Great People Hanging On - Lending Specialist SmartBiz Employee Review

3.0
21 Mar 2022
Recommend
CEO approval
Business outlook

Pros

* Small business mission is noble, PPP1 and PPP2 were epic moments for company. * Positive, can-do CEO has set great tone during tough times working remotely. * Boarding and HR have really improved and communicative. * Kind colleagues to slack with and bond with make up for often stale remote culture.

Cons

* Company not growing, volume, revenue or profit. Used to be profitable. * PPP is over and lots of new hires and leaders who don't know much about SBA process. * Customer fallout after PPP hard and very public. * Lot of internal and external PR management instead of managing to profitability and winning again.

Explore other reviews about SmartBiz

5.0
4 Nov 2025
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

great employees, leadership that cares, and mixes technology with function

Cons

acquisition and realignment took time

1.0
23 Dec 2025
Recommend
CEO approval
Business outlook

Pros

- Some talented individual contributors and middle managers who genuinely care about small businesses - Flexible hybrid work policy and solid benefits - Opportunities to work in "fintech" - if you can handle the constant chaos

Cons

- Leadership instability and financial mismanagement resulted in 4 rounds of layoffs in 2 years - Technology is far behind modern fintech standards, with minimal automation in place - Reputation problems with the partner and broker community directly hurt deal flow and caused missed targets - Morale is low due to ongoing fear of additional layoffs tied to missed quarterly targets - Below-market pay with no raises for years, first blamed on becoming a bank, now deferred indefinitely until profitability

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