Smart Business Funding Passes $500 Million Funded and Keeps Serving High-Risk Industries

Smart Business Funding has now funded more than $500 million to small and mid-sized businesses across the United States. The company, based in North Miami Beach, Florida, has been serving business owners since December 2014. It continues to fund businesses in industries that many traditional lenders treat as too risky.

What the $500 million means for business owners

Behind that number are thousands of working capital decisions: a restaurant covering a slow season, a contractor buying materials before a big job, a retailer stocking up ahead of the holidays. Every dollar went to a business owner who needed capital faster than a bank usually moves.

Smart Business Funding was named to the Inc. 5000 list of fastest-growing private companies in 2020 (No. 1,229). Since then the company has kept its focus on one thing: giving owners a direct, straightforward way to apply for funding and to understand the cost before they sign.

Funding industries that other lenders avoid

Banks and many online lenders steer away from industries they see as higher risk, such as restaurants, construction, trucking, auto repair, retail and hospitality. Revenue in these businesses can swing with the seasons, the weather, fuel prices or a single large customer paying late. A rigid credit box does not fit them well.

Smart Business Funding looks at the health of the business itself: its revenue, its time in business and how cash moves through it. A weaker personal credit score does not automatically end the conversation.

• Soft credit pull only. Applying does not hurt a credit score.
• Scores from 500. Our direct program approves down to a 500 score.
• $10,000 to $5 million. Funding amounts depend on the business and are subject to approval.
• Fast process. Underwriting is usually 1 to 5 hours on a complete file, and funding is usually 24 to 48 hours from application.
• Fixed payments. Repayment is a fixed daily or weekly payment, so owners know what to plan for.

Both of our programs require at least one year in business. The direct program is built for businesses with $50,000 or more in monthly revenue, and our marketplace program serves businesses with $5,000 or more in monthly revenue. Approval is never guaranteed, and terms vary by business.

How a merchant cash advance works

A merchant cash advance is not a loan. It is the purchase of a portion of a business’s future receivables, repaid by a fixed daily or weekly payment, with a factor rate and fees that are disclosed up front. Our merchant cash advance guide explains the full process, and our transparent terms page shows the math. Owners can also see how it works step by step.

Industries we serve

Owners in many trades can apply. Browse the industries we serve to see how funding is typically used in restaurants, construction, trucking, retail, healthcare and more.

Work with us directly

Apply directly with us and you work with us, not a broker or middleman. Brokers and ISOs who want to bring deals to a direct funder can learn about our partner program. Members of the media can find company facts and contact details on our press page.

Apply for business funding or call 1-866-737-6278 (866-Re-Smart).

Smart Business Funding is a d/b/a of Collins Cash Inc. A merchant cash advance is not a loan. Amounts, factor rates, fees and timing vary and are subject to approval. Funding of more than $500 million refers to cumulative funding across the company’s programs and investor books.

For every option in one place, see our business funding overview and our business financing guide.

Smart Business Funding’s milestone reflects years working with merchants, including businesses in sectors some traditional lenders may treat cautiously. If your operation needs inventory, payroll, or equipment capital, share an application for review and explore industries we serve, with any possible fit assessed against your business details rather than assumed from the industry alone.