SMBX

Name: SMBX
Rating: 3.6 (49 reviews)
Author: SMBX, Inc.

Earn monthly passive income

Only for iPhone

Free · Designed for iPhone

49 Ratings
Ages

4+
Years
Category

Finance
Developer

SMBX, Inc.
Language

EN
English
Size

87.7
MB

iPhone

SMBX is a marketplace connecting everyday investors with successful small business owners. Through SMBX, eligible small businesses can apply to issue Small Business Bonds™ directly to local residents and investors. A Small Business Bond is like a loan, but instead of paying monthly principal and interest to a bank, small businesses pay it back to a community of investors. It’s community-based support that’s a win – win. SMBX brings investors and small businesses full transparency with investments you can see—close to home. Know where your dollars go, and how they’re spent by investing in what you love. Invest as little as $10 to join the financial revolution. Download now and tap into passive income with monthly payback. *Investing in Reg CF securities includes financial risks, including loss of money invested.

Ratings & Reviews

3.6

out of 5

49 Ratings

Loosing it is value to investors
09/21/2021

sparo 8372
The app started great with some bonds return as much as 10% but over time they trended to offer lower returns of 6.5% to 7.5% on unsecured high risk bonds. This is make it less worth it specially when compared to publicly traded bonds that some of them offer as high as 12% and easier to liquidate. Hope they consider negotiating better deals in the future when they on board a business

Developer Response
Thank you for taking the time to share this feedback with us. It helps our team grow and understand what investors are looking for. If we may address your concerns on interest rates and how they've changed - the market rate to borrow capital is much lower right now, so we had to drop our rates because as a market, rates were slashed 150 basis points in early 2020. We followed suit because otherwise we would not have been able to compete with the SBA. This is one of many factors that our underwriting team takes into consideration when setting the interest rates for businesses on SMBX. We encourage you to check out the Learn section of the app to read FAQs on how we vet and qualify businesses based on a standardized criteria for risk.At SMBX, our mission is to provide investors choice over where their money is invested. Our goal is to continue to expand our investment opportunities for you so you get to decide where your money is invested. We'd love to hear more about what you're looking for - please email us at support@thesmbx.com.
Loosing it is value to investors
09/21/2021

sparo 8372

The app started great with some bonds return as much as 10% but over time they trended to offer lower returns of 6.5% to 7.5% on unsecured high risk bonds. This is make it less worth it specially when compared to publicly traded bonds that some of them offer as high as 12% and easier to liquidate. Hope they consider negotiating better deals in the future when they on board a business
Developer Response 11/01/2021
Thank you for taking the time to share this feedback with us. It helps our team grow and understand what investors are looking for. If we may address your concerns on interest rates and how they've changed - the market rate to borrow capital is much lower right now, so we had to drop our rates because as a market, rates were slashed 150 basis points in early 2020. We followed suit because otherwise we would not have been able to compete with the SBA. This is one of many factors that our underwriting team takes into consideration when setting the interest rates for businesses on SMBX. We encourage you to check out the Learn section of the app to read FAQs on how we vet and qualify businesses based on a standardized criteria for risk.At SMBX, our mission is to provide investors choice over where their money is invested. Our goal is to continue to expand our investment opportunities for you so you get to decide where your money is invested. We'd love to hear more about what you're looking for - please email us at support@thesmbx.com.
Only Works if Bonds are actually Paid
12/10/2024

coasterider
The system only works when payments by the issuing entity are complete on time. When a bond payment is missed, it just says “pending” and each month it keeps doing that with little to no communication about the actual missed payment. Some companies have stopped paying years ago and it just says “pending” for each new monthly payment and I have heard nothing about it.
Only Works if Bonds are actually Paid
12/10/2024

coasterider

The system only works when payments by the issuing entity are complete on time. When a bond payment is missed, it just says “pending” and each month it keeps doing that with little to no communication about the actual missed payment. Some companies have stopped paying years ago and it just says “pending” for each new monthly payment and I have heard nothing about it.
Awesome new way to invest
01/10/2020

lost addict
I’m always looking for opportunities to invest. Here we can invest confidently in local businesses that we patronize. App is simple to use and strait forward, looking for many new and interesting companies to help fund.
Awesome new way to invest
01/10/2020

lost addict

I’m always looking for opportunities to invest. Here we can invest confidently in local businesses that we patronize. App is simple to use and strait forward, looking for many new and interesting companies to help fund.
Bonds over subscribe
05/12/2023

bd bdine idjbebe
Be prepared to have a lot of emails with their support team over a course of 30 days. App will say complete as if your $ is in the bonds when it isn’t. Confusing and will need to be fixed. Funds should auto refund if they cannot be invested within 10 days; not 30 and require you emailing support to figure out what’s going on. This was the response:Under the current regulatory framework, SMBX does not handle or hold investor money and cannot auto-refund investor's money without the issuer authorizing the release of funds held in the escrow account, which happens at allocation.Technology and other members of our operations team to see if there is an alternative way to disclose over-subscription.When this is fixed I’ll update my review. Right now; I wouldn’t put a lot of money in yet.
Bonds over subscribe
05/12/2023

bd bdine idjbebe

Be prepared to have a lot of emails with their support team over a course of 30 days. App will say complete as if your $ is in the bonds when it isn’t. Confusing and will need to be fixed. Funds should auto refund if they cannot be invested within 10 days; not 30 and require you emailing support to figure out what’s going on. This was the response:Under the current regulatory framework, SMBX does not handle or hold investor money and cannot auto-refund investor's money without the issuer authorizing the release of funds held in the escrow account, which happens at allocation.Technology and other members of our operations team to see if there is an alternative way to disclose over-subscription.When this is fixed I’ll update my review. Right now; I wouldn’t put a lot of money in yet.

Minor bug fixes and performance improvements

Version 2.29.1 10/13/2023

Data Linked to You

The following data may be collected and linked to your identity:
- Contact Info
- Identifiers
- Usage Data
- Diagnostics
Data Not Linked to You

The following data may be collected but it is not linked to your identity:
- Location

Privacy practices may vary, for example, based on the features you use or your age. Learn More

Accessibility

Information

Seller: SMBX, Inc.
Size: 87.7 MB
Category: Finance
Compatibility: Requires iOS 14.7 or later.

iPhone
Requires iOS 14.7 or later.

iPod touch
Requires iOS 14.7 or later.

Mac
Requires macOS 11.5 or later and a Mac with Apple M1 chip or later.

Apple Vision
Requires visionOS 1.0 or later.
Languages: English
Age Rating: 4+

4+

Learn More

Developer Website

Privacy Policy

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SMBX

Ratings & Reviews

Loosing it is value to investors

Only Works if Bonds are actually Paid

Awesome new way to invest

Bonds over subscribe

What’s New

App Privacy

Data Linked to You

Data Not Linked to You

Accessibility

Information

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