iBusiness Funding
iBusiness Funding is an AI-powered lending platform and SBA loan broker serving SMB borrowers, banks, and credit unions, combining LenderAI software, multi-agent Lendsey AI, and Lending as a Service. A wholly-owned subsidiary of Ready Capital (NYSE:RC), it processes 1,200+ loan applications daily across $7B+ in cumulative SBA volume.
- Company typePrivate
- Founded2015
- HeadquartersMiami Beach, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingSoftware
What iBusiness Funding does
iBusiness Funding, LLC is a Fort Lauderdale-headquartered fintech that operates a dual-segment business combining small business loan brokerage (SBA 7(a), USDA, and term loans up to $500K) with an enterprise AI-powered lending technology platform marketed to banks and credit unions. The company was founded in 2015 by Justin Levy (who previously founded Knight Capital Funding in 2013), became a wholly-owned subsidiary of Ready Capital Corporation (NYSE:RC) in 2019, and now employs 350+ people while processing 1,200+ loan applications daily across $7B+ in cumulative SBA loan volume.
The technology stack is anchored by LenderAI (end-to-end lending platform for financial institutions covering origination through servicing, including ETRAN integration and automated 1502 submission), Lendsey (a multi-agent agentic AI assistant with 40+ preconfigured AI agents trained on $11B+ of historical lending data), and the patent-pending iBuild platform for compliant AI code deployment, supplemented by Platform0 (CRM), iCompose (agent builder), EasyDoc (document/e-sign), and Ocrio (OCR). The company holds SOC 2 Type II and BAICS Level 1 certifications, hosts on AWS, and serves 25+ banks with 1,800+ platform users.
The business model mixes transaction-based loan brokerage and referral fees (SBA 7(a) Referral Program, loan origination take rates), recurring SaaS licensing of LenderAI, managed-service revenue from Lending as a Service (LaaS), and partnership-driven distribution through BizBuySell and Intuit QuickBooks Capital integrations. Primary customers are SMB borrowers seeking capital and banks/credit unions seeking to scale SBA and commercial lending operations; secondary segments include alternative lenders and large corporations.
iBusiness Funding firmographics
Firmographics- Name
- iBusiness Funding
- Legal name
- iBusiness Funding, LLC
- Website
- https://ibusinessfunding.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- iBusiness Funding is an AI-powered lending platform and SBA loan broker serving SMB borrowers, banks, and credit unions, combining LenderAI software, multi-agent Lendsey AI, and Lending as a Service. A wholly-owned subsidiary of Ready Capital (NYSE:RC), it processes 1,200+ loan applications daily across $7B+ in cumulative SBA volume.
- Ownership category
- akta.pro rank
iBusiness Funding industry classification
Industry- Product category
- Lending Technology & Small Business Lending
- NAICS
- Mortgage and Nonmortgage Loan Brokers (52231), Mortgage and Nonmortgage Loan Brokers (522310), Activities Related to Credit Intermediation (5223), Other Nondepository Credit Intermediation (52229)
- SIC
- Loan Brokers (6163), Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- SBA/USDA Government-Backed Loan Intermediation (FSAEAEAI)
- akta.pro secondary industries
- SBA/Government-Backed & Development Finance Loans (FSAKAGAI), Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD), Mini-Correspondent / Table Funding Programs (FSALACAC)
Keywords
Where iBusiness Funding is headquartered
LocationHeadquarters
- HQ city
- Miami Beach
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
iBusiness Funding business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Loan Origination/Brokerage Fees: iBusiness Funding operates as a small business loan broker, matching businesses with lenders. Receives fees from lenders and third-party partners for facilitating loan connections.
- Software Platform Fees (LenderAI): Licensing and subscription fees for LenderAI lending platform provided to financial institutions.
- Lending as a Service (LaaS): Full-service lending solution where iBusiness team operates LenderAI for lenders, handling origination through servicing with enterprise precision.
- SBA 7(a) Referral Program: Revenue earned by referring applicants to SBA 7(a) approved lenders within the network.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | SBA 7(a) Loans - Government-backed loans through SBA approved lender network |
| Transaction based/ take rate | Pay-as-you-go | Term Loans up to $500K |
| Transaction based/ take rate | Pay-as-you-go | USDA Loans |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels5 records
iBusiness Funding product offering
Product offeringCore offering
iBusiness Funding operates a dual-segment business combining small business loan brokerage (SBA 7(a), USDA, and term loans up to $500K) with an AI-powered lending technology platform (LenderAI, Lendsey, iBuild) licensed to banks and credit unions. The company facilitates loan connections for SMB borrowers through its network of 25+ SBA-approved lenders while providing financial institutions with end-to-end SaaS and managed-service solutions that automate the entire loan lifecycle from origination through servicing.
Product overview
iBusiness Funding operates as a dual-segment company with a lending solutions segment (ibusinessfunding.com) and a technology/AI segment branded as iBusiness.ai. The lending segment offers a portfolio of loan products (SBA 7(a), term loans up to $500K, USDA loans) and services including Lending as a Service, SBA 7(a) Referral Program, and Loan Partnerships. The technology segment provides a unified AI-powered platform comprising LenderAI (end-to-end lending platform), Lendsey (multi-agent AI assistant for lending workflows), and iBuild (AI code development platform), supplemented by Platform0 (flexible CRM), iCompose (AI agent creation), EasyDoc (document generation/e-sign), and Ocrio (AI OCR). LenderAI Insights provides analytics on SBA lending trends. The products work together to automate the full loan lifecycle from borrower application through loan servicing.
Differentiator
Problem solved
Functional benefit
Brands
- LenderAI: End-to-end, self-serve AI-driven lending platform for financial institutions to streamline and optimize the lending process.
- Lendsey
- iBuild
- Lending as a Service (LaaS)
- LenderAI Insights
Products and services
- LenderAI End-to-end, self-serve AI-driven lending platform for financial institutions covering the full loan lifecycle from digital borrower application and KYC screening through underwriting, ETRAN integration, document generation, and loan servicing with automated ACH pulls and 1502 submission API.
- Lendsey Multi-agent agentic AI assistant providing 40+ preconfigured AI agents covering the loan origination process (Bank Statement, Tax Spreading, Credit Report, Background Check, Credit Memo agents) with dynamic custom agent creation and human-in-the-loop support. BAICS-compliant and SOC 2 Type II certified.
- iBuild Patent-pending AI-powered code development platform extending 'vibe coding' beyond code generation, enabling technical and non-technical users to describe applications in natural language and build, test, and deploy within SOC 2 Type II-compliant infrastructure.
- Lending as a Service (LaaS) Full-service white-glove lending solution where iBusiness Funding's team operates the LenderAI platform for lenders, handling origination through servicing with enterprise precision.
- SBA 7(a) Referral Program Program enabling lenders and partners to refer applicants to SBA 7(a) funding solutions through iBusiness Funding's network of SBA 7(a) approved lenders while retaining customer relationships.
- LenderAI Insights Advanced analytics and reporting tool providing comprehensive visibility into SBA lending patterns, risk assessment, and market trends using public SBA data sources.
- Business Loans (SBA 7(a), Term Loans, USDA Loans) Range of small business loan products including SBA 7(a) government-backed loans, term loans up to $500K for working capital or expansion, and USDA loans for rural business expansion, facilitated through iBusiness Funding's network of approved lenders.
- Loan Partnerships Program offering non-bank lenders and partners access to innovative funding solutions tailored to clients' unique needs while deepening lender-borrower relationships.
- iCompose AI agent creation platform enabling users to build custom lending and workflow agents with no coding experience required.
- EasyDoc Intelligent document generation and e-signature solution enabling quick document customization and electronic signing for lending operations.
- Ocrio AI-enabled OCR solution with industry-leading accuracy for document processing in lending and financial workflows.
- Platform0 Flexible CRM solution with simplified workflows and custom tool creation capabilities for lending and financial services operations.
Quantifiable outcome
- 30 minutes average borrower pre-qualification time
- +4 more outcomes
Companies that use iBusiness Funding
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
iBusiness Funding technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability9 records
Feature6 records
iBusiness Funding partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, major and infrastructure.
- BizBuySellcoreStrategic partnership integrating SBA 7(a) financing options into BizBuySell's Finance Center, providing access to 65,000+ annual business listings. Prospective buyers can access SBA financing via iBusiness Funding's network of SBA-approved lenders while browsing for acquisition targets.
- IntuitcoreCollaboration enabling Intuit QuickBooks Capital users to apply for SBA loans through a trusted lending network powered by iBusiness Funding's LenderAI technology. Simplifies access to SBA financing for small businesses using QuickBooks.
- Funding Circle USmajorAcquisition of Funding Circle US business in 2024, marking significant milestone in iBusiness Funding's journey to empower small businesses. Returned Funding Circle's newly acquired SBLC license to SBA.
- Fountainhead SBF LLCcoreAcquired non-SBA assets and talent from Fountainhead SBF LLC, enhancing iBusiness Funding's ability to provide a comprehensive suite of lending solutions.
- Amazon Web Services (AWS)infrastructureLenderAI applications hosted in virtual private clouds (VPC) within AWS using modern high-availability cloud architecture for security and reliability.
- SBA (Small Business Administration)coreETRAN integration for SBA loan submission, tracking, and management. Network of SBA 7(a)-approved lenders enabling government-backed lending programs.
Scale indicators9 records
Recent moves8 records
Expansion highlights6 records
iBusiness Funding competitors and assessment
Company assessmentDirect peers
- Lendio: Small business loan marketplace that matches SMB borrowers with a network of lenders, including SBA products. Closely comparable to iBusiness Funding's SMB-facing brokerage and referral business.
- Abrigo: Provider of loan origination, collateral, and risk analytics software to community banks and credit unions — directly comparable to LenderAI's target customer base and SBA-focused workflow automation.
- Celtic Bank: Utah-chartered industrial bank and major SBA 7(a) PLP lender. Comparable as a top SBA originator that operates in iBusiness Funding's network and competes for the same SBA origination volume.
- Live Oak Bank: Top-1% SBA 7(a) lender focused on small business lending across niche verticals. Comparable as a high-volume SBA originator that iBusiness Funding both competes with and supports via its lender network and LenderAI platform.
Emerging players
- Fundbox: Small business working capital and credit solutions provider integrated into SMB software platforms. Comparable in serving SMBs via embedded/partner channels akin to iBusiness's QuickBooks Capital integration.
- OnDeck: Online small business lender offering term loans and lines of credit with technology-driven underwriting. Comparable in SMB credit decisioning and the use of data-driven origination workflows.
- BlueVine: Digital small business banking and working-capital provider with embedded financing products. Comparable in the SMB lending target market and in the use of technology to streamline SMB credit decisions.
Broad incumbents
- nCino: Public banking cloud platform providing loan origination, onboarding, and analytics to financial institutions. Directly comparable as an enterprise lending-software vendor competing for the same bank customers that adopt LenderAI.
- MeridianLink: Lending and account-opening SaaS platform for financial institutions, with growing SMB and consumer lending capabilities. Comparable enterprise SaaS go-to-market competing for similar bank/credit-union budgets.
- Finastra: Large fintech provider of core banking and lending software (including Fusion Loan IQ). Competes with LenderAI for enterprise lending-platform deals at banks and credit unions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
iBusiness Funding social profiles
Digital presenceiBusiness Funding compliance and trust
Trust signalCompliance2 records
iBusiness Funding financial estimates
Financial estimateRevenue estimate
Valuation estimate
iBusiness Funding leadership team
Management profileNumber of profiles
Profiles11 records
iBusiness Funding subsidiaries and ownership
Company hierarchySubsidiaries1 record
iBusiness Funding funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
iBusiness Funding M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about iBusiness Funding
What does iBusiness Funding do?
iBusiness Funding operates a dual-segment business combining small business loan brokerage (SBA 7(a), USDA, and term loans up to $500K) with an AI-powered lending technology platform (LenderAI, Lendsey, iBuild) licensed to banks and credit unions. The company facilitates loan connections for SMB borrowers through its network of 25+ SBA-approved lenders while providing financial institutions with end-to-end SaaS and managed-service solutions that automate the entire loan lifecycle from origination through servicing.
Is iBusiness Funding a public or private company?
iBusiness Funding is a private company. It is classified as corporate owned and is currently operating.
When was iBusiness Funding founded?
iBusiness Funding was founded in 2015. It employs 101 to 250 people.
Where is iBusiness Funding based?
iBusiness Funding is headquartered in Miami Beach, United States, in the North America region.
How does iBusiness Funding make money?
Four revenue lines are on record. Loan Origination/Brokerage Fees are the primary driver. The others are software Platform Fees (LenderAI), lending as a Service (LaaS) and SBA 7(a) Referral Program.
Who are iBusiness Funding's main competitors?
Direct peers on record are Lendio, Abrigo, Celtic Bank and Live Oak Bank. Emerging players are Fundbox, OnDeck and BlueVine. Broad incumbents are nCino, MeridianLink and Finastra.
Does iBusiness Funding have an API?
Yes. LenderAI offers an automated 1502 submission API for SBA loan servicing. The platform provides ETRAN integration for seamless SBA loan submissions, tracking, and management. Additionally, LenderAI includes automated ACH pulls and integrates with the SBA ETRAN system for direct loan submissions without manual uploads.
What industry is iBusiness Funding in?
iBusiness Funding's product category is Lending Technology & Small Business Lending. Its primary akta.pro industry code is FSAEAEAI, SBA/USDA Government-Backed Loan Intermediation, with a secondary code of FSAKAGAI, SBA/Government-Backed & Development Finance Loans. Its NAICS code is 52231 and its SIC code is 6163.