SmartBiz Loans

101 - 250 Employees
26 - 50 Engineers
Private Funding
Series C

10% of the entire nation's volume of SBA 7(a) loans under 350k are processed using SmartBiz's platform. 50% of the loans funded by our banks are for women-owned, minority, or veteran businesses.

Active Roles 2 more active roles

Why join us?

  • Growth opportunities. Opportunities to challenge yourself. Diversify your skill set. Change teams. Play to your strengths. Develop new ones. The reason we have such great tenure on the team is because of the opportunities.

  • We love to share this story because it paints a picture of what's next! In the first quarter of Q1 2021 we processed just shy of 100,000 (yes! one hundred thousand) loans. We did this with less than 25 engineers on our team. Do the multiplier - we've been processing PPP loans for 5 quarters. The vast amount of data that accompanies these loans is driving our future roadmap. We just hired a VP of Data Science. We're adding talent to the engineering organization. And our roadmap is exciting because of new products and services!

  • Series C was in 2013 for 21M and we have not had to raise any additional funds since then.

Engineering at SmartBiz Loans

Engineering team and processes

The team uses Agile processes using 2 week sprints. The team structures are spotify like where we have several tribes focusing on specific areas. Each tribe is self contained and may include smaller squads for daily standups.

Technical Challenges

Automation and Machine learning are core areas used to differentiate us. In machine learning, we use it to identify documents and data within the documents, extrapolate data and then analyze the data to build models. In the case of automation, we strive to use algorithms to process financial data as much as possible, bringing in humans only to validate and deal with anomalies.

Projects you might work on
  • Some of the projects we’re working on include:

    New models for the financial industry that are better predictors of default and fraud.

  • Offering advice and new products to small businesses based upon their financial data and needs.

  • Tighter and a more seamless integration with banks so that users who are looking for capital , while on a bank's website, can go through our pages without having to create a new account or re-enter data already known by the bank - autopopulate and single sign on.

Tech stack
AWS technologies
Ruby on Rails

Working at SmartBiz Loans

Collaborative. Diversified. Respectful. Passionate about impacting small businesses; helping them thrive and get capital when they need it. There is no way we would have survived the intense last 5 quarters if the team hadn't done a great job building relationships, not just within engineering. This was group who pulled together to impact thousands of businesses, lives, and jobs. Knowing this is what we were doing, was the fuel that sustained us.

Diversity and Inclusion

The mission of SmartBiz Loans and something we're incredibly proud of and grateful for - is our ability to serve the underserved - women and minority owned businesses and veteran owned businesses. We are constantly reviewing, addressing, and taking action to make sure that those we serve externally are also served internally - the team that makes SmartBiz who we are. We are proud of the hiring we're doing and have done. We're excited about all of the opportunities we have to do better and not be complacent - it's a constant source of motivation, conversation and action.

We have held numerous company events to celebrate diversity, including Pride Month, Black History Month, as well as other diversity and inclusion events. We have launched a Slack channel called sbdiverse to deliver this content on a regular basis.

Perks & benefits
  • LGBTQ+ friendly
  • Work from Home
  • Maternal/Paternal Leave
  • Health Insurance
  • Team Activities
  • Social impact driven
  • Visa Support
  • Dedicated Human Resources team
Our Team by the Numbers
Engineering team

External Links

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