Repayment of loan
You will repay these loans monthly after they are funded. The process for term loans is similar, though the rates are higher and the approval times are shorter. To determine eligibility, SmartBiz doesn't perform a hard credit pull on your credit score.
SmartBiz PPP loans of $150,000 or less are forgivable if the lender sponsored the loan opted in to direct forgiveness. You need to submit a PPP loan forgiveness application form to your lender. Your lender is required by law to respond within 60 days. You must submit the forgiveness application within 90 days of the end of the eight-week post-funding process.
Payment Details
Short name
SmartBiz
