NewswireToday - /newswire/ -
Walnut, CA, United States, 2007/02/05 - Year over year increase of 300% on the web, proves that iBank.com’s network of lenders, bankers, and brokers are resonating with small business owners.
iBank.com has seen a 35% increase of online loan applications month over month during 2006. iBank.com’s increased web presence has proven beneficial for small business owners looking for lenders, investors and insurance agents for their business. The added value of paperless online applications is a big win for all of iBank.com’s partners, lenders, bankers, brokers, agents and investors; but most importantly for the small business owners.
“iBank.com has a great product,” said Joe Arie of Midwest Business Capital located in Ohio. “Being a part of the network really drives opportunities and leads into our box. They are a very professional group of people, especially Erik Hamilton, the Lender Business Development Manager for iBank and Tom Markel, CEO.”
The winning formula for iBank.com is the special search engine dedicated to finding small business owners the funding and financial resources, such as loans, capital and insurance, they need to increase or start their business. Since its inception in 1999, iBank.com has revolutionized the commercial finance marketplace and has provided small business owners with a simplified, streamlined and seamless way to do business online using a fast paperless application. iBank.com has attracted some of the nation’s largest banks as well as community banks, lenders, private investors, brokers, credit unions and insurance agents.
This state of the art technology gives the small business owner the opportunity to go to the website, fill out a short prequalification form and wait for responses from a large nationwide or local network of lenders. The advantages for the business owner are many, but the biggest advantage is the convenience of applying for a loan or insurance, anytime anywhere, and not having to repeat the process over and over again. Once the application is complete and stored in the borrowers’ online secured vault, iBank.com goes to work finding the appropriate funding source to accommodate the particular needs of the business.
“I am so exited to see iBank.com reaching those numbers,” said Tom Markel, CEO of Credentrust Software, Inc., the company that powers iBank.com. “Those numbers prove that small business owners nationwide are becoming aware of the benefits available at iBank.com. Our job is to connect the small business owner to the appropriate funding source with just one simple application."
In just a few minutes, small businesses can create an application and instantly connect with all qualified lenders, brokers, bankers, insurance agents or investors, depending on their needs. The mission at iBank.com is to be a one stop resource center for all the financial needs of the small business. It is an innovator of online finance solutions for the small business.
Based in Costa Mesa, Calif., iBank.com, is America’s largest online small business Finance network. The network helps small businesses collect and store all business information inside a secure online VAULT; it helps create a digital loan package, and insurance and investor application packages. Formed in 1999, iBank.com utilizes advanced search engine technology, and numerous other online tools for communication and connecting in real time with a nationwide network of loans, insurance and capital sources for a faster, easier, and lower cost experience.