Small-Business Bonds (Restaurants, Food & Beverage, Retail, Services)

SMBX

AltStreet reconstructed SMBX's SEC Form C record (271 offerings by 250 small businesses since 2019) and captured the platform's own market dashboard, which shows every listed bond's amount raised, investor count and monthly repayment progress: 211 funded bonds, $21.84 million, 63 repaid in full and 148 repaying, 147 of them within one payment of schedule. Three things the marketplace does not put together for you: 53 of the 275 numbered auction slots are absent from that dashboard, and AltStreet could recover archived listings for 48 of them (34 SEC-filed offerings) but not their outcomes; among issuers whose bond is confirmed funded and old enough to owe the SEC an annual report, 89 of 106 have filed neither a report nor a termination; and no bond has closed on SMBX since April 2026.

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Platform Identity

Headquarters
San Francisco, CA, US
Founded
2016
Platform type
Regulation Crowdfunding Small-Business Bond Marketplace
Regulatory
finra_member
Eligibility
retail

AltStreet Coverage

Review status
Published
Coverage type
Investment platform
Review date
Sep 16, 2026
Last updated
Nov 1, 2026
Composite score
4.8
Structural signals
1 total

Key Data Points

EDGAR-linked offerings
129
Filing-verified raised
$162.2K

Auditors of Record

Audit firms named in this platform's issuer filings, as recorded in AltStreet's auditor directory. Each firm page lists every issuer it audits across covered platforms.

All 4 tracked SMBX offerings →

Manager (Form ADV)

Investment adviser records matched to this platform from SEC Form ADV filings (IARD). Figures are manager-level — they describe the advisory firm, not any single offering on this page.

SMBX CAPITAL LLC

Exempt Reporting Adviser
CRD / SEC#
323883
Status
ERA - Active (California, 2023-01-06)
Item 11 disclosures
None reported
Main office
SAN FRANCISCO, CA
Latest ADV filed
Mar 26, 2024
View on IAPD (adviserinfo.sec.gov)

Item 11 disclosures are affirmative answers to Form ADV's disciplinary questions, which can include affiliate events — they are not a count of violations. Source: SEC Form ADV data, refreshed monthly.

Reference Reading

AltStreet reference pages on the filings and mechanics behind this platform's category.

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