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iBANK'S FREE "CRISIS RECOVERY" TOOL ENABLES LOANS FOR TEXAS SMALL BUSINESSES DEVASTATED BY HURRICANE IKE
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COSTA MESA, CALIF. (September 16, 2008) - 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
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