News by SB Informer

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Small Business Owners Enthusiastically Respond to Online Paperless Applications

SB Informer
Thursday, November 16, 2006; 03:56 AM

iBank.com has seen a 23% increase of online loan applications from September to October of this year. Online insurance applications are also up 38% from September to October 2006. iBank.com’s increased web presence has proven beneficial for small business owners looking for loans, investors and insurance for their business. This added increase 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.

“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.”

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, 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 network of lenders, investors and agents. 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, iBank.com goes to work finding the appropriate funding source to accommodate the particular needs of the business.

"I thought I would just let you know that Regina Lukens, Senior Customer Support, did an excellent job of helping me process my loan request through I-Bank,” said Kevin Nauta, Territory Director, www.topsinamerica.com. “She also has a superior gift of making the procedure easy and relaxed. Customer service is a hard thing to find these days and you have a gem."

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 has become an innovator of online finance solutions for the small business.

About iBank.com

Based in Costa Mesa, Calif., www.iBank.com is America’s largest online small business commercial network 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, www.iBank.com utilizes advanced search engine technology, a do-it-yourself professional digital 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.