11/30/2006 Minority Owned Small Businesses Struggle To Find Financing

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Minority Owned Small Businesses Struggle To Find Financing



/PRZOOM - Newswire/ - Minority owned small business seek resources and financing on the internet..



Costa Mesa, CA, United States, 11/30/2006 – Many minority small businesses are being overlooked by banks, lenders and investors. Minority small business owners looking for resources, help or even a guiding hand are now turning to the World Wide Web for answers and relevant information on how to start or expand their business.

According to the State of African American Business Survey supplied by the Minority Business Development Agency (MBDA), between 1997 and 2002, African American owned businesses have outpaced the national rate of 10%, by growing at an astounding rate of 45%. The 2002 survey states these businesses have a total gross receipt of $88.8 billion, a 25% increase, and an average gross receipt of $74,000. These businesses hire 756,000 employees which is a 5% increase from 1997. Most of the African American Minority Business Enterprises are respectively located in New York, California and Florida.

With such an increasing amount of minority small business owners hitting the pavement trying to find help, funding, guidance and overall information, it behooves financial companies to listen to their small business counterparts. There is a constant need to implement programs geared for the small business owner so that they can successfully start or grow their business. These businesses are the engines that move the economy forward and keep Americans working.

Before a small business owner can get the needed monetary funding or capital to start or grow the business, there are a few important steps to complete. Small businesses must make sure they have the necessary paperwork and information in a comprehensive application presentation. Having the necessary resources available online is an extremely time saving tool which helps small business owners fill out only pertinent forms and presents the information in an easy to read and handy package. Business owners must make sure they have what lenders, banks, brokers or investors are looking for in an applicant. Small business owners must make their new business checklist, gathered from mbda.gov, which includes the following:

• Decide if your business will be a sole proprietorship, partnership or corporation
• Contact the Secretary of State if you decide to incorporate and get a Federal Employer Identification Number (EIN)
• Contact the States Employment Development Department for important unemployment materials and the Workers Compensation Department
• Check with the local and state offices for license regulations
• Get all necessary information and paperwork from the IRS

The business owner must prepare a written business plan and financial statements. This might be overwhelming to many owners, but help can be found at various non-profit and government websites. A few suggestions are the url mbda.gov (Minority Business Development Agency) and the non-profit agency at the url SCORE.org (Senior Core of Retired Engineers).

Another suggestion is using iBank.com. iBank.com’s resource center compiles all the financial, insurance and investment information needed by entrepreneurs to either start a business or sustain a growing business. From equipment leasing loans, to network links, to complex questions such as business bankruptcy alternatives, iBank.com provides small business with the resources they need. It’s a one stop problem solution center.

Nearly 3 in 10 business entrepreneurs start with no working capital, making it even more challenging to survive the first few years of business, according to the US Census Bureau. And as the African American community grows from 13% to 15% by 2050, new small businesses will start or grow, giving the financial market a boost in revenue. Helping the minority small business owner is beneficial for all lending institutions, communities, states and the federal government, because it all boils down to helping the bottom line of the American economy.

About iBank.com
Based in Costa Mesa, Calif., iBank.com, America’s largest online small business lending engine, has become a commercial marketplace 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, iBank.com utilizes advanced search engine technology, a do-it-yourself professional online digital 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.

11/29/2006 Minority owned small business seek resources and financing on the internet.

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Minority owned small business seek resources and financing on the internet.

Minority Owned Small Businesses Struggle To Find Financing

COSTA MESA, CALIF. (Nov. 29, 2006) - www.iBank.com, Many minority small businesses are being overlooked by banks, lenders and investors. Minority small business owners looking for resources, help or even a guiding hand are now turning to the World Wide Web for answers and relevant information on how to start or expand their business.

According to the State of African American Business Survey supplied by the Minority Business Development Agency (MBDA), between 1997 and 2002, African American owned businesses have outpaced the national rate of 10%, by growing at an astounding rate of 45%. The 2002 survey states these businesses have a total gross receipt of $88.8 billion, a 25% increase, and an average gross receipt of $74,000. These businesses hire 756,000 employees which is a 5% increase from 1997. Most of the African American Minority Business Enterprises are respectively located in New York, California and Florida.

With such an increasing amount of minority small business owners hitting the pavement trying to find help, funding, guidance and overall information, it behooves financial companies to listen to their small business counterparts. There is a constant need to implement programs geared for the small business owner so that they can successfully start or grow their business. These businesses are the engines that move the economy forward and keep Americans working.

Before a small business owner can get the needed monetary funding or capital to start or grow the business, there are a few important steps to complete. Small businesses must make sure they have the necessary paperwork and information in a comprehensive application presentation. Having the necessary resources available online is an extremely time saving tool which helps small business owners fill out only pertinent forms and presents the information in an easy to read and handy package. Business owners must make sure they have what lenders, banks, brokers or investors are looking for in an applicant. Small business owners must make their new business checklist, gathered from mbda.gov, which includes the following:

* Decide if your business will be a sole proprietorship, partnership or corporation.
* Contact the Secretary of State if you decide to incorporate and get a Federal Employer Identification Number (EIN)
* Contact the States Employment Development Department for important unemployment materials and the Workers Compensation Department.
* Check with the local and state offices for license regulations.
* Get all necessary information and paperwork from the IRS.

The business owner must prepare a written business plan and financial statements. This might be overwhelming to many owners, but help can be found at various non-profit and government websites. A few suggestions are the url mbda.gov (Minority Business Development Agency) and the non-profit agency at the url SCORE.org (Senior Core of Retired Engineers), irs.gov/business/small.

Another suggestion is using iBank.com. iBank.com’s resource center compiles all the financial, insurance and investment information needed by entrepreneurs to either start a business or sustain a growing business. From equipment leasing loans, to network links, to complex questions such as business bankruptcy alternatives, iBank.com provides small business with the resources they need. It’s a one stop problem solution center.

Nearly 3 in 10 business entrepreneurs start with no working capital, making it even more challenging to survive the first few years of business, according to the US Census Bureau. And as the African American community grows from 13% to 15% by 2050, new small businesses will start or grow, giving the financial market a boost in revenue. Helping the minority small business owner is beneficial for all lending institutions, communities, states and the federal government, because it all boils down to helping the bottom line of the American economy.


About iBank.com

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

iBank.com
Kathryn Johnson,
Co-Directors of Communication Technology
(714) 549-4226 ex: 125/127
kjohnson@ibank.com
3151 Airway, Building G-3
Costa Mesa, CA 92626

11/15/2006 Small Business Owners Enthusiasticaly Respond to Online Paperless Applications

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Small Business Owners Enthusiasticaly Respond to Online Paperless Applications



/PRZOOM - Newswire/ - Two months of increased presence on the web, proves that iBank.com’s network of lenders, bankers, brokers, insurance agents and investors are resonating with small business owners.



Costa Mesa, CA, United States, 11/15/2006 – 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% in 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 or investors, 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, 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, store all pertinent information with a secure online vault, 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.

Based in Costa Mesa, Calif., 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, 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.

11/13/2006 Women and Minority Owned Small Businesses See Increased Funding

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Women and Minority Owned Small Businesses See Increased Funding



/PRZOOM - Newswire/ - iBank.com connects the fast growing home based business sector to lenders and investors..



Costa Mesa, CA, United States, 11/13/2006 – Home based businesses are climbing in America, with most businesses being started by people and families that use their own money to fund the new venture, according to the U. S. Census Bureau’s 2002 Survey of Business Owners. With 28% of entrepreneurs starting their business with no capital at all, small business owners need the help from financial institutions such as iBank.com. In October 2006, iBank.com had over 500 registrations from women owned small businesses.

“We care deeply about the small, minority owned business,” said Tom Markel, CEO of Credentrust Software/iBank.com. “Small business owners are the future of America, and using the online financial network at iBank.com, businesses can fill out just one application and have many banks, brokers, insurance agents and investors contact them for assistance.”

Small businesses are vital to policymakers. This avenue to advancement opportunities, especially for ethnic minorities and women, is very important for small businesses. With 49% of the nations businesses being run from the home, the availability of financing, capital, venture and angel investors is critical. Women and minority small business owners have a difficult time finding access to credit, according to the Small Business Research Summary report put out by the SBA Office of Advocacy. As the cards stack up against this particular group of people, companies such as iBank.com can help business owners find all the necessary help and resources available to help make their businesses successful and profitable.

“Just wanted you to know that I did accept an offer from one of the iBank’s network lenders,” said Susan L., owner of the Flower Garden. “I was granted a $6,000.00 working capital loan. Everyone I dealt with at iBank.com was helpful, friendly and they explained things in layman's terms. I was very pleased. Thank you.”

Unlike other major search engines, iBank.com’s commercial lending search engine is about connecting the small business person with real lenders, with real money, in real time. The search engine functions using 4 loan keywords instead of just one, and then display only lenders that offer the loan that’s perfect for the business. Furthermore, the only results displayed are actual lenders, not directories, informational articles or web logs. iBank.com has revolutionized the commercial lending marketplace and has consistently provided small businesses with a simplified, streamlined and seamless ways to do business with lenders online. With iBank.com’s proprietary online secure vault, a business can create, upload and store their entire business file cabinet of information online. The business then chooses the application type within the vault, data from the vault will pre-fill all the necessary information needed to build a professional Digital Investment Package (DIP), then click submit, and hundreds of prequalified investors, bankers, brokers and insurance agents nationwide are notified instantly. The interested parties can then log on to the applicants vault and review the materials. The vault is easy to use, and is self guided which gives the business a step by step guide to build a DIP and eliminates paper, fax, and postage. The business can access their DIP anytime, anywhere from the comfort of their own home or laptop.

Helping the small businesses of today, whether its women or minority owned is very beneficial to the American economic society. Women businesses employ 7.1 million persons and generate $939.5 billion in business revenues according to the Census Bureau. These businesses account for 28.2 percent of all non farm businesses in the U.S. Business owners today are highly educated, 3-in-10 are over 55 and 14 % are veterans.

"I am impressed with the quality of lenders who responded to our proposals,” said Adrienne S. from Maryland. “Every business person should know about the Finance Center.”

About iBank.com
Based in Costa Mesa, Calif., iBank.com, formed in 1999, uses the Finance Center solution to provide an online commercial finance marketplace for business loans, commercial mortgages loans and equipment lease financing and business, venture and angel investors. iBank.com offers the small business a Simple, Streamlined and Smart way to create a professional Digital Loan Package (DLP) on the Web then connects this Digital Loan Package to over 250 lenders. Through a single application the Finance Center stores the: business plan, management overview, financials, pictures and other documents which pre-populate numerous lender loan applications. Each business is issued a secure VAULT to organize, store and access at anytime, anywhere all their business or project information. They can easily invite their own lenders into their secure, private Vault in addition to our 250 lenders nationwide. This process reduces paper, faxing and postage charges, speeds up the process and eliminates the hassles of looking for financing.

11/11/2006 Statistically, Leasing Medical Equipment Can Prove to be a Financially Smart Move

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Statistically, Leasing Medical Equipment Can Prove to be a Financially Smart Move

Medical Professionals Discover Financial Benefits

COSTA MESA, CALIF. (Nov. 11 2006) - www.iBank.com, Thousands of medical professionals have discovered the financially smart way to provide their clinic, hospital and other care facilities with medical equipment by leasing instead of buying. When professionals purchase equipment especially life saving medical equipment, they tend to buy top of the line equipment. But there is a problem in this process, with the rapid advancement in medical technology, no one professional can ever own the most up to date technology.
The medical field requires there to be a rapid turn-over rate when it comes to equipment. Today’s advancements are tomorrow’s grandfather technologies. So how does a company or professional assure they have a fast turn-over rate when it comes to equipment? The answer is clear: equipment leasing. Equipment leasing allows professionals and companies to lease equipment without the subconscious thought that they are now stuck with a certain product. Leasing gives the lessee the flexibility to upgrade, add-on, or trade in old equipment.
According to the U.S. Small Business Administration, eight out of 10 American companies lease all or some of their productivity equipment. Opting to lease medical equipment reduces the cost for equipment maintenance, installation and equipment training, because most leasing companies provide the leasor with both. Some leasing companies also provide programs that allow you to return, buy at a discount, or even upgrade your equipment at the end of your lease. Tax breaks are also available when professionals decide to lease. Leasing allows companies to see dollar for dollar write off on leasing payments which has a higher profitability when compared to owning equipment. When equipment is devalued due to new technology, a loan borrower bears all the risk. Since a lessee has no obligations to own equipment at the end of a lease, all risk of obsolescence is transferred to the leasors.
So that leaves the question: Once you have decided to lease instead of buy, how are you going to attain funding for the lease? Using iBank.com’s Finance Center, companies and professionals can apply and in minutes connect to eager lenders. iBank.com’s advanced filtering system allows medical professionals to apply for different types of leases targeted to fit their needs.

“Medical professionals need to keep their options open when it comes to equipment and leasing is one of their best bets.” said Tom Markel CEO of iBank.com “With the high turn-over rate of technology, iBank.com wants to make sure medical professionals don’t get stuck with obsolete machinery simply because they cannot find funding.”
There is also a high benefit for equipment manufacturers, distributors, vendors and value-added resellers that use iBank.com’s Finance Center. The Finance Center's application process helps stimulate sales by providing equipment financing for their products. In offering their customers a total equipment acquisition solution, vendors are able to differentiate themselves from their competition, increase sales, reduce outstanding receivables, and decrease the sales cycle by eliminating the need for the customer to search for additional financing.
“The timely leads supplied by iBank.com, has led to a big increase in our potential client base in equipment leasing,” said Kreg Pierce of Westland Capital.
Equipment leasing is a clear, smart choice for medical companies and professionals. The leasing industry is a major source of funds for capital investment. In 1998, more than $207 billion worth of equipment was leased nationwide, this trend is increasing. Leasing has gained in popularity due to key factors that differentiate a lease from a loan. Every year a growing number of companies choose to procure new productive equipment through leases rather than loans.



About iBank.com
Based in Costa Mesa, Calif., www.iBank.com, is America’s largest online small business Finance network. The network helps small businesses collect and store all business information inside a secure online VAULT; it helps create a digital loan package, and insurance and investor application packages. Formed in 1999, www.iBank.com utilizes advanced search engine technology, and numerous other online tools for communication and connecting in real time with a nationwide network of loans, insurance and capital sources for a faster, easier, and lower cost experience.

iBank.com
Kathryn Johnson,
Co-Directors of Communication Technology
(714) 549-4226 ex: 125/127
kjohnson@ibank.com
3151 Airway, Building G-3
Costa Mesa, CA 92626

11/10/2006 iBank.com Announces New Communication Technologies Department - Adds Two New Members

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iBank.com Announces New Communication Technologies Department - Adds Two New Members



/PRZOOM - Newswire/ - iBank.com is ecstatic to announce the addition of the Communication Technologies Department (Comm.-Tech Team) to its company..



Costa Mesa, CA United States, 11/10/2006 – iBank.com takes a chance on CSUF graduates as they introduce their Communications Technologies

Department. With this addition, iBank.com’s CEO Tom Markel has hired two ambitious BA graduates to head the department.
Manar Sleiman and Kathryn Johnson both attended California State University Fullerton College of Communication. Kathryn Johnson graduated with a BA in Communication emphasizing in Public Relations this past spring while Manar Sleiman has finished her BA in Communication-advertising and is expected to finish her Liberal Studies degree in the fall of 2006. Both Johnson and Sleiman agreed that finding a “good” and reliable job out of college is a hard task, but most graduates have to go through the same process. Interview after interview of hearing the same expression, “We are looking for someone with 5+ year’s experience” can get pretty tiring. Finally one company gave them a chance, iBank.com. Using their impressive interviewing skills which they attained in college and based on academic merit, they were offered positions as Co-Directors of Comm.-Tech for iBank.com.

“Tom Markel of iBank.com has given us the opportunity to use the knowledge and techniques that we learned in college and apply them in our everyday work experiences,” said Kathryn Johnson. “We are creating the department from scratch, which allows us to be creative and experimental in our public relations journey. It’s very exciting to be on the ground floor of such an exciting business venture.”

iBank.com is a fast-growing online small business lending network that provides small business with all the resources they need to get started and remain financially secure as they grow. iBank.com sells their specialized Business Finance Center to Fortune 500 Companies, CPA firms, online portals, Insurance agents, Brokers, Chambers of Commerce, and other investors who want to help small businesses grow. The Business Finance Center allows investors to connect in real-time to thousands of leads. On the other end of the network, small businesses using the FinanceSuite can upload and store, in a secured vault, all financial data, management bios, business plans, appraisals, tax returns, even credit reports and other documents in order to create, connect and close loans. They also have access to a long list of resources provided by iBank.com’s search engine.

“It’s all very exciting,” said Manar Sleiman. “Working for iBank.com is a job I can be proud of. I wanted to work for a company that tries to make a difference and iBank.com is all about helping the community and its clients,” said Sleiman. “iBank.com supplies small businesses with the resources they need to get loans and other business resources. I grew up in a family where everyone owned a small business, and it was very hard to make start-up businesses work. Now I’m in a position where I am improving the experience of being a small business owner. iBank.com helps them get a step closer to their dreams. There is a big future for small businesses using iBank.com and I’m happy to have the chance to be apart of that.” stated Sleiman.

iBank.com is not new to hiring Cal State Fullerton Alumni; Regina Lukens graduated from CSUF in 1996 with a BS in Kinesiology and joined iBank.com in April of 2006. Lukens heads the Customer Service Department and is thrilled about the addition of the Comm.-Tech Team to the Company.

“I and iBank.com have complete confidence in our new Comm.-Tech Team,” stated Tom Markel. “They are fresh, bright, and may not have 5+ years field experience, but they sold me on their skills. When you go into an interview, you are there to market yourself, and both Manar and Kathryn did a good job of that. iBank.com is far from finished in adding people to our growing company. We enjoy hiring fresh ambitious entrepreneurs and with iBank.com’s upcoming launch in China, we look forward to expanding our entire company over next few months.”

11/10/2006 iBank.com connects the fast growing home based business sector to lenders and investors.

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iBank.com connects the fast growing home based business sector to lenders and investors.

WOMEN AND MINORITY OWNED SMALL BUSINESSES SEE INCREASED FUNDING

COSTA MESA, CALIF. (Nov. 10 2006) - www.iBank.com, Home based businesses are climbing in America, with most businesses being started by people and families that use their own money to fund the new venture, according to the U. S. Census Bureau’s 2002 Survey of Business Owners. With 28% of entrepreneurs starting their business with no capital at all, small business owners need the help from financial institutions such as iBank.com. In October 2006, iBank.com had over 500 registrations from women owned small businesses.
“We care deeply about the small, minority owned business,” said Tom Markel, CEO of Credentrust Software/iBank.com. “Small business owners are the future of America, and using the online financial network at iBank.com, businesses can fill out just one application and have many banks, brokers, insurance agents and investors contact them for assistance.”
Small businesses are vital to policymakers. This avenue to advancement opportunities, especially for ethnic minorities and women, is very important for small businesses. With 49% of the nations businesses being run from the home, the availability of financing, capital, venture and angel investors is critical. Women and minority small business owners have a difficult time finding access to credit, according to the Small Business Research Summary report put out by the SBA Office of Advocacy. As the cards stack up against this particular group of people, companies such as iBank.com can help business owners find all the necessary help and resources available to help make their businesses successful and profitable.
“Just wanted you to know that I did accept an offer from one of the iBank’s network lenders,” said Susan L., owner of the Flower Garden. “I was granted a
$6,000.00 working capital loan. Everyone I dealt with at iBank.com was helpful, friendly and they explained things in layman's terms. I was very pleased. Thank you.”

Unlike other major search engines, iBank.com’s commercial lending search engine is about connecting the small business person with real lenders, with real money, in real time. The search engine functions using 4 loan keywords instead of just one, and then display only lenders that offer the loan that’s perfect for the business. Furthermore, the only results displayed are actual lenders, not directories, informational articles or web logs. iBank.com has revolutionized the commercial lending marketplace and has consistently provided small businesses with a simplified, streamlined and seamless ways to do business with lenders online. With iBank.com’s proprietary online secure vault, a business can create, upload and store their entire business file cabinet of information online. The business then chooses the application type within the vault, data from the vault will pre-fill all the necessary information needed to build a professional Digital Investment Package (DIP), then click submit, and hundreds of prequalified investors, bankers, brokers and insurance agents nationwide are notified instantly. The interested parties can then log on to the applicants vault and review the materials. The vault is easy to use, and is self guided which gives the business a step by step guide to build a DIP and eliminates paper, fax, and postage. The business can access their DIP anytime, anywhere from the comfort of their own home or laptop.
Helping the small businesses of today, whether its women or minority owned is very beneficial to the American economic society. Women businesses employ 7.1 million persons and generate $939.5 billion in business revenues according to the Census Bureau. These businesses account for 28.2 percent of all non farm businesses in the U.S. Business owners today are highly educated, 3-in-10 are over 55 and 14 % are veterans.
"I am impressed with the quality of lenders who responded to our proposals,” said Adrienne S. from Maryland. “Every business person should know about the Finance Center.”

About iBank.com

Based in Costa Mesa, Calif., www.iBank.com, is America’s largest online small business Finance network. The network helps small businesses collect and store all business information inside a secure online VAULT; it helps create a digital loan package, and insurance and investor application packages. Formed in 1999, www.iBank.com utilizes advanced search engine technology, and numerous other online tools for communication and connecting in real time with a nationwide network of loans, insurance and capital sources for a faster, easier, and lower cost experience.

iBank.com
Kathryn Johnson,
Co-Directors of Communication Technology
(714) 549-4226 ex: 125/127
kjohnson@ibank.com
3151 Airway, Building G-3
Costa Mesa, CA 92626

2006.11.9 Well Fargo Small Business Lending Group Announce Alliance with iBank.com To Fund LOC Under $100K

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Well Fargo Small Business Lending Group Announce Alliance with iBank.com To Fund LOC Under $100K
Now when qualified small business owners use iBank.com they are instantly connected with Well Fargo one of America’s largest small business lenders.
iBank.com has recently added Wells Fargo to its nationwide small business lending network. Now when small businesses enter their information at iBank.com and match the five criteria required by Wells Fargo they are automatically linked to Wells Fargo for a fast decision. Then they can apply directly to their database. (Insert Wells Fargo quote here)This feature allows the user to have a faster connection and eliminate paperwork. There is an advantage to the user who is not going the traditional route of applying in person or going to Wells Fargo’s site individually. The seamless integration of iBank.com’s search engine and Wells Fargo's web technology, lets the small business owners focus on their business instead of looking for qualified lenders to do their deal.
“Traditional lending sources only yield an average of 1 in every 200 applications processed, but going through iBank.com’s filtering system provides Wells Fargo along with other funding sources with targeted small businesses which match their criteria.” said Tom Markel, CEO and Chairmen of iBank.com “This increases the probability of getting funded for business drastically; making it more likely that 1 of 7 applicants will be funded.”
In addition to increasing the probability for businesses to receive funding, iBank.com FinancialSuite enables businesses to log in from anywhere in the world and maintain all their information in respects to their business. Businesses can upload and store all their documents including financial data, management bios, business plans, appraisals, tax returns and all other materials necessary to pre-populate loan, insurance and investor applications and seamlessly deliver these materials online in a professional organized manner to brokers, lenders, insurers, and investors nationwide.
About iBank.com

iBank.com is a small business lending network founded in 1997 by Tom Markel.
Markel launched the site in 1999 in order to enable companies of all sizes to store and organize their business data into a secure electronic "vault" accessible world-wide for the purpose of arranging financing to help them grow their business and reduce their costs. This technological advancement allows companies to become paperless and increase efficiency in receiving the funding they require. Businesses can seek numerous type of lenders, from venture capitalist, angel investors even to equipment leasing, iBank.com connect all lenders and businesses in real time.

About Wells Fargo:
(insert Wells Fargo Bio)

11/8/2006 Seaside Capital Partners Anticipates Uplift in Business

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Seaside Capital Partners Anticipates Uplift in Business



/PRZOOM - Newswire/ - Seaside Capital Partners has joined with iBank.com to expand its business of commercial real estate and corporate finance. iBank.com seeks to add professional funding sources like Seaside Captial Partners to its nationwide network.



Costa Mesa, CA, United States, 11/08/2006 – iBank.com, America’s largest online small business lending network, with over 77,000 visitors monthly who are seeking $7.2 billion in loans, is excited to announce the partnership between Seaside Capital Partners of Costa Mesa, Calif. and iBank.com. Roberta Moritz, President of Seaside Capital Partners, realizes the phenomenal opportunities for growth by becoming a partner within the vast network of iBank.com. Moritz wants qualified prospects that meet her targeted funding needs and can find them by using the lender campaign filtering technology provided by iBank.com.

“I’m extremely excited as a professional commercial mortgage broker, to get directly connected to my target market using iBank.com’s filtering system,” said Moritz. “I have not seen anything like this in our business; the revenue possibilities are endless.”

Seaside Capital Partners has over 20 years experience in the Real Estate financing industry. Moritz has extended experience finding financial solutions for large companies worldwide, all forms of commercial refinancing and worked directly with large commercial developers, finding creative funding solutions for their projects. Seaside Capital Partners domestic and foreign expertise, integrates financing solutions from as little as $1 million to over $100 million. Seaside also finances businesses from start up to large corporate projects. Moritz is a licensed real estate broker and is an active member of Commercial Real Estate Women (C.R.E.W.).

iBank.com will provide Seaside Capital Partners a stream of targeted deal flow that will translate into a win win experience for borrower and broker. With the help of iBank’s sophisticated search engines, Moritz can choose and search for the type of loan she wants. Seaside Capital Partners handle all kinds of commercial refinancing. In addition, with the 16 pre-qualifying info, Moritz will be able to screen the applicants with questions which are important to her.

"Creating positive lender/borrower experiences is the goal of iBank.com,” said Erik Hamilton, Lender Business Development Manager. “As an iBank.com network funding source, Seaside Capital Partners pay only for the transactions which fit her profile and leaves the rest. All of these services are available 24/7.”
iBank.com provides access to over 90 customized commercial loan applications, 30 commercial insurance applications and a private investor network. With just one application the borrower will be connected in real time to America’s best sources for commercial loans and leases, commercial insurance products and capital investors.

ABOUT iBANK.com
Based in Costa Mesa, Calif., iBank.com, America’s largest online small business lending engine has become a commercial lending marketplace for business seeking small business loans, equipment leasing, and commercial mortgage loans in real time. Formed in 1999, iBank.com utilizes advanced search engine technology, a do-it-yourself professional 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.