Press Release: iBank Moves To A New Home

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

SMALL BUSINESS OWNERS ENTHUSIASTICALLY RESPOND TO iBANK.COM'S NATIONWIDE NETWORK OF LENDERS


COSTA MESA, CALIF. (Feb. 02 2007) -

www.iBank.com, 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
-more-

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.


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