SmartBiz Unveils World’s First Intelligent CFO Advisor for SMEs

EXCLUSIVE – SmartBiz Loans, a digital marketplace for SBA loans, today unveiled its advisor product that will help users determine their loan-readiness and also provide guidance on financial health matters.

“Think of this advisor as a CFO,” Evan Singer, SmartBiz CEO, told Bank Innovation. “It’s the world’s first intelligent CFO advisor that uses Artificial Intelligence (AI) and Machine Learning (ML) to help our customers.”

Those customers, as the name would suggest, are SMEs businesses. The advisor tool is a free service that can be accessed by creating an online sign-in & password. To receive advice, the user is required to upload their tax documents. Based on the information in those documents, the advisor uses AI and ML to provide a bunch of analysis reports from cash-flow analysis and business credit to determining the firm’s loan-readiness. Through a chatbot system, the advisor is also able to answer questions.

“In case, the user wants to speak to a person,” Singer said, “we provide that service too – at no cost.”

Watch how it works here.

This product serves the overall mission of SmartBiz Loans well.

“It comes down to being a great education tool,” Singer said. “Not only to guide our user-base on which loans suit their requirements, but also serves as a tool through which we can help people,  likely to be denied a loan, get in the right financial health to get a loan.”

Based in San Francisco, SmartBiz Loans was founded in 2009. It provides loan underwriting software to banks as well as serves as a marketplace for SMEs. SmartBiz has been named as the top provider of non-Express, SBA 7(a) loans under $350,000 in the U.S. Last September, it surpassed $500 million in funded loans.

To learn the latest developments in online lending from SmartBiz Loans executive chairman and partner at Propel Venture Partners, Ryan Gilbert, join us on March 5-6, 2018 at the Parc 55 in San Francisco for Bank Innovation 2018. Click here to request an invitation.


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Tatjana Kulkarni is Deputy Editor at Bank Innovation. Before Bank Innovation, she was the marketing coordinator at conference producer Capital Roundtable. Prior to that she was a business reporter for nearly three years at The Deal. She has an M.A. in International Relations from New York University and a B.A. in Journalism from L.I.U. Post. In her spare time she travels as much as possible, making it a point to visit at least one new country per year.

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