Sunflower Bank, N.A. announces the launch of a small business lending online platform

By Edlyn Cardoza

Sunflower Bank, N.A. announced the launch of a new small business lending platform in partnership with SmartBiz, one of the leading AI-powered small business financing platforms. Through a new end-to-end online portal, small businesses in Sunflower Bank, N.A.’s branch footprint, now have access to a streamlined process to apply for conventional small business loans from $25,000-$350,000. Small Business Administration (SBA) 7(a) and Express Line loan products will be available beginning in the second quarter of 2023.

“SmartBiz aligns with our relationship banking approach, as well as our ambitious growth plans through its combination of technology and live support,” said Matt Fitch, Managing Director of Business Banking and SBA at Sunflower Bank, N.A. “We are very excited to be able to meet the needs of more small business customers together and look forward to a long and productive partnership.”

SmartBiz’s CEO Evan Singer said, “Our mission at SmartBiz is to equip every entrepreneur with reliable access to the capital they need. We are thrilled to partner with Sunflower Bank, N.A. to ensure their clients can grow and strengthen their businesses with the right capital at the right time.”

The Bank operates as Sunflower Bank and First National 1870, with 65 branches throughout Arizona, Colorado, Kansas, New Mexico, and Texas. By leveraging the leading-edge technology and experienced small business loan specialists available from SmartBiz, Sunflower Bank, N.A. has added efficiency and individualised support throughout the loan application and approval process.

SmartBiz is the leading AI-powered small business financing platform equipping entrepreneurs with access to the right capital at the right time. To date, SmartBiz has connected borrowers with more than $9 billion in financing while increasing efficiency for its network of banks and trusted lending partners. More than 230,000 entrepreneurs have utilised SmartBiz to access the funding they need to grow, with 60% of loans made to minority, women, or veteran-owned businesses.