iBusiness Funding Releases Results of Independent SBA Audit, Affirms Commitment to Best-in-Class Compliance

FORT LAUDERDALE, Fla., May 12, 2025 /PRNewswire/ -- iBusiness Funding, a leading Lender Service Provider (LSP) for SBA lending, has released the results of an independent audit conducted by Doeren Mayhew Advisors, one of the nation's most respected SBA audit firms. The audit validates iBusiness Funding's unwavering commitment to SBA compliance and operational excellence, with a reported error rate of just 0.17% and no findings affecting loan eligibility or guarantee status.

"At iBusiness Funding, SBA compliance isn't just a requirement—it's a core value built into the architecture of our technology and the trust we foster with our lending partners," said Justin Levy, CEO of iBusiness Funding. "This audit confirms what our partners already know: when you work with us, you're choosing a system built for speed, accuracy, and confidence in every loan."

The audit reviewed a random sample of closed loans across a range of lenders and borrower profiles. Doeren Mayhew evaluated each transaction for compliance with SBA credit, underwriting, closing, and disbursement standards, as well as the contractual obligations of LSPs. All findings were deemed minor and technical in nature, with no impact to SBA guarantees or eligibility.

"This third-party validation underscores the strength of our platform and the diligence of our team," Levy added. "By increasing transparency in our processes and outcomes, we aim to set a standard that helps raise the bar across the entire industry."

To support transparency and help raise the bar across the SBA lending ecosystem, iBusiness Funding has received approval to publish the full audit report. The document is now available online for lenders, stakeholders, and industry partners to review.

In an environment where many institutions face mounting audit scrutiny and complex regulatory expectations, iBusiness Funding offers a proven alternative. From real-time data validation to built-in compliance checklists, the company's LenderAI platform is designed to simplify SBA lending without compromising on rigor.

To access the full audit report, visit go-ibf.com/sbaauditreport.

About iBusiness Funding
iBusiness Funding is a leading provider of lending solutions for banks and lenders of all sizes, specializing in SBA lending. 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 processed over $7 billion in SBA loans to date and handles over 1,200 business loan applications daily. iBusiness Funding is wholly owned by Ready Capital Corporation

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SOURCE iBusiness Funding