News by SB Informer

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iBank.com Launches its Searchable Module to SCORE

SB Informer
Thursday, November 9, 2006; 03:17 AM

iBank.com, America's #1 online small businesses financial network, announces the release of its searchable module to SCORE, America's premier source of free & confidential small business advice for entrepreneurs. Both companies have similar missions, which are to help small businesses succeed in today’s competitive marketplace.

“We are thrilled to be featured on such a wonderful small business site,” said Tom Markel, CEO of Credentrust, which powers iBank.com. “Helping the small business owner get the resources they need, day or night, is what iBank.com and SCORE are all about.”

iBank.com is dedicated to providing the small business owner with the necessary resources and financing needed, to help the business start, grow or stay afloat. iBank.com offers the small business a secured storage vault, which holds all their business information and tax returns. This gives the borrower the opportunity to fill out only one application which will then be seen by hundreds of lenders, investors and insurers. Working with iBank.com small businesses have access to over 265 lenders and over 90 customized commercial loan applications, 30 commercial insurance applications and a private investor network, along with the business tools and workshops offered by SCORE. All of this is offered in real time, anytime and anywhere. This gives the applicant a chance to compare rates and terms and choose his own lender, insurer or investor. With just one application the borrower will be connected in real time to America’s best sources for commercial loans and leases, commercial insurance products and capital investors.

“Access to capital is vital for small businesses. The numerous searchable sources for capital and insurance available to entrepreneurs provide the opportunity to pick and choose the best solutions for their businesses,” said Ken Yancey, SCORE CEO.

SCORE, “Counselors to America’s Small Business”, was started in 1964 and now has 389 offices nationwide. With more than 600 skill area’s and 10,500 volunteers available to help the small business owner, SCORE gives the entrepreneur free, confidential advice to help businesses get off the ground. SCORE has helped more than 7.5 million small businesses since their incorporation. SCORE is a nonprofit association dedicated to entrepreneurial education and the formation, growth and success of small businesses nationwide.

About iBank.com

Based in Costa Mesa, Calif., iBank.com, America’s largest online small business lending engine, has become a commercial lending marketplace for businesses seeking venture capital and angel investors, small business loans, equipment leasing, business insurance and commercial mortgage loans in real time. Formed in 1999, iBank.com utilizes advanced search engine technology, a do-it-yourself professional online loan package builder, and numerous other online tools for communication and connecting with more than 250 lenders nationwide for closing loans faster. The whole process, when compared to manually preparing separate loan packages and finding the right lenders, eliminates about two-thirds of the time and cuts 90% of the cost involved.

About SCORE

SCORE is a 501 (c) (3) nonprofit organization. We provide a public service to America by offering small business advice and training. SCORE was formed in 1964 to help small businesses flourish. SCORE's 10,500 volunteers have more than 600 business skills. Volunteers share their wisdom and lessons learned in business. Our volunteers are working/retired business owners, executives and corporate leaders.
SCORE is a resource partner with the U.S. Small Business Administration. The SCORE Association, headquartered in Washington, D.C., is a nonprofit association dedicated to entrepreneurial education and the formation, growth and success of small businesses nationwide. SCORE has 16 employees.