SAN FRANCISCO, CALIF. - SmartBiz®, the leading AI-powered financing platform for small businesses and Cross River®, a technology-driven financial services organization that provides core infrastructure and embedded financial solutions, today announced a partnership to equip more U.S. small businesses with access to the financing they need to grow.
The partnership enables Cross River to leverage SmartBiz’s best-in-class digital application, on top of its existing tech-stack, for a faster and more efficient process for small businesses to obtain funding, with Cross River powering the financial services on the backend. SmartBiz’s application consists of AI-driven processing and exceptional customer experience with transparency to streamline the process of connecting more entrepreneurs with SBA 7(a) loans - a critical financial tool for small businesses.
“We’re thrilled to join forces with SmartBiz to make an elevated SBA financing experience more readily accessible to small business customers," says Eli Hazan, Head of Business Lending at Cross River. "SmartBiz is at the forefront of the loan optimization process, and like Cross River, is operating at the intersection of cutting-edge technology and stellar customer service."
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