 to 25-year terms, variable or fixed rates 4.5% to 11.5%. Suitable for property purchases or refinancing. Details at secured commercial loans.
Asset Finance (Hire Purchase & Finance Lease): £10,000 to £1,000,000, 12 months to 7 years, flat rates 6.5% to 18%. Asset serves as collateral. See asset finance.
Invoice Finance: £20,000 to £2,000,000 facilities with up to 90% advance, short invoice cycles, and rolling terms. Helps unlock cash tied in receivables. More at invoice financing.
Revolving Credit Facility: £10,000 to £150,000, 6 to 24 months, interest only on drawn funds. Offers flexibility with multiple drawdowns. Details at revolving credit loans.

How to Apply with Smart Business Loans

The entire application process is online, designed for speed with decisions available quickly for unsecured products and longer timelines for secured loans.

Submit your application through the digital portal, detailed at application form.
Provide required documents such as filed accounts, bank statements, and management accounts if applicable. Guidance on loan application process outlines documents needed.
Undergo credit and affordability checks; unsecured loans typically come with decisions within 24 hours and funding within 48 hours, as explained in the loan approval timeline.
Complete electronic signature for contracts and manage your loan via the online dashboard.

Funding Agent's View on Smart Business Loans

Smart Business Loans is well-placed for SMEs needing a tech-driven, versatile lending platform that covers both unsecured and secured options. Its quick, data-led underwriting favours firms with solid trade history and credit standing. However, the requirement for personal guarantees and higher costs than traditional banks may limit appeal for some. If considering this lender, use our eligibility guide, explore business loan options, and compare providers to find the best fit for your business.