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iBANK.COM ADDS 17 MORE LOAN/LEASE TYPES TO ITS LENDING SEARCH ENGINE GIVING SMALL BUSINESSES MORE OPPORTUNITY TO FIND A LOANTHAT FITS THEIR NEED
COSTA MESA, CALIF. (Feb. 14, 2006) - www.iBank.com, America's largest online small business lending network, has added 17 new loan/lease types to its small business lending search engine, allowing small business seeking financing to narrowly target their search for banks that offer the loan product they need. The additions bring the total to 92 different types of small business loans, equipment leasing and commercial and home mortgage loans.
"A loan/lease product that works well with one business may not be an appropriate fit for another, which is why we continue adding the newest and most sought after loan/lease categories to our state-of-the-art lending search engine," said Thomas O. Markel, Chairman and CEO of Credentrust Software, Inc. the company that powers www.ibank.com.
Under the Business Loans category the following loan types have been added: Asset Based Lending Loans; Bridge Loans; Business Credit Card; Hard Money Loans; Term Loans; Unsecured Business Loans; Working Capital Loans. Under Equipment Leasing, new loan types added include: DJ, Stereo and Satellite; Exercise and Fitness; Farm Equipment; Industrial; Musical Equipment; Phone Equipment; Playground/Camping; Sports Equipment. Under the Home Mortgage Loan category, Home Equity Line of Credit has been added.
Utilizing state-of-the-art technology, iBank.com's search engine matches small businesses with lenders that offer the specific loan/lease product sought for. Once the lenders are identified, iBank's proprietary technology allows borrowers to either contact the banks directly or create a professional loan/lease package online and send it directly to qualified lenders.
For a complete list of lenders, please visit http://www.ibank.com/lenders/lender_Network.cfm?pbonav=lenders.
About www.iBank.com
Based in Costa Mesa, Calif., www.ibank.com, America's largest online small business lending engine, has become a commercial lending marketplace for businesses seeking small business loans, equipment leasing, and commercial and home mortgage loans in real time. Formed in 1999, www.ibank.com utilizes advanced search engine technology, a do-it-yourself professional online loan package builder and numerous other online tools for communicating and connecting with more than 250 lenders nationwide. 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.
By Vanessa Besack
Besack & Associates
(949) 295-4130
vbesack@ibank.com
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