Press Release: iBank Moves To A New Home

iBANK'S FREE "CRISIS RECOVERY" TOOL ENABLES LOANS FOR TEXAS SMALL BUSINESSES DEVASTATED BY HURRICANE IKE

COSTA MESA, CALIF. (September 16, 2008) -

City, state and local government agencies, chambers of commerce, and private relief organizations that help small-business owners in Texas can now take advantage of a free service that will enable them to better assist small businesses affected by Hurricane Ike. iBank, a Web site that matches small-business borrowers with financing sources, has set up a Crisis Recovery program, offering its loan matchmaking tool to these organizations for free so the organizations can help their small-business clients find loans.

iBank provides a seamless, branded search engine tool that can be hosted on any Web site. This branded search engine can be up and running in 15 minutes, and includes tracking and metrics reports.

Normally, iBank charges $50,000 to $100,000 to create a branded search engine for customers. However, under its Crisis Recovery program, for the next 3 to 4 months, the Costa Mesa, California, company will waive the cost to small-business organizations and agencies in Texas.

iBank, which was founded in 1999, is a web-based company that allows small businesses to post commercial loan applications to a network of bankers, direct lenders and brokers. The company currently process about $133 billion in commercial loan applications a month. With loan applications covering small business, equipment leasing and commercial real estate loans, iBank process about 87 different kind of commercial loans. In addition, with the inclusion of its Capital and Insurance Centers, the site is a virtual Grand Central Station of small business, venture capital and insurance applications

iBank will also waive costs for the small-business owners who find financing through any partner agency using iBank's search tool. Normally, the company charges from $50 to $300 for business owners to do a one-time search for financing.

"Small-business owners in Texas are hurting, and iBank is here to help," said Tom Markel, iBank's founder and CEO. "When entrepreneurs affected by this disaster turn to their local agencies, our loan matchmaking tool will enable the agencies to point them in toward appropriate financing without delay."

For additional information on iBank's Crisis Recovery program, contact Tom Markel III


About iBank.com
iBank enables corporations to sell more products and services to their customers by providing their customers with seamless connectivity to credit and capital. The financial information bank for small business,iBank provides an online commercial lending marketplace for business loans, commercial mortgage loans and equipment lease financing. iBank's FinanceSuite solution offers businesses a simple, streamlined and smart way to create a professional digital loan package on the Web, then connect it to hundreds of lenders.

 
iBank

Tom Markel III,
Vice President of Enterprise Partners
(949) 265-5764 or (877) 999-6465
tmarkel@ibank.com
3151 Airway, Building G-3
Costa Mesa, CA 92626