In a move that signals a broader shift in how small businesses access capital, iBusiness Funding has announced a collaboration with Intuit to offer SBA financing options directly within the QuickBooks platform. This integration means that millions of small business owners using QuickBooks will now have the ability to explore SBA loan opportunities, streamlining one of the historically most cumbersome funding processes.

The Loan Agent Oversight Act mandates the SBA's Office of Credit Risk Management to submit an annual report to Congress. This report must detail: The number of agents assisting loan applicants. The number of fraudulent loans linked to agent involvement. Referral fees paid by lenders to agents. This initiative stems from findings that, in 2023 alone, the SBA's 7(a) program issued 47,700 loans totaling $25.7 billion, with $335 million identified as fraudulent due to loan ag