iBusiness Funding, a trailblazer in SBA and business lending solutions, is proud to announce a record-setting quarter in Q1 2024, with $105 million in SBA 7(a) loans processed through their network of SBA authorized lenders. This milestone underscores the growing success of their Lending as a Service (LaaS) offering, powered through their proprietary LenderAI software. With this record-setting quarter paving the way, iBusiness Funding is now processing over $40MM monthly for their clients.
With this record-setting quarter paving the way, iBusiness Funding is processing over $40MM monthly for their clients
"We are beyond grateful to all of our bank and financial institution lending partners who trust us to assist their clients and process such complex loans on their behalf. This record quarter is a testament to our commitment to continuous innovation and making prudent lending efficient and profitable for SBA lenders," said Justin Levy, CEO of iBusiness Funding.
"We are beyond grateful to all of our bank and financial institution lending partners who trust us to assist their clients and process such complex loans on their behalf. This record quarter is a testament to our commitment to continuous innovation and making prudent lending efficient and profitable for SBA lenders," said Justin Levy, CEO of iBusiness Funding.
In addition to this financial achievement, iBusiness Funding is proud to highlight its significant role in supporting diverse businesses. Over 62% of the loans processed were obtained by women-, minority-, and veteran-owned businesses. This ability to help these types of businesses, which historically have had difficulty getting funding, is a core part of their mission to make financing accessible and equitable for all.

Source prnewswire