Search Results for "SmartBiz"
3 results for "SmartBiz"
Deals 2
SmartBiz Loans Completes Acquisition of Centrust Bank With OCC Approval
SmartBiz Loans, a fintech small business lending marketplace, completed its acquisition of United Community Bancshares and its subsidiary Centrust Bank (now renamed SmartBiz Bank). The deal, approved by the OCC and Federal Reserve, involved a bank with $148 million in assets. This rare fintech acquisition of a bank charter positions SmartBiz to expand into nationwide small business lending and planned national deposit products.
Cross River Partners with SmartBiz for BaaS-Powered SBA Lending
Cross River Bank announced a BaaS sponsor bank partnership with SmartBiz on July 12, 2022. The deal integrates SmartBiz's AI-powered digital application for SBA 7(a) loan processing with Cross River's core banking infrastructure. The partnership aims to accelerate funding access for U.S. small businesses by combining SmartBiz's customer-facing technology with Cross River's embedded lending capabilities.