SBA WORX Selects LenderAI as a Technology Platform for Its LSP Business
iBusiness announced that SBA WORX, a Lending Service Provider (LSP), has selected LenderAI as its technology platform for loan origination and processing. The platform has processed over $7B in SBA loans and $4B in conventional SMB loans.
LenderAI's platform automates loan origination processes, enhances compliance, and reduces manual workload. The technology offers features including third-party data integrations, external reporting, and advanced Rules Engine and Task Manager automations. iBusiness has also expanded LenderAI to support personal credit products, demonstrating the platform's versatility in the SMB financing ecosystem.
iBusiness ha annunciato che SBA WORX, un Lending Service Provider (LSP), ha scelto LenderAI come sua piattaforma tecnologica per l'origine e l'elaborazione dei prestiti. La piattaforma ha elaborato oltre 7 miliardi di dollari in prestiti SBA e 4 miliardi di dollari in prestiti SMB convenzionali. LenderAI's piattaforma automatizza i processi di originazione dei prestiti, migliora la conformità e riduce il carico di lavoro manuale. La tecnologia offre funzionalità tra cui integrazioni dati di terze parti, reporting esterno e automazioni avanzate del motore di regole e del task manager. iBusiness ha anche esteso LenderAI per supportare prodotti di credito personali, dimostrando la versatilità della piattaforma nell'ecosistema di finanziamento SMB.
iBusiness anunció que SBA WORX, un Lending Service Provider (LSP), ha seleccionado a LenderAI como su plataforma tecnológica para la originación y procesamiento de préstamos. La plataforma ha procesado más de $7B en préstamos SBA y $4B en préstamos SMB convencionales. La plataforma de LenderAI automatiza los procesos de originación de préstamos, mejora el cumplimiento y reduce la carga de trabajo manual. La tecnología ofrece funciones que incluyen integraciones de datos de terceros, informes externos y automatizaciones avanzadas del motor de reglas y del gestor de tareas. iBusiness también ha ampliado LenderAI para respaldar productos de crédito personal, demostrando la versatilidad de la plataforma en el ecosistema de financiamiento SMB.
iBusiness가 SBA WORX, 대출 서비스 공급자(LSP),를 위한 기술 플랫폼으로 LenderAI를 선택했다고 발표했습니다. 이 플랫폼은 $7B 이상의 SBA 대출과 $4B의 일반 SMB 대출을 처리했습니다. LenderAI의 플랫폼은 대출 원활화 프로세스를 자동화하고 컴플라이언스를 강화하며 수작업 부담을 줄입니다. 이 기술은 제3자 데이터 통합, 외부 보고, 고급 규칙 엔진 및 작업 관리자 자동화를 포함한 기능을 제공합니다. iBusiness는 또한 개인 신용 상품을 지원하도록 LenderAI를 확장했고, 중소기업 금융 생태계에서 플랫폼의 다재다능함을 보여줍니다.
iBusiness a annoncé que SBA WORX, un Lending Service Provider (LSP), a choisi LenderAI comme plateforme technologique pour l'origine et le traitement des prêts. La plateforme a traité plus de 7 milliards de dollars de prêts SBA et 4 milliards de dollars de prêts SMB conventionnels. La plateforme de LenderAI automatise les processus d'origination des prêts, améliore la conformité et réduit la charge de travail manuel. La technologie offre des fonctionnalités comprenant des intégrations de données tierces, des rapports externes et des automatisations avancées du moteur de règles et du gestionnaire de tâches. iBusiness a également étendu LenderAI pour prendre en charge des produits de crédit personnels, démontrant la polyvalence de la plateforme dans l'écosystème de financement SMB.
iBusiness hat bekannt gegeben, dass SBA WORX, ein Lending Service Provider (LSP), LenderAI als technologische Plattform für die Kreditvergabe und -abwicklung ausgewählt hat. Die Plattform hat über 7 Milliarden Dollar an SBA-Darlehen und 4 Milliarden Dollar an herkömmlichen SMB-Darlehen verarbeitet. Die Plattform von LenderAI automatisiert die Kreditoriginationsprozesse, verbessert die Einhaltung von Vorschriften und reduziert den manuellen Arbeitsaufwand. Die Technologie bietet Funktionen wie Drittanbieterdaten-Integrationen, externes Reporting sowie fortschrittliche Rules Engine- und Task-Manager-Automatisierungen. iBusiness hat LenderAI auch erweitert, um persönliche Kreditprodukte zu unterstützen, was die Vielseitigkeit der Plattform im SMB-Finanzierungs-Ökosystem demonstriert.
iBusiness أعلنت أن SBA WORX، مزود خدمة الإقراض (LSP)، اختار LenderAI كمنصة تكنولوجية للإصدار والمعالجة للقروض. لقد عالجت المنصة أكثر من 7 مليارات دولار من قروض SBA و4 مليارات دولار من قروض SMB التقليدية. تقوم منصة LenderAI بأتمتة عمليات إصدارة القروض، وتحسن الامتثال، وتقلل العبء اليدوي للعمل. توفر التقنية مزايا تشمل تكامل بيانات الطرف الثالث، والتقارير الخارجية، وأتمتة محرك القواعد ومدير المهام المتقدمين. كما وسّعت iBusiness استخدام LenderAI لدعم منتجات الائتمان الشخصية، مبرزةً مرونة المنصة في منظومة تمويل الشركات الصغيرة والمتوسطة.
iBusiness宣布，SBA WORX，一家放款服务提供商（LSP），已选择 LenderAI 作为其用于放款发起与处理的技术平台。该平台已处理超过 70亿美元 的 SBA 贷款和 40亿美元 的常规中小企业贷款。LenderAI 的平台自动化放款发起流程、提升合规性并减少人工工作量。该技术提供包括第三方数据集成、外部报告，以及先进的规则引擎和任务管理自动化等功能。iBusiness 还扩展了 LenderAI 以支持个人信用产品，展示了该平台在中小企业融资生态系统中的多样性。
- Platform has processed over $7B in SBA loans and $4B in conventional SMB loans
- Expansion into personal credit products market
- Multiple large banks already added as clients
- None.
Insights
SBA WORX's adoption of LenderAI shows iBusiness expanding its market reach while enhancing loan processing capabilities for small business lenders.
This partnership represents a strategic market expansion for iBusiness, as they extend their LenderAI platform to the Lending Service Provider (LSP) segment. SBA WORX will leverage the platform to enhance the services it provides to banks and lenders, particularly for Small Business Administration (SBA) loans.
The technical capabilities highlighted in this implementation include multiple integrations with third-party credit and identity data sources, end-to-end process transparency, and advanced Rules Engine and Task Manager automations. These features address key pain points in loan origination: data collection, compliance verification, and workflow efficiency.
LenderAI appears well-established in the market, having processed over
The expansion of LenderAI to support personal credit products shows iBusiness is diversifying beyond its core SBA lending technology focus, which could drive additional revenue streams. For iBusiness, each new LSP partnership potentially multiplies their reach across multiple banks without direct sales efforts to each institution.
From a competitive positioning standpoint, LenderAI's emphasis on giving lenders "full control of the lending file" with "real-time access" addresses a critical trust factor in the LSP-lender relationship, creating differentiation in the market.
By adopting LenderAI, LSPs can deliver faster, more accurate, scalable lending services to their bank partners. The platform automates and streamlines critical components of the loan origination process, helps improve compliance, and significantly reduces manual workload. As a result, lenders can originate loans with greater confidence, speed, and efficiency.
Tim Davis, Founder & CEO at SBA WORX, emphasized the rationale behind the selection: "We're thrilled to partner with a next-generation SBA technology platform like LenderAI. We expect to use multiple features to transform the lending experience for the banks we support, including multiple integrations with third-party credit and identity data sources, end-to-end process transparency with external reporting for lenders we work with, and the advanced Rules Engine and Task Manager automations, to name a few."
SBA WORX's clients are already seeing the benefits. "As a growing financial institution, we're excited to offer a client experience that rivals, and in many ways exceeds, what's typically expected from much larger, more established banks," said Ryan Jones, Chief Lending Officer at Arlo Bank. "Thanks to SBA WORX and their use of this innovative technology, we're significantly improving our customer experience and data accuracy, which elevates the entire lending experience for our borrowers."
LenderAI was already recognized as a leading technology solution for SBA lending and the broader SMB financing space. The platform has recently added several large banks and has been used to help process over
"One of the most important aspects of an LSP–lender relationship is that the lender maintains full control of the lending file," said Kos Joshi, Chief Business Officer at iBusiness. "LenderAI does this out of the box and gives real-time access to every file and document upload to the lender. LenderAI's ability to streamline workflows, support seamless lender transitions, and enforce strong privacy and risk controls makes it a strong fit for LSPs looking to grow efficiently and remain compliant."
As LSPs take on a greater role in supporting banks with their lending operations, iBusiness's move to extend LenderAI to this segment represents a major step in modernizing the entire loan origination value chain.
To learn more about partnership opportunities with iBusiness, please visit www.ibusinessfunding.com/lenderai.
About iBusiness Funding, LLC
iBusiness Funding is a leading provider of lending solutions for banks and lenders of all sizes, specializing in SBA lending programs. The company is dedicated to streamlining the business lending process, enabling lenders to efficiently deliver capital to small and medium-sized businesses. iBusiness Funding has helped process over
About Ready Capital Corporation
Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market investor and owner-occupied commercial real estate loans. The company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge loans, as well as
About SBA WORX
SBA WORX is a specialized Lender Service Provider (LSP) headquartered in
About Arlo Bank
Arlo Bank, based in
* Information provided by SBA WORX.
** Information provided by Arlo Bank.
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SOURCE iBusiness Funding
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