BillFloat Inc.

BillFloat Inc. provides small businesses with access to low-interest SBA loans, facilitating financial solutions tailored to their diverse needs and empowering their growth through innovative technology and efficient service. Founded in 2009 and headquartered in San Francisco, US, BillFloat Inc. specializes in offering financial services, focusing on SBA loans.

The company has completed 6 deals, with its most recent funding round taking place on December 17, 2014, in the form of a Series D round where a total of USD 21. 00 mn has been raised, valuing the company at USD 117. 96 mn. The CEO, Evan Singer, leads the company with a vision for providing reliable financial products.

SmartBiz Bank specializes in providing financial services tailored specifically for small businesses, with a core focus on low-interest SBA loans. These loans are designed to support various business needs, including funding for growth, refinancing existing high-interest debt, and managing cash flow through flexible terms and fixed rates. The company employs innovative technology combined with personalized service to streamline the loan application process, allowing businesses to secure funding efficiently. SmartBiz Bank serves a diverse clientele across the United States, providing financial solutions that empower small businesses in markets ranging from retail to services.

SmartBiz Bank generates revenue through its financial products, primarily by facilitating SBA loans for small businesses. The company’s revenue model is based on interest payments from the loans it disburses, along with fees associated with loan origination and processing. Transactions occur directly between SmartBiz Bank and its clients, focusing on B2B engagements, where small business owners apply for loans to meet their financial needs. SmartBiz Bank’s flagship offerings include the SBA 7(a) loans, which are essential for businesses seeking low-cost financing solutions, thereby contributing to the firm’s financial sustainability and growth.

BillFloat Inc. is looking to expand its products and services, enhancing its offerings to include additional financial solutions tailored to small businesses. This growth strategy includes targeting new geographic markets with a focus on specific regions across the United States by the end of 2015. Recent funding from the Series D round in December 2014 will be directed towards these initiatives to further support the development and rollout of new products and services.