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Frequently Asked Questions

How many businesses has smartbiz helped with PPP loan applications?

Our SmartBiz team is honored that we could assist nearly 200,000 small businesses with successfully processing their PPP loan applications with a bank in our network. We’re also excited that 60% of the businesses we helped are women-owned, minority, or veteran-owned businesses all across America.

What's new with the PPP loan application?

WHAT'S CHANGED? For those that file a 1040 Schedule C, the PPP loan application now allows eligible gig workers, independent contractors, self-employed, and other small business owners to use gross income to calculate the maximum loan amount so you can protect and support your business. WHAT DO I NEED TO KNOW?

Are SBA PPP loans forgivable?

These PPP loans are forgivable for eligible borrowers. This means you don’t have to pay it back if the funds are used as designated under SBA rules. SmartBiz specializes in SBA loans with our network banks funding nearly $4 billion in SBA, PPP, and bank term loans.

What is smartsmartbiz?

SmartBiz specializes in SBA loans with our network banks funding nearly $4 billion in SBA, PPP, and bank term loans. WHAT'S CHANGED?

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