Does SmartBiz Bank do a hard credit check when you apply?

No — not initially. SmartBiz Bank does a soft credit pull when you pre-qualify, which has no impact on your credit score. A hard credit pull happens only later in the process, once your application moves into closing.

What can you use an SBA loan from SmartBiz Bank for?

SmartBiz Bank lists working capital, debt refinancing, equipment purchases and business expansion as approved uses of SBA 7(a) loan proceeds. The loan can't be used to refinance debt secured by commercial real estate through the working capital program.

What happens if you don't qualify for an SBA loan through SmartBiz Bank?

SmartBiz Bank can route your application through its partner network to explore bank term loans or lines of credit. There's generally no need to submit a separate application — it will present other financing options based on your profile.

Is SmartBiz Bank a direct lender?

SmartBiz Bank, N.A. is both a direct lender and a platform that connects borrowers with other banks in its network. For SBA working capital and debt refinance loans under $350,000, SmartBiz Bank may originate and fund the loan directly. Bank term loans and lines of credit are offered through partner banks in the SmartBiz network.

Does SmartBiz Bank offer SBA loans for commercial real estate?

Yes. SmartBiz Bank's website references commercial real estate SBA financing with larger loan amounts and longer terms than its working capital product, though specific amounts and rates for that product aren't listed on its website. The working capital and debt refinance SBA loan is capped at $350,000 with a 10-year term.