Case Study: Funding Circle cuts SBA licensing costs and saves legal team time with Brico

Funding Circle - Customer Case Study

Funding Circle, now operating as iBusiness Funding, faced the challenge of securing new SBA lending licenses swiftly and cost-effectively without overburdening its legal and compliance teams. They turned to vendor Brico and its automated licensing platform to streamline this complex application process.

Brico's solution transformed the license application workflow, dramatically cutting both time and expense. The results included a 32% reduction in licensing costs and a savings of roughly 50% of the legal team's time, cutting the process from 90-120 days down to 47 business days. Brico's platform also allowed the company to add new licenses in minutes by leveraging existing data.

Funding Circle

Teresa Bruce

Senior Paralegal