#United States #Fort Lauderdale #Compliance #SBA Lending #iBusiness Funding

iBusiness Funding's Commitment to Excellence in SBA Lending

In an industry where compliance and operational accuracy are paramount, iBusiness Funding has once again demonstrated its dedication to high standards through the release of results from a recent independent audit. This audit, conducted by the reputable Doeren Mayhew Advisors, a leader in SBA compliance audits, confirms that iBusiness Funding is maintaining its reputation for excellence in servicing SBA loans.

Audit Results and Insights

The independent audit has unveiled commendable results, showcasing an impressive error rate of only 0.17% across a diverse selection of closed loans. More importantly, none of these errors have had any detrimental impact on loan eligibility or guarantees, a testament to the diligence and precision with which the company operates. This rigorous examination not only reflects the company's internal procedures but also highlights its commitment to providing optimal services to its lending partners.

Justin Levy, the CEO of iBusiness Funding, highlighted the significance of this audit, stating, “At iBusiness Funding, SBA compliance isn't just a requirement—it's a core value built into our technology and trusted partnerships.” This conviction is at the heart of the services offered by iBusiness Funding, ensuring that their platform is synonymous with speed, reliability, and transparency.

Third-Party Validation

The findings of the audit serve as third-party validation, underscoring the strength of the iBusiness Funding platform and the rigorous measures that underpin its operations. According to the audit, the evaluations focused on compliance with various standards—credit, underwriting, closing, and disbursement—demonstrating that the company adheres to all necessary regulatory requirements without any significant shortcomings.

“By increasing transparency, we aim to raise the bar across the entire SBA lending ecosystem,” Levy remarked, hinting at the higher standards he wishes to create through such transparency initiatives. Furthermore, the full audit report has been made publicly available for lenders and stakeholders who wish to review the comprehensive details.

Emphasis on Transparency

In an age brewing with intense scrutiny and complex regulations within the financial sector, iBusiness Funding provides a reliable alternative. The company’s innovative LenderAI platform is specifically designed to simplify SBA lending processes, blending efficiency with comprehensive regulatory checks. Such advancements ensure that lending partners can trust in the accuracy and dependability of operations involved in SBA transactions.

A Leader in SBA Lending

iBusiness Funding does not merely process loans; it has proudly facilitated over $7 billion in SBA loans and currently handles around 1,200 loan applications each day. This level of activity marks the company as a standout figure among Lender Service Providers, continually innovating to help small and medium-sized businesses thrive.

For anyone interested in the findings of the independent audit, the full report can be accessed online at go-ibf.com/sbaauditreport.

In summation, the results of this independent audit serve not only as a validation of iBusiness Funding's operational integrity but also illuminate the path forward for the SBA lending market. With unwavering dedication to compliance, transparency, and service excellence, iBusiness Funding is poised to continue leading the way in providing swift and secure lending solutions for various business needs.