SAN FRANCISCO--(BUSINESS WIRE)--The end of the fourth paragraph should read: "...and looks to grow the number of employees located there in the next 24 months." instead of: "...and looks to grow the number of employees located there in the next 18 months more than three-fold." Also the first sentence of the fifth paragraph has been removed.
The corrected release reads:
SMARTBIZ LOANS® MAKES THE INC. 5000 LIST OF FASTEST-GROWING PRIVATE COMPANIES IN AMERICA
Coming off the heels of its Austin, TX expansion, SmartBiz Loans ranks 313 in the 2018 Inc. 5000 list
SmartBiz Loans, the #1 online SBA loan marketplace, and bank-enabling technology platform, is pleased to announce that the Company made the 2018 Inc. 5000 list of the fastest-growing private companies in America, ranking 313th. This achievement puts SmartBiz® in rarefied company delivering a 3-year growth rate of over 1,500%.
“We are incredibly proud and honored to be included in Inc.’s list of the 5000 fastest growing companies in America,” said Evan Singer, CEO of SmartBiz Loans. “Many small business owners read and respect Inc., and we’re excited to be included with other companies showing such rapid growth over the past three years. This recognition can help us broaden our impact so we can help facilitate funding for even more small businesses.”
The companies included on the Inc. 5000 list are creators: they create companies, they create value, and according to Inc., they create jobs—more than 650,000 of them over the last three years.
SmartBiz Loans’ inclusion on this list comes on top of the company’s rapid expansion in Austin, TX with a new satellite office opened in July 2017. The firm added over 25 employees during the past 12 months in Austin, and looks to grow the number of employees located there in the next 24 months.
With the Austin expansion, the total number of employees at the Company grew to well over 100, including employees located at its headquarters in San Francisco. The Austin office was opened to help serve small-business owners even better, and to tap into the talented workforce in the region.
“Austin is a vibrant and entrepreneurial city that aligns closely with our company culture,” said Singer. “As a hub for talented individuals in tech, finance and sales, our Austin office not only marks our own growth but helps enable growth for thousands of small businesses who benefit from SBA loans to fuel their business.”
ABOUT SMARTBIZ LOANS®
SmartBiz Loans is a unique combination of an online SBA loan marketplace and a bank enabling technology platform. The Company's online software provides the SBA preferred lenders that utilize SmartBiz, customized and automated origination, underwriting and documentation assistance, making approval and funding fast and easy for small business owners.
SmartBiz Advisor™ is the first, AI-driven online education tool to make financial insights and analysis provided by a typical CFO available to small businesses at no cost. With SmartBiz Advisor, small business owners can learn whether their small business is likely to be approved for a low-cost SBA loan from SmartBiz bank partners before they apply, and also monitor the financial health of their business over time.
SmartBiz Loans is based in San Francisco and was founded in 2009 by a team of experienced financial services entrepreneurs with backing from leading venture capital firms including Venrock, Investor Growth Capital, First Round Capital, Baseline Ventures, and Uncork Capital. Learn more at www.smartbizloans.com.
