SBA WORX Selects LenderAI as a Technology Platform for Its LSP Business
FORT LAUDERDALE, Fla., Sept. 29, 2025 /PRNewswire/ -- iBusiness is proud to announce that SBA WORX, a Lending Service Provider (LSP), has selected LenderAI, iBusiness's flagship loan origination and processing technology platform, for its business. This announcement marks the injection of advanced technology into the LSP ecosystem, enabling more transparent and efficient LSP operations for the banks and lenders they support.
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 $7B in SBA loans and more than $4B in conventional SMB loans. iBusiness also announced the expansion of LenderAI to support personal credit products, further demonstrating the platform's versatility. This latest partnership underscores LenderAI's adaptability for use across key stakeholders in the SMB financing ecosystem.
"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 $7 billion in SBA loans to date and handles over 1,200 business loan applications daily. iBusiness Funding is owned by Ready Capital Corporation.
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 U.S. Small Business Administration loans under its Section 7(a) program. Headquartered in New York City, the company employs approximately 350 professionals nationwide.
About SBA WORX
SBA WORX is a specialized Lender Service Provider (LSP) headquartered in St. Louis, Missouri, founded by experienced bankers to support financial institutions with the full lifecycle of SBA 7(a) lending. Their core services help banks and credit unions launch or enhance SBA programs without the capital expense of building an in-house SBA infrastructure, offering outsourced staffing, compliance assistance, and support that integrates seamlessly with existing systems from day one.*
About Arlo Bank
Arlo Bank, based in Springfield, Missouri, is a community-focused financial institution dedicated to simplified banking services by offering a range of solutions catered to our clients' specific needs. With a commitment to customer financial well-being, Arlo Bank leverages local expertise and innovative technology to deliver personalized banking experiences.**
* Information provided by SBA WORX.
** Information provided by Arlo Bank.
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SOURCE iBusiness Funding