This research examines the relationship between facilitating condition, digital literacy, pandemic adoption, social influence, application use intention, and IoT-based business. Also, the research used systematic random sampling in this study to achieve the most rigorous analysis of the possible research objectives even though 277 legitimate replies were received in response to the survey questions asked at the online-based companies in Bangladesh. The scope of this study is the urban SME industry in Bangladesh. Besides that, the data was being analyzed with the help of partial least squares structural equation modeling (PLS-SEM). These research findings showed that facilitating condition (FC), digital literacy (DL), pandemic adoption (PA), social influence (SI), application use intention (AUI), and IoT-based business (dependent variable) effect in SME business industries in Bangladesh.