Wednesday, November 21, 2007

11/21/2007 IBANK CUSTOMER SERVICE MANAGER WELCOMED BACK AFTER RECOVERING FROM A NEAR-FATAL ACCIDENT

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IBANK CUSTOMER SERVICE MANAGER WELCOMED BACK AFTER RECOVERING FROM A NEAR-FATAL ACCIDENT

iBank Holds Employee’s Position Open After Year-Long Rehabilitation

COSTA MESA, CALIF. (Nov. 21, 2007) – iBank (www.iBank.com ) welcomes Regina Lukens, Customer Service Manager, back to work after a near-fatal accident by a drunk driver last year. After a two-month coma and a year-long rehabilitation, she returns to her position part time. She will eventually return to her full time responsibilities supporting iBank’s partners, lenders and borrowers.

Ms. Luken’s return to work last Thursday brought cheers and tears to her co-workers at iBank. “How many companies would keep a job open after a year? I feel so fortunate to be part of iBank – we really are a family here,” said Ms. Lukens.

At the time of the accident, Tom Markel, founder and CEO of iBank, assured Ms. Luken and her family that her job would remain open until her return. “This Thanksgiving we are so grateful to have Regina back and on the road to a full recovery. We welcome her back to the iBank family and look forward to her contribution to iBank’s continued growth next year,” said Tom Markel. Markel’s radio interview follows his appearance last week at USC’s Marshall School of Business, where he spoke to a packed audience about his experiences as an entrepreneur.

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 also 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.

Contact: Thomas Markel
CEO
(877) 999-6465 ex: 140
tmarkel@ibank.com
3151 Airway, Building G-3
Costa Mesa, CA 92626

Tuesday, October 30, 2007

10/30/2007 MARKEL TALKS ON RADIO TALK SHOW

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MARKEL TALKS ON RADIO TALK SHOW

Tom Markel, CEO and founder of iBank.com, was a guest on Jim Blasingame’s national radio show Tuesday morning (Oct. 30, 2007) and answered questions from Blasingame about small business and trying to get a loan.

Blasingame is the creator and award-winning host of the Small Business Advocate Show, the world's only weekday talk show dedicated to small business. Blasingame, who’s been on the air for almost 10 years, conducts more than 1,000 live interviews annually with his “Brain Trust,” the world's largest community of small business experts. The radio show is carried over 40 radio affiliates and on the internet.

“I make it a point to only have guests on that are relevant and can help our audience,” Blasingame said. “Tom’s experience and knowledge fits in that category.”

Blasingame is also a syndicated columnist and the author of “Small Business is Like a Bunch of Bananas,” which has sold over 30,000 copies, and “Three Minutes to Success.” In addition to being recognized by the Small Business Association as the 2002 Small Business Journalist of the Year, Blasingame was also named by Fortune Magazine as one of the 30 most influential people in America representing small business interest.

Markel’s radio interview follows his appearance last week at USC’s Marshall School of Business, where he spoke to a packed audience about his experiences as an entrepreneur.

If you would like to hear the broadcast, please click here: http://www.smallbusinessadvocate.com/cgi-bin/showschedule.cgi

Tuesday, October 23, 2007

10/23/2007 iBANK CEO SPEAKS AT USC’s GRADUATE SCHOOL OF BUSINESS

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iBANK CEO SPEAKS AT USC’s GRADUATE SCHOOL OF BUSINESS

Chasing the FAD: Monetizing the Business

COSTA MESA, CALIF. (October. 23 2007) - www.iBank.com, Tom Markel, CEO and founder of iBank.com and its parent company Credentrust Software Inc., spoke about his experiences as an entrepreneur Tuesday, at USC’s Marshall School of Business. Addressing a packed audience of USC graduate students, Markel’s speech was on, “Chasing the FAD: Monetizing the Business.”

“It’s exciting to talk to young people about starting a company,” Markel said. “I was very honored that USC asked me to speak. And I feel obligated to help our future entrepreneurs. The small business is the backbone of our economy and a driving spirit of the American Dream. If I can help any of them with my experiences, I’ll be a happy man.”

Markel, who has more than 25 years experience in the finance industry, was invited to speak at a class of the Entrepreneur program. Each week Assistant Professor of Clinical Entrepreneurship Steven Mednick invites CEOs and founders of successful businesses to share their past experiences with the school’s graduate students. The weekly event is designed to promote a dialogue between students and business owners and CEOs. Speakers answer questions about the challenges, risk and rewards of owning a business. Mednick hopes these weekly programs will generate questions and debate with the students and speakers and will help prepare them in launching and implementing successful entrepreneurial strategies.

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

With its current motto of “Wean, Lean and Green” guiding the company’s marketing strategies, Markel hopes this move will help borrower and lender to adopt an eco-friendly approach to business by weaning off paper, lean out costs, and Green the business model by eliminating faxing, mailing and other wasteful means of loan transactions. While the company is still young, it has caught the attention of some Fortune 500 companies including Sallie Mae Financial Corp. a wholly-owned subsidiary of Sallie Mae Corp. Last week, iBank joined in partnership with SMFC to allow its applicants to process its loan request though the iBank lending network.

Markel has successfully started and managed several businesses, including Impac Mortgage Holdings, Inc., one of the nation’s largest mortgage real estate investment trust (REIT). Under his supervision, the REIT grew to more than $1.7 billion in assets from November 1995 to August 1997. Markel sold his interest to Imperial Credit Industries in 1997. He also founded Virtrue Capital Corporation, a private investment firm. Markel is also involved in charitable and non-profit groups including board member of the Orange County Chapter of the Boy Scouts of America; executive committee member of the Orange Coast Legatus and sub-committee chairman for the OC chapter of the Order of Malta. Markel was also the former chairman of the Second Harvest Food Bank in Orange County. Besides his philanthropic and charity work, Markel continues to push for environmentally sound principles in business and in fact, has committed his company to Green principles and helps promote this issue in his business practices.

About USC Marshall School of Business
Based in Los Angeles at the University of Southern California, the school's programs serve nearly 5,000 undergraduate, graduate, professional and executive-education students, who attend classes in facilities at the main Los Angeles campus, as well as satellite facilities in Irvine and San Diego. USC Marshall also operates a Global MBA program in conjunction with Jiao Tung University in Shanghai, China.

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 also 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
Erik Hamilton,
Director of Public Relations
(714) 549-4226 ex: 125/127
ehamilton@ibank.com
3151 Airway, Building G-3
Costa Mesa, CA 92626

Monday, September 24, 2007

9/24/2007 FINANCIAL, INSURANCE AND INVESTMENT NEWS AT YOUR

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FINANCIAL, INSURANCE AND INVESTMENT NEWS AT YOUR
FINGER TIPS

New inventions mean new ways of information and exposure for businesses at news.ibank.com


COSTA MESA, CALIF. (September 24 2007) - www.iBank.com, COSTA MESA, Calif. – Another useful small business service is now being offered at iBank.com; a real time news service in eight financial, insurance and investment categories. Small business owners now have the option of catching up with breaking financial, insurance and investment news without ever leaving the iBank website. This new service will help small business owners stay current on latest market trends while working on their business applications.
“This new services gives business owners the chance to find the exact financial, insurance or investment news they need without wading through pages of unrelated news,” said CEO and Chairman Tom Markel. “We are thrilled to offer our small business owners the opportunity to stay current on business news right here at iBank.com. iBank.com is always looking for ways to improve our service to our small business customers and this new news wire service is a great addition. This service also gives small businesses the chance to put their company news in front of thousands of website visitors looking for financial, insurance or investment information.”
News.ibank.com gives small business owners valuable web exposure and current information, and added company value when using this new service. Companies can link their website directly to the news story which in turn gives the company heightened exposure to their targeted audience. This real time news wire service gives iBank.com customers the chance to stay connected to late breaking news while still servicing their own customers. Submitting company news releases to ibank.com can further the companies’ exposure on the web and within the media RSS feeds. Small business owners using the ibank.com network can now post their press releases on the top three spots for a small fee, to gain the most exposure for their goods and services.
"Wizag is excited to provide the iNews service to iBank,” said Dr. Ping Liang, co-founder of Wizag. “Wizag's unique solution enables iBank to intelligently aggregate, filter, and categorize news that is highly relevant to its customers. It also monetizes the service using sponsored feeds. This is one of the customer-facing CRM solutions provided by Wizag and we look forward to continued work with iBank, to bring user community functions to iBank.com,"
Prices vary for the top spot on the news wire in your particular category, to a lower placement on the page. Business owners can choose from categories such as Business Loans, Equipment Leasing, Commercial Mortgage, Business Insurance, Venture, Private, Angel and Real Estate Capital to place their press or news releases. Each category specializes in specific target markets which is beneficial to the reader and the small business owner. This service gives the small business owner with a small advertising budget, the opportuint8y to reach a much greater audience without spending a great deal of money.

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 also insurance and investor application packages. Using this new technology found at http://news.ibank.com can help companies find the exposure needed to expand their businesses. 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
Tom Markel, CEO
(714) 549-4226 ex: 140
tmarkel@ibank.com
3151 Airway, Building G-3
Costa Mesa, CA 92626

Tuesday, May 22, 2007

5/22/2007 Starting the Tradeshow Circuit at the Harvard Business School Entrepreneurs Conference

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Starting the Tradeshow Circuit at the Harvard Business School Entrepreneurs Conference



/PRZOOM - Newswire/ - iBank.com begins a new phase of communications and marketing with their first tradeshow in Anaheim, California .



Walnut, CA, United States, 05/22/2007 – Last week iBank.com ventured into a new marketplace for small businesses. As a Gold Sponsor for the Harvard Business School Association of Orange County (HBSAOC) Entrepreneurs Conference, iBank had the opportunity to communicate with various small businesses throughout Southern California about their business plans for start up or expansion. Entrepreneurs were given open forums to discuss and hear from experienced professionals about the struggles and benefits of starting your own company.
“It was an incredible experience directly hearing from the small business owner about their dreams and concerns for the future of their companies,” said Tom Markel, CEO and Chairman for ibank.com. “This was a chance to network and discuss with various small business owners what they want from ibank.com. Our company is dedicated to helping the small business owner find funding, insurance and investors; and that’s what we accomplished at the conference.”

The Harvard Business Entrepreneurs Conference has helped small business owners create, finance and manage their business for the past 23 years. Presented by Harvard Business School Alumni, the conference gives future and present entrepreneurs the opportunity to speak with and hear from seasoned business owners about running and expanding their business. Open to all small business owners, the conference gave owners the tools needed to succeed in business. Speakers included Jeanne Jackson formally the CEO of Walmart.com, Jason Feffer formally the VP of Operations at MySpace.com and William Sahlman a professor of Business Administration at Harvard Business School.

This was an important moment for ibank.com because it was the first venture into the competitive world of trade show marketing. iBank.com was a gold sponsor for the 23rd Annual conference which led to real connections with small business owners throughout Southern California. iBank.com is dedicated to helping the small business owner find funding, insurance and capital and this conference gave the company a chance to introduce itself and its services to owners all around the region.

About iBank.com
Based in Costa Mesa, Calif., 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 also insurance and investor application packages. Formed in 1999, 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.

Thursday, May 10, 2007

5/10/2007 Media Alert

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Media Alert

Who


Tom Markel, CEO and Chairman of iBank.com, the Santa Ana District Office of the Small Business Administration and small business district, state and regional entrepreneur winners

What


SBA “Dream Big” Small Business Week Awards Luncheon and Small Business Expo

Where


Ontario Convention Center at 2000 Convention Center Way, Ontario, CA 91764

When


Luncheon on Thursday, May 17, 2007 from 11:30 am- 1:30 pm
Small Business Expo on Thursday May 17th from 8 am – 11:15 am

Why


The SBA will pay tribute to a distinguished group of small business owners that show America’s best entrepreneurial spirit. The SBA recognizes their contributions to the nation’s economy.

Contact


Communications Director:
Kathryn Johnson,
949-265-5767 or kjohnson@ibank.com





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

5/10/2007 Media Alert

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Media Alert

Who


Tom Markel, CEO and Chairman of iBank.com/Credentrust Software, Jeanne Jackson, former CEO of Walmart.com, Jason Feffer, former VP of Operations at MySpace, has joined with the Harvard Business School Association of Orange County

What


Southern California’s 23rd Annual Premier Entrepreneurs Conference sponsored by the Harvard Business School Association of Orange County

Where


This one day event will be held at the Anaheim Marriott, 700 Convention Way, Anaheim, CA 92802

When


Monday, May 14th, 2007. The event starts at 7 am with registration and a continental breakfast and ends at 6:30 pm with a reception.

Why


Mr. Markel, founder of iBank.com and a small business entrepreneur, will discuss on a panel, how future entrepreneurs can gain insight into business opportunities for growth, using time tested techniques and strategies from some of America’s foremost business executives.

Contact


Communications office: Kathryn Johnson, Communications Director
949-265-5767 or kjohnson@ibank.com





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

Saturday, May 5, 2007

5/5/2007 iBANK.COM VENTURES INTO THE RADIO AIR WAVES

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iBANK.COM VENTURES INTO THE RADIO AIR WAVES

iBank.com will work with Google Audio Ads as one of the first Beta Test customers


COSTA MESA, CALIF. (May, 05 2007) - www.iBank.com, Starting today in 20 major market cities around the nation, iBank.com will start using the radio air waves to help small business owners find lenders, investors and insurance agents. As one of the first Beta test customers for Google Audio Ads and Clear Channel Radio, iBank.com will further extend their internet reach into the airways of radio advertising.

“I wanted to be a part of this new form of advertising,” said Tom Markel, CEO and Chairman for iBank.com powered by Credentrust Software. “We are always looking for exciting and innovative forms of advertising and with this new program we get a chance to be on the ground floor of this new model of advertising. Working with the stability of Google and Clear Channel, we hope to see a major return on our investment.”

Google Audio Ads are just in the beginning stages of development but they look forward to years of good quality advertising opportunities. According to Daniel Helmhold from the Google Audio Ad team, this type of radio advertising is just like the ones from the old days. Even though most people think of Google on the internet and internet radio, this form of radio advertising is the typical type you listen to in the car and gym. These new types of radio advertising helps the business owner effectively and quickly move through the confusing and long standing process of buying radio space. This is not considered remnant inventory as some might suggest, but actually prime time space such as morning and afternoon drive time. Google offers inventory at all times so that each individual business can target their specific audience. Google has also created a program to help business owners create the perfect radio ad.

“We’ve started the Google Ad Creation Marketplace, accessible from within your AdWords account, to connect you with professionals who can create affordable ads customized for your radio campaign,” said Helmhold through the outlet, Inside Adwords.

This new radio campaign will start in major cities around the nation. iBank’s target areas include the cities of Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, Orlando/Daytona, Philadelphia, San Francisco/Oakland/San Jose and Tampa/St. Petersburg. The target audience includes owners over 25 years old that wish to start or expand their businesses. The radio campaign begins today and will run through the end of May 2007. The radio spots will be on the air from 6 to 10am and 3 to 7pm, Monday through Friday on major radio stations in each city.



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 also 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

Friday, April 27, 2007

4/27/2007 MINORITIES SUCCEEDING IN THE BEAUTIFUL SOUTH

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MINORITIES SUCCEEDING IN THE BEAUTIFUL SOUTH

Minority and women owned small businesses are finding the funding needed through SBA loans and programs

COSTA MESA, CALIF. (April. 27 2007) - www.iBank.com, Lounging on the beach in Hilton Head is a dream come true to most people, but not to small business owners of South Carolina. Their dreams come true by using SBA loans. South Carolina is known for its beaches, tree house camping, the Riverbanks Zoo, riding the rollercoaster’s at Paramount Carowinds or just exploring the many different cultures; but to small business owners throughout the state, dreams come in the form of beauty shops, day spa’s, flower shops, auto shops and insurance agencies. These dreams were made possible through the governments SBA loans for minority owners in South Carolina.
Dreams come in all shapes and sizes which is fine with the good people associated with SBA funding. There are many certified/preferred lenders in South Carolina, such as First National Business Capital and the Appalachian Development Corporation CDC, both located in Greenville, along with Business Carolina, Inc., the Business Development Corporation of South Carolina and Regions Bank all located in Columbia, South Carolina. All of these institutions, along with many others are listed with the Small Business Administration District Office in Columbia.
“In conjunction with participating SBA lenders, we hold workshops throughout the state to promote small loans to new and existing businesses,” said Elliott Cooper, District Director for the South Carolina SBA office in Columbia. “The workshop format has increased our overall lending to minorities and women. Workshop participants not only learn about the SBA loan programs, but they can even apply for the loan at the workshop.”
The SBA office is dedicated to helping minority and women owned small businesses succeed in today’s competitive marketplace. The owner receives the funds needed to begin or grow their business into successful income generating ventures. The SBA guarantees these specific loans made by South Carolina lenders which in turn helps small business owners that don’t qualify for the typical bank loans. The SBA offers five loan programs that are specific to individual needs of the small business owner. One program is the 7(a) loan guaranty which is best for basic general business purposes; the 504 program which fills the gap in long term financing for such purchases as real estate and heavy equipment; the Micro loan program for small loans up to $35,000; the Small Business Investment company to help businesses find venture capital and the International Trade program to help small businesses enter and survive the international market.
Small businesses throughout South Carolina struggle to compete with larger organizations and corporations, especially minority and women owned businesses. To help support these owners facing special competitive opportunity gaps, the SBA in 2006 helped fund 66,300 loans through its 7(a) program and 6,812 loans through the 504 program, according to the Small Business Association website, www.sba.gov.
The local SBA office, located in Columbia, supports local business owners by offering various services and programs. The office has training seminars, educational sessions, start up help, local resources and financing. Each state office is dedicated to helping small businesses succeed in their state, which will in turn provide revenue for the small business and the state. Realizing that is the fastest growing segment of small business, the SBA is especially focused on helping minority and women owned business owners. Cooper says there are 37,501 minority owned businesses in the state as of 2006. Of these, 398 businesses have been funded through SBA loans, with Bank of America and Innovative Bank 99 funding the most loans. Cooper also estimates that most of these minority businesses are in the Coastal Area’s because of the tourism industries. Offering various programs and seminars to owners help them stay competitive.
“In this way, we bring the lenders to the people, and the participating lenders bring a simplified application process,” says Cooper. “These lenders then often follow up with each small business that receives a loan by providing free technical assistance.”
Another agency that helps minority owned small businesses is the Minority Business Development Agency, MBDA. Their mission is to enhance the growth and expansion of minority business entrepreneurs nationally. According to the U.S. Census Bureaus 2002 Survey of Business Owners, nationwide from 1997 through 2002, minority owned firms outpaced the national rate by 25%. The gross receipts for minority firms grew by 13% which surpasses the growth rate for all classifiable firms. Fourteen percent of all minority owned firms are in Health Care and Social Assistance which is the largest single industry sector for minority firms. With this substantial growth comes the responsibility to fund and invest in the entrepreneurs of tomorrow. With this in mind, the MBDA serves entrepreneurs in various ways with many different programs.
“The vision of MBDA is to serve as an entrepreneurial organization serving entrepreneurs,” said Ronald Langston, National Director Minority Business Development Agency, at the NEXT Regional Conference in April 2007. “At MBDA, we are committed to a long-term policy of strategic growth among the Nation’s minority business entrepreneurs which we hope will result in entrepreneurial parity. In order to achieve this long-term policy strategy we believe minority business enterprise should be a national priority.”


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 also 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

Thursday, April 12, 2007

2007.4.12 Looking for a Small Business Loan Look Outside Your Comfort Zone

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Kathryn Johnson
Director of Communications Technology
3151 Airway Ave, Building G-3
Costa Mesa, CA 92626
(949) 265-5767
kjohnson@credentrust.com

April 12, 2007
FOR IMMEDIATE RELEASE:
Looking for a Small Business Loan? Look Outside Your Comfort Zone
Small business owners looking for loans must look beyond the large well known sources and contact local establishments

COSTA MESA, Calif. – Are you looking to start a new business? Expand an existing one? Finding the perfect lending source can seem daunting, frustrating and especially exhausting. Whether you have A+ credit or something a little less, finding a funding source that is willing to listen to your story and act accordingly is becoming more and more difficult in today’s harried world of financial competition.
In the past most small business owners would turn to the logical choice for funding, a large bank. But according to a recent report from the California Reinvestment Coalition (CRC), which stated that not one of California’s 15 major business banks did a good job of lending to small businesses, especially those that are minority owned and located in lower income areas. These businesses are the ones most desperate to access capital so they can provide critical services and employment in low income neighborhoods.
“This study highlights the institutional barriers that small and minority-owned businesses continue to face when trying to expand their businesses,” said CRC Executive Director Alan Fisher as reported in company press release. According to the statistics from the study, “Since small businesses are the key to opportunity and hope in lower income communities, these barriers cut the heart out of the American ideal of equal opportunity.” Fisher went on to say, “This is a situation that must be remedied by major financial institutions, investigated by the U.S. Congress and scrutinized by the federal regulators who are responsible for overseeing these lenders.”
Throughout the United States, small business owners, especially the very small and minority-owned, face difficult challenges when dealing with large financial institutions. Most large banks want owners with perfect credit, established business credit and years in business. Small business lending is a niche market that is not being serviced by large banking institutions. Businesses in low income areas that employ local residents must receive help from all lending institutions, not just the small lenders.
With the passing of recent legislation, one government agency, the Small Business Association (SBA) has stepped up to the plate to help the little guys. This new legislation enhances the already successful SBA 7(a) and the 504 loan programs already in place. According to the FDIC Statistics on Banking report in 2006, the SBA 7(a) and 504 loan programs provide almost 40% of all the long-term small business lending. These programs promote low documentation with an 85% guarantee rate for loans up to $250,000. The loans can be made with a guaranteed 36 hour turnaround and supports greater regional SBA office resources, which helps community banks focus more attention on the needs of local families and businesses. With this new program it will expand the number of lenders nationwide that will offer SBA products. This will help the community bankers around the country to better service their small business customers
“The Independent Community Bankers of America (ICBA) supports this small business friendly legislation,” said James P. Ghiglieri, Jr., ICBA chairman and president of Alpha Community Bank in Toluca, Illinois, as reported in their newsletter. “This bill will greatly improve the ability of small businesses to access needed capital through community banks using the SBA loan programs.”
Community banks are a viable alternative for small business owners looking for funding sources. Community banks are the backbone as lending sources to small business owners. They provide needed attention to local families and channel most of the loans to local residents and neighborhoods. To keep these banks growing, officers are available to customers daily because they are involved with the community and most importantly they know their customers personally and are willing to consider family history and character when deciding to make a loan. Decisions are made at the local branches and not at corporate headquarters as with large banks. Large banks handle corporate America and community banks represent their small business communities.
“The main difference is that community banks have a “commitment” to fund SBA loans to small businesses as opposed to larger banks which simply “offer” the product,” said Bill Sorotsky Vice President / BDO of Inland Community Bank. “My bank is a PLP lender, a designation given to banks that are committed to the SBA program. As a business bank (as compared to a retail bank) we are dedicated to making commercial loans and developing a business relationship on an appointment basis.”
Small business owners can count on their local community banks, as proven with their increased growth in 2005. According to the Small Business Administration, during 2005 more new community banks opened for business since 1999. There are nearly 9000 community banks throughout the United States which constitute 95% of all banks. They are considered a critical source of small business lending which is important because small businesses are a very important part of the US economy, accounting for over 50% of non-farm private Gross Domestic Product.
Everyone should support the growth of small businesses. America has 25 million small businesses and employs more than 50% of the private work force. Small businesses are the principal source of new jobs in the U.S. Small business development is the future of the American economy and lenders should be in the forefront of the fight for small business expansion and stability.
“Community banks represent what’s great with America,” said Tom Markel, CEO and Chairman of Credentrust Software which powers iBank.com. “Institutions that take care of small businesses in their own communities are important to us at iBank.com. We represent many community banks on our small business network of lenders. We are dedicated to helping the small business owner find funding and any other resources they may need to succeed.”
###
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 also 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.

Monday, April 2, 2007

4/2/2007 IS YOUR FAVORITE COMPANY ON THE GREEN LIST?

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IS YOUR FAVORITE COMPANY ON THE GREEN LIST?

Going green in today's competitive but ecology minded corporate world leads to a light environmental footstep


COSTA MESA, CALIF. (April. 02 2007) - www.iBank.com, What does Chiquita, Kraft, Nike and HSBC have in common? These companies are becoming greener and more environmentally conscience companies of the twenty first century. Gone are the days of corporate executive’s flaunting their profits and practices in front of polluting plants, now the world watches as executives at major companies are at the forefront of the fight against pollution, unsafe water practices and preserving the rainforests for future generations.
Major corporations today are hiring more employee’s that believe in the rainforest, safe drinking water, clean oceans and lower emissions for automobiles. Today it’s not enough to talk about being ecology minded, corporations actions must speak for themselves. Companies must talk the talk and walk the walk for ecology. Big or small, businesses are turning to the environment as a cause worth fighting, for all future generations.
Small or large, companies are making a statement about the global environment and what it will take to preserve this world for future generations. Anthony Cochran and Jesse Johnson from Q Collection in Manhattan followed their heart and their passions by creating a furniture, fabric and accessories company that is better for the consumer, the home and the environment. Their goal is the elimination of toxic chemicals, carcinogens and the leading components of poor indoor air quality. After much research they have come up with ways to create high-end quality merchandise that is environmentally friendly. They believe in promoting sustainable products which allows the following benefits; a reduction of acid rain, improved indoor and outdoor air quality, waste reduction, conservation of energy and increased social equity. Using these as long term goals their first concern is with the health impacts of indoor air quality. With the World Health Organization (WHO) declaring formaldehyde as cancer causing, the Q Collection has eliminated polyurethane and formaldehyde from their furniture to prevent further environmental damage. Cochran and Johnson believe in using only sustainable products such as harvested wood, organic cotton and 100% natural biodegradable materials.
“In summary, Q Collection is simply the most thoughtful designed line of home furnishings on the market,” said Cochran, as stated on the website. “We have successfully addressed the most pressing health and environmental issues in home furnishings and will continue to push further.”
Another small company trying to make a difference is Acorn Studios in Edmonton, Canada. Created by Nicola Harper, the company specializes in using old computer parts for design ware. After five years as a Waste Management Engineer, she followed her passion for recycling and created a company that utilizes her desire to save the earth along with her creativity for normal products. She creates necklaces out of computer wires, cuff links out of computer keys, clocks out of CD’s and circuit boards, keyboard necklaces and magnets, circuit board earrings and keyboard rings and key chains. Besides these unique items, Harper practices ecology and recycling by utilizing seven different recycling bins in the studio. She uses shredded magazines and junk mail for packing materials, and their worm bins make rich compost out of organic waste and confidential papers. Harper also uses natural lighting, low energy light bulbs and operates the craft equipment by hand. All of these measures add up to an owner dedicated to preserving planet Earth for generations to come.
“I’ve always been passionate about recycling and designing products from different reclaimed materials is fun!” says Harper. “We enjoy sharing our knowledge in recycling and composting by getting our hands dirty. We teach kids how to recycle paper and by setting up many home composting units in our community.”
Moving on to the big guys, such as Nike, Chiquita, Kraft foods, and HSBC, these companies are all contributing to global consciousness in various ways. These companies, whether they started early with their global efforts or have recently joined the growing ranks of environmentally conscience corporations, all have specific ideas and programs they use to motivate their employees and consumers into action. Today’s small or large businesses are coming to the aid of Mother Nature while world governments analyze the validity of global warming.
Keeping companies heading in the right direction within a globally conscience environment is the Rainforest Alliance. The Rainforest Alliance works with corporate consumers to source certified products like paper, coffee and building supplies for use in their offices. The Rainforest Alliance works to conserve biodiversity and ensure sustainable livelihoods by transforming land-use practices, business practices and consumer behavior, according to company papers. Based in New York with offices throughout the United States and worldwide, the Alliance sets standards for large and small businesses and corporations for sustainability.
“The Rainforest Alliance has worked with several companies that have made big strides in recent years in making more environmentally and socially responsible choices,” said Gretchen Ruethling, Communications Coordinator. “Three noteworthy examples of such companies are Kraft, Chiquita and Domtar.”
Kraft is helping to expand the global market for sustainability produced coffee, benefiting an ever increasing number of farm communities. Kraft has partnered with the Rainforest Alliance to train coffee farmers and assist them to reach certification standards. Beyond its own program, Kraft is supporting efforts of the coffee industry to adopt industry-wide standards of sustainability. Kraft is one of the world’s leading coffee companies. In 2005, Kraft introduced 100% certified lines of popular brands such as Kenco, Jacques Vabre, Gevalia and Splendid in the United Kingdom, France, Sweden and Italy. Kraft buys more certified coffee than it needs for the packages sporting the Rainforest Alliance seal and blends the extra beans into other well-known brands such as Maxwell House, Jacobs and Carte Noire.
“This is the most extensive commitment to sustainable coffee ever made; Kraft is setting the bar for the rest of the coffee sector and proving that sustainability can be integrated into the way a company does business,” explained Rainforest Alliance Chief of Agriculture, Chris Wille.

Starting in 1992, Chiquita Brand International, a giant in the banana industry, has been reinventing farms, one farm at a time. Guided by the Rainforest Alliance and its partners, Chiquita spent two years researching and communicating with scientist and industry representatives to create nine guiding principals that promote environmental sustainability and social equity on banana farms. Some of the principals include zero tolerance for deforestation, protection of wildlife, conserving water and soil and healthy working conditions which includes the right to unionize at these farms. Chiquita goes even further with the ideas of recycling and reusing by recycling close to 8o percent of the plastic bags and twine used by company farms. The company has also reforested more than 2,500 acres with almost one million trees and bushes used as buffers.
“Everything has changed thanks to the Rainforest Alliance program. We’ve cut agrochemical use,” said Raul Gomez, a farm manager in Costa Rica, who has worked with Chiquita for 15 years. “We’ve planted hundreds of trees along roads and streams. We’re promoting environmental education. And it’s all for the good of humanity, so that we can leave something for our children.”
Through their relationship with the Rainforest Alliance, Goldman Sachs, another environmental conscience company, sourced 100% FSC-certified wood inputs on their new financial tower in New York City. To help corporations make these sorts of sustainable choices, the Rainforest Alliance has introduced the new Sustainable Business Forum, with Goldman as well as Pfizer as founding members. This corporate membership program helps corporations to adopt sustainable business practices, promote their progress to stakeholders and build supply chains for sustainable products. The Rainforest Alliance and its corporate partners try to maximize their common goals of a healthier environment, an end to global warming and an end to clear-cutting the forests.
Nike, while still recovering from a lawsuit involving working conditions in underdeveloped countries, realizes that as a global company they are being judged by a global audience. Nike understands their impact on the world around them and tries to live by their slogan, leave no trace, which by industry standards is a difficult task. Trying to make the environment better for future generations, Nike has installed programs that reach out to local communities and helps reuse and reduce waste from their products. One such program is the Nike Reuse-A-Shoe, which was started in 1993. Nike collects both post-consumer and Nike shoes that are returned due to defects, and separates these shoes into three main sections – upper fabrics, mid-sole foam and outsole rubber – and grinds it up for various purposes. The outsoles and recycled manufacturing material is made into baseball and soccer fields, golf products, weight room flooring and running tracks. The midsoles are used in synthetic basketball courts, tennis courts and playground surfacing. Bouncing back from bad press is difficult for any company, but being a global company like Nike, the tasks are daunting but do able, with environmental programs like those listed above.
“Corporate responsibility challenges us to take a good, hard look at our business model and understand our impact on the world around us,” said Mark Parker and Charlie Denson, Co-Presidents of Nike. As stated in the Strategic Direction page, “For our company as a whole, we’ve set three strategic goals: To effect positive, systemic change in working conditions within the footwear, apparel and equipment industries; to create innovative and sustainable products; and to use sport as a tool for positive social change and campaign to turn sport and physical activity into a fundamental right for every young person.”
The next large corporation trying to make an environmental difference is HSBC. They are currently working with the World Wildlife Fund (WWF) and the Chinese government to help bring life back to the Yangtze River. The Yangtze Programme, created in April 2005, is developing ways to use the river in sustainable ways. Focusing on three key areas of drinking water, flood mitigation and protection of vulnerable areas, this program directly helps the 400 million people living along the water banks and basin. Another company project is tackling one of the biggest global problems, the worlds changing climates. To help diminish global warming, HSBC is the first major bank to go carbon neutral. The three main aspects to achieve this goal is, energy efficiency, green electricity and offsetting the remaining carbon dioxide emissions using allowances or credits.
Finally, another small company that has been paperless since 1999 is iBank.com. This is a small private company that believes the future is online and has since removed all paper applications from their financial network of lenders, agents and investors nationwide. They believe in preserving the environment by completely removing any paperwork that is involved in the loan process. To prove this point their new press kits will be on CD and will include the company logo on biodegradable paper that includes seeds which can be easily planted anywhere.
Going green is hitting the main stream and small and large companies are leading the way to a cleaner healthier Mother Earth. Businesses around the world are realizing that the actions they take today will affect generations for years to come. Companies worldwide must lead the fight for a greener healthier world so that others may find peace and solace within its waters and lands.



About iBank.com
Based in Costa Mesa, Calif., www.iBank.com, is America’s largest online small business Financial network. The network helps small businesses collect and store all business information inside a secure online VAULT; and helps create a digital loan package, along with 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. “Go Green, Go iBank.com”

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

Wednesday, March 28, 2007

3/28/2007 Small business owners looking for loans must look beyond the large well known sources and contact local establishments

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Small business owners looking for loans must look beyond the large well known sources and contact local establishments

LOOKING FOR A SMALL BUSINESS LOAN? LOOK OUTSIDE YOUR COMFORT ZONE

COSTA MESA, CALIF. (Mar. 28 2007) - www.iBank.com, Are you looking to start a new business? Expand an existing one? Finding the perfect lending source can seem daunting, frustrating and especially exhausting. Whether you have A+ credit or something a little less, finding a funding source that is willing to listen to your story and act accordingly is becoming more and more difficult in today’s harried world of financial competition.
In the past most small business owners would turn to the logical choice for funding, a large bank. But according to a recent report from the California Reinvestment Coalition (CRC), which stated that not one of California’s 15 major business banks did a good job of lending to small businesses, especially those that are minority owned and located in lower income areas. These businesses are the ones most desperate to access capital so they can provide critical services and employment in low income neighborhoods.
“This study highlights the institutional barriers that small and minority-owned businesses continue to face when trying to expand their businesses,” said CRC Executive Director Alan Fisher as reported in company press release. According to the statistics from the study, “Since small businesses are the key to opportunity and hope in lower income communities, these barriers cut the heart out of the American ideal of equal opportunity.” Fisher went on to say, “This is a situation that must be remedied by major financial institutions, investigated by the U.S. Congress and scrutinized by the federal regulators who are responsible for overseeing these lenders.”
Throughout the United States, small business owners, especially the very small and minority-owned, face difficult challenges when dealing with large financial institutions. Most large banks want owners with perfect credit, established business credit and years in business. Small business lending is a niche market that is not being serviced by large banking institutions. Businesses in low income areas that employ local residents must receive help from all lending institutions, not just the small lenders.
With the passing of recent legislation, one government agency, the Small Business Association (SBA) has stepped up to the plate to help the little guys. This new legislation enhances the already successful SBA 7(a) and the 504 loan programs already in place. According to the FDIC Statistics on Banking report in 2006, the SBA 7(a) and 504 loan programs provide almost 40% of all the long-term small business lending. These programs promote low documentation with an 85% guarantee rate for loans up to $250,000. The loans can be made with a guaranteed 36 hour turnaround and supports greater regional SBA office resources, which helps community banks focus more attention on the needs of local families and businesses. With this new program it will expand the number of lenders nationwide that will offer SBA products. This will help the community bankers around the country to better service their small business customers
“The Independent Community Bankers of America (ICBA) supports this small business friendly legislation,” said James P. Ghiglieri, Jr., ICBA chairman and president of Alpha Community Bank in Toluca, Illinois, as reported in their newsletter. “This bill will greatly improve the ability of small businesses to access needed capital through community banks using the SBA loan programs.”
Community banks are a viable alternative for small business owners looking for funding sources. Community banks are the backbone as lending sources to small business owners. They provide needed attention to local families and channel most of the loans to local residents and neighborhoods. To keep these banks growing, officers are available to customers daily because they are involved with the community and most importantly they know their customers personally and are willing to consider family history and character when deciding to make a loan. Decisions are made at the local branches and not at corporate headquarters as with large banks. Large banks handle corporate America and community banks represent their small business communities.
“The main difference is that community banks have a “commitment” to fund SBA loans to small businesses as opposed to larger banks which simply “offer” the product,” said Bill Sorotsky Vice President / BDO of Inland Community Bank. “My bank is a PLP lender, a designation given to banks that are committed to the SBA program. As a business bank (as compared to a retail bank) we are dedicated to making commercial loans and developing a business relationship on an appointment basis.”
Small business owners can count on their local community banks, as proven with their increased growth in 2005. According to the Small Business Administration, during 2005 more new community banks opened for business since 1999. There are nearly 9000 community banks throughout the United States which constitute 95% of all banks. They are considered a critical source of small business lending which is important because small businesses are a very important part of the US economy, accounting for over 50% of non-farm private Gross Domestic Product.
Everyone should support the growth of small businesses. America has 25 million small businesses and employs more than 50% of the private work force. Small businesses are the principal source of new jobs in the U.S. Small business development is the future of the American economy and lenders should be in the forefront of the fight for small business expansion and stability.
“Community banks represent what’s great with America,” said Tom Markel, CEO and Chairman of Credentrust Software which powers iBank.com. “Institutions that take care of small businesses in their own communities are important to us at iBank.com. We represent many community banks on our small business network of lenders. We are dedicated to helping the small business owner find funding and any other resources they may need to succeed.”

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

Monday, March 12, 2007

3/12/2007 The New York Capital Area's preferred SBA Lenders are reaching out to small businesses

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The New York Capital Area's preferred SBA Lenders are reaching out to small businesses

FINDING A SBA LENDER IN THE NEW YORK AREA

COSTA MESA, CALIF. (Mar. 12 2007) - www.iBank.com, Making sure that business proposals are in order, detailed and include sufficient funding requests, are the signs of a knowledgeable small business borrower. Doing the research before applying for a loan is one of the most important things for the small business owner. Acquiring the correct loan, the correct amount needed and not underestimating the cost of the loan are the steps leading to the perfect lender and the perfect loan.
“SBA loans and their lenders are a real asset to the small business borrower,” said Tom Markel, CEO and Chairman of Credentrust Software that powers iBank.com. “Running all over town finding the right SBA lender is a thing of the past. With today’s technology and advance software used by ibank.com, small business owners have the capability of filling out just one application, store it in an online secured Vault, and then have the lenders come to them. All in real time, 24/7, anytime anywhere.”
According to the December 2006 issue of the SBA newsletter, Inside the New York District, Bank of America, lender on the iBank.com financial network, won the Pinnacle Award for most loans for the quarter. Bank of America had the most 7(a) loans with 1,218, and closed 99 loans for $2,810,700. Another iBank.com network lender Washington Mutual closed 59 loans for $2,344,000. iBank.com also works with Citibank which closed 50 SBA loans for $2,426,200.


Other commercial lenders in the New York area are Manhattan Borough Development Corp, Community Development Corp. of Long Island, New York Association for New Americans, Renaissance Economic Development Corporation, and the Brooklyn Economic Development Corporation. All but one of the above mentioned financial institutions service the New York area and its surrounding five boroughs.
The SBA administers three separate loan programs and sets the guidelines while its partners make the actual funding decisions to small businesses. These are independent lenders that receive full faith and credit backing from the Federal Government. The local SBA office for the New York district is located at:
26 Federal Plaza, Suite 3100
New York, NY 10278
(212) 264-4354 Phone
(212) 264-4963 Fax
“The convenience of the internet and iBank has provided an easy way for the borrower to submit a SBA proposal. Moreover, this convenience has allowed the lender to gather hundreds of loan request and process them with our prequal questions or, in some cases, full blown applications,” said Erik Hamilton, iBank’s Lender Business Development Manager. “We’re breaking down the boundaries that often time surround the SBA loan process. Our system helps the borrower to take a difficult application and get it into the hands of qualified commercial lenders. And that’s what it’s all about, connecting the right borrower with the correct commercial lender.”



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

Thursday, March 8, 2007

3/8/2007 Customer Service Continues to be Job One with iBank.com

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Customer Service Continues to be Job One with iBank.com



/PRZOOM - Newswire/ - Starting today iBank.com extends its customer service hours which includes nights and weekends.



Costa Mesa, CA, United States, 03/08/2007 – Continuing the dedication of personal contact, iBank.com has extended its customer service hours from 6 pm to 5 am the next morning, including weekend hours between 9am until 10pm. Customer satisfaction and quality service is of the utmost importance to Credentrust Software’s CEO and Chairman Tom Markel. Credentrust Software which powers iBank.com, is dedicated to helping the small business owner find funding, insurance and investors.
“iBank.com wants the customer to feel welcomed and informed when they contact us by phone or email,” said Markel. “Small business owners contact us 24/7 not just during normal business hours, so we’ve decided to add customer service representatives to handle the overflow of phone calls that come in after 5 pm. We want the borrower to have a great experience at iBank.com whether online or on the phone. Personal contact is very important in today’s busy marketplace and we want iBank.com to connect with each and every borrower.”

The new overseas telecommunications service center will make outgoing calls to all borrowers with questions and those looking for information on purchasing the FinanceSuite from iBank.com. The call center will pick up the emailed messages starting at 6 pm and will continue until the following morning at 5 am, Monday through Friday. The messages will also be answered Saturdays and Sundays from 9am until 10pm. The service center will only call back borrowers that send email questions to support.

iBank.com is proud of its customer service department because of the outstanding interpersonal skills shown by its employees. Dealing with iBank.com’s professional service representatives, the borrower will be backed by a group of highly trained professionals with a combined total of 100 years in the industry. If small business owners do their banking in the morning or at 11pm, iBank.com is ready to handle any question, big or small. iBank.com is here to make the small business owner happy and satisfied.

About iBank.com

Based in Costa Mesa, Calif., 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, 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.

3/8/2007 Starting today iBank.com extends its customer service hours which includes nights and weekends

Go to iBank Now
Starting today iBank.com extends its customer service hours which includes nights and weekends

CUSTOMER SERVICE CONTINUES TO BE JOB ONE WITH iBANK.COM

COSTA MESA, CALIF. (Mar. 08 2007) - www.iBank.com, Continuing the dedication of personal contact, iBank.com has extended its customer service hours from 6 pm to 5 am the next morning, including weekend hours between 9am until 10pm. Customer satisfaction and quality service is of the utmost importance to Credentrust Software’s CEO and Chairman Tom Markel. Credentrust Software which powers iBank.com, is dedicated to helping the small business owner find funding, insurance and investors.
“iBank.com wants the customer to feel welcomed and informed when they contact us by phone or email,” said Markel. “Small business owners contact us 24/7 not just during normal business hours, so we’ve decided to add customer service representatives to handle the overflow of phone calls that come in after 5 pm. We want the borrower to have a great experience at iBank.com whether online or on the phone. Personal contact is very important in today’s busy marketplace and we want iBank.com to connect with each and every borrower.”
The new overseas telecommunications service center will make outgoing calls to all borrowers with questions and those looking for information on purchasing the FinanceSuite from iBank.com. The call center will pick up the emailed messages starting at 6 pm and will continue until the following morning at 5 am, Monday through Friday. The messages will also be answered Saturdays and Sundays from 9 am until 10 pm. The service center will only call back borrowers that send email questions to support@credentrust.com
-more-
.
iBank.com is proud of its customer service department because of the outstanding interpersonal skills shown by its employees. Dealing with iBank.com’s professional service representatives, the borrower will be backed by a group of highly trained professionals with a combined total of 100 years in the industry. If small business owners do their banking in the morning or at 11 pm, iBank.com is ready to handle any question, big or small. iBank.com is here to make the small business owner happy and satisfied..



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

Wednesday, March 7, 2007

3/7/2007 Protect your small business against Mother Nature, man made disasters or medical emergencies with the correct commercial insurance

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Protect your small business against Mother Nature, man made disasters or medical emergencies with the correct commercial insurance

IS YOUR BUSINESS COVERED AGAINST THE UNEXPECTED?

COSTA MESA, CALIF. (Mar. 07 2007) - www.iBank.com, Protecting your business against vandalism and theft is what most small business owners expect when buying commercial insurance. What they don’t expect is dealing with a huge tree crushing the roof of their small business office. Is your business protected against the unexpected intruder or tree branch? Small businesses (with less than 20 employees) often disregard the impact a major life event can have on the owner and his or her family. If a business owner is suddenly faced with a $1,000 or a $500,000 obligation from either a medical problem, disability or something else, what happens to his or her attention to work? The following information is what small business owners should know when buying commercial insurance.
One of the most important small business investments is the building which houses the company. Protecting the property should be high on the to do list. Insurance, which means the promise of repayment and the security against future loss, comes in many forms and policy specifics. The different types of insurance include life, liability, health, dental, automobile, business interruption, business life insurance, disability, general liability, property and an employee benefit program. As a small business owner, one of the most important policies is property insurance. If a disaster strikes, man made or Mother Nature, the possibility of being wiped out is tremendous and that’s why most smart business owners carry Business Owner Policies or BOP’s for short. Another commercial product is the Commercial Package Policy or CPP. When buying insurance always deal with an agent that is licensed in the state.
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“We can help employers and individuals with their needs,” says Earl Jacobs, owner, manager of Allied Health & Life, licensed in Florida, Louisiana, Georgia, Mississippi, Texas and Connecticut.” We all need peace of mind and financial security. That’s what my agency sells and we understand the need to keep costs down. I’m a small business owner too.”
BOP’s are package policies created for the small business owners to save costs and to make sure that the business and owner are covered for most catastrophes or interruptions of business. These packages combine property and liability protection. Some small trade contractors can also be BOP eligible. The basic BOP package includes the following forms of insurance:

* Property insurance – which provides coverage for business buildings, equipment and all contents owned by the business. “Named Peril” policies cover specific events (fire, wind damage, vandalism, etc.) that are named in the policy. “All

Risk” as the name suggests covers all events except those specifically listed as exclusions. Property losses are considered “replacement cost” or “actual cash value” basis in terms of repayment.

* Business interruption insurance – helps protect the small business owner in the event of an unexpected interruption of day to day business activities. Catastrophes can ruin a small business so this type of insurance protects the owner and also helps with the extra expenses of running a business from a temporary location.
* Liability protection insurance – covers legal liability if the business or business owner harms another person. This type of insurance also covers the business employee against fault if they injure another person. A widely used form of liability insurance is the Commercial General Liability. This type of coverage covers many liability issues under one contract.

These types of policies don’t usually cover workman’s compensation, health, disability, auto or professional liability insurance. Other types of insurance that a small business owner might consider, depending on the location of the business, is Crime Insurance which protects against robberies and employee theft; Business Life Insurance
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which covers the death of the owner; and Disability Insurance which covers the owner in case of disability. Large employers with more than 20 employees already know the importance of these benefits but the small employer operates on a closer, more personal relationship and is usually so busy; they don’t have the time to devote to these things.
“Too many times businesses try to skate by without the proper insurance,” said Patti Abbott-Bozzo, Manager - Commercial Lines Division at Anthony R Davis Agency Inc.
“What they fail to realize is that they are banking on their businesses to not have a loss. That’s a major gamble you are taking with a business, that you worked hard to build”.
As small business owners plan for the future they must always make sure they have adequate coverage, so as not to be destroyed or devastated by events or disruptions. According to the Virginia Property Insurance Association, they suggest business owners should insure their property for at least 80% of its value. This is called “coinsurance” and this reflects the minimum amount of insurance the company must have before companies will reimburse for partial losses. Always check periodically to make sure you have enough insurance to keep up with inflation and the economy. Shopping around for the
best coverage and the best rate is the smartest way to run a business. Check the background of the agent and the insurance company to make sure they are eligible to sell property and casualty insurance in the state before making any big decisions. Small business owners should carefully read over their policy plan before buying to make sure they understand all specifics and to know if there is any exclusion to their policy. Check with your agent to see if they offer discounts for good risk management practices, such as if your business is installed with security systems, fire alarms, smoke detectors and sprinkler systems. As stated earlier, businesses should always carry adequate coverage for replacement value. To help with this expense try a higher deductible.
Businesses that withstand and recover from disasters are those that are prepared. Having adequate business insurance is a necessity, but planning for future problems is a role that all small business owners must take to survive. Owners must have a very detailed plan which includes employee training in disaster preparedness, setting up the companies’ emergency response plan, keeping duplicate records, modernizing business
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systems, having a fire resistant building, and constantly planning for the worst case scenario. Since large corporations are able to withstand major disasters better than small
businesses, expert insurance agents can help the owner get the exact coverage needed for each individual business. Identifying and preparing for certain risk factors will help a small business survive any disaster.
“Having the proper insurance is just as important as any other part of a solid business plan,” said Pete Gray, Senior Insurance Network Manager at iBank. “As we have unfortunately seen over the past decade, no one is 100% safe from disasters and accidents. But having the right policy, can determine whether or not your business is able to make it through tough times.”
According to the Small Business Administration, there are many organizations available to help businesses recover from disasters. Some examples are the Centers for Disease Control and Prevention at www.cdc.gov; the Consumer Product Safety Commission at www.cpsc.gov; the Federal Emergency Management Agency at www.fema.gov; the Occupational Safety and Health Administration at www.osha.gov and the Small Business Administration at www.sba.gov. Immediate help can be found at the American Red Cross at www.redcross.org and the National Emergency Management Association at www.nemaweb.org.
Finding the perfect insurance agent should not be time consuming or difficult. To find an agent in your local area, business owners can scour the yellow pages or click on www.iBank.com. On the home page click on the Insurance Center, choose the appropriate insurance category, type and location and find agents that can help the business with all their insurance needs. After filling out the search bar and choosing the type of insurance, the owner can click directly to the agent and fill out multiple applications. For a faster more streamlined approach business owners can let iBank.com do all the searching. Using iBank.com’s nationwide network of insurance agents, the small business owner fills out just one application and waits for the agents to contact them for the best rates and policies. iBank.com was created in 1999 to help the small business owner get the funding and other resources needed to start or expand their business. To keep your small business running smoothly let iBank.com find your next insurance agent.

“We have strong relationships with national carriers and real-time rating that enables us to serve iBank customers effectively and efficiently,” said Jeannie M. Hernandez/Direct Sales Manager on behalf of John Pergande CEO, InsureZone Family of Companies. iBank and InsureZone share a common vision - to meet the needs of the customer - bar none.”


Contributors for this article are:

Jeannie M. Hernandez/Direct Sales Manager, on behalf of John Pergande CEO, InsureZone Family of Companies, Jeannie Hernandez, jhernandez@insurezone.com

Patti Abbott-Bozzo, Mgr - Commercial Lines Division, Anthony R Davis Agency Inc
200 E Grove St, Westfield, NJ 07091
Tele #(908)233-8040 (Ext #113)
Fax #(908)233-6414
Email: pat@ardavisagency.com

Earl Jacobs, Allied Health & Life, 9400 4th. St. N. #201 St.Petersburg, FL 33702, 800-535-6327
insuranceonline@msn.com



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

Monday, March 5, 2007

3/5/2007 iBank.com Finally Hits the Television Airways Continuing its Quest for Paperless Advertising

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iBank.com Finally Hits the Television Airways Continuing its Quest for Paperless Advertising



/PRZOOM - Newswire/ - iBank.com will premiere its new television commercial in March, which is targeted to small business owners.



Walnut, CA, United States, 03/05/2007 – iBank.com, America’s largest online small business financial network, begins running a new 30 second commercial with a pro ecology spin that is targeted to small business owners. This new forum into the advertising world continues the premise of iBank.com’s dedication to paperless marketing. The commercial will premiere March 5th in the larger San Diego Metropolitan Area on four cable channels, the History Channel, ESPN, Discovery Channel and CNBC.
“This is a very exciting time for iBank.com,” said CEO and Chairman Tom Markel. “We’ve never advertised on such a large scale before and we hope that small business owners within the San Diego areas watch and respond to our new commercial. Since 1999 iBank.com has helped small business owners find financing, equipment leasing, insurance and more recently, capital. Hopefully business owners in San Diego will see the potential benefits that iBank.com can offer.”

iBank.com prides itself as an ecologically correct company because it is completely paperless. The company handles all transactions and applications online, which saves the environment. iBank.com’s goal of helping to preserve the earth’s resources for future generations starts with paperless advertising.

As stated in the commercial, small business owners can apply online 24/7 and have access to their business information anytime anywhere. The business owner is encouraged to use their assigned secured online Vault. This can hold everything from business proposals, income tax returns, personal information and even important property photos and decreasing the use of natural resources while improving our environment. iBank.com helps the small business owner concentrate on the important things, like running there business efficiently.
“After years of trial and error we have finally found an online company that is doing loan finance processing right,” said Gary H., President of Creative Capital Associates. “iBank has built a robust behind the scenes solution that allows lenders to fully customize their loan criteria. From our perspective it provides an easy to use interface with prospective borrowers and expedites their requests for financing."

About iBank.com
Based in Costa Mesa, Calif., 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, 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.

3/5/2007 The Real Estate Division of the Capital Center is designed for commercial real estate investors to find partner investors for lucrative deal

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The Real Estate Division of the Capital Center is designed for commercial real estate investors to find partner investors for lucrative deals.

iBANK.COM ANNOUNCES ANOTHER FIRST WITHIN THEIR CAPITAL CENTER

COSTA MESA, CALIF. (Mar. 05 2007) - www.iBank.com, iBank.com hits another first with the introduction of the Real Estate Division within the newly installed Capital Center. This new division lets commercial real estate investors and developers find like-minded investors to provide additional financing for current deals. iBank.com has designed the application and filter system specifically to allow investors to locate partners for lucrative deals without having to search listings and directories.
“This new application form will give commercial real estate investors the opportunity to efficiently network with other investors whose investment interests match their own,” said Marcus Brutoco, Senior Business Development Manager-Capital for Credentrust Software. “With the Real Estate Division of our Capital Center we were able to design an online forum that opens new possibilities for real estate investors to operate with increased access to capital sources.”
Real estate developers and investors using iBank.com’s Real Estate Division of the Capital Center will have the chance to be seen by a network of investors whose investment strategies are compatible with the profile of the posted deal. This is an industry specific form that is designed for commercial real estate investors who want to partner up with other real estate investors from around the country. This solves the deal-finder and primary investor’s need for additional financing while simultaneously allowing other investors locate the most lucrative deals around.
-more-

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 that they wish to use; data from the vault will pre-fill all the necessary information and build a professional Digital Real Estate Investment Package (DIP). The vault is easy to use and is self-guided, which gives the business a step by step guide to build a professional DIP which eliminates paper, fax, and postage. The interested investors can then log on to the applicants’ vault and review the materials. The investor will have instant access to complete business plans that have already been selected by our 16-filter system to match the investor’s preferred type of company. iBank’s software facilitates a faster and easier capital finance process, which benefits both the small business owner and investor.



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

Wednesday, February 28, 2007

2/28/2007 Credentrust Software Announces New Senior Business Development Manager

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Credentrust Software Announces New Senior Business Development Manager



/PRZOOM - Newswire/ - Paul Burnham has joined the Credentrust Software team as an experienced district sales manager.



Walnut, CA, United States, 02/28/2007 – Paul Joseph Burnham is the newest addition to the Credentrust Software family. He comes to Credentrust Software from California First Leasing Corporation, a subsidiary of California First National Bancorp. He left California First to become Credentrust’s newest Senior Business Development Manager.

“I came to Credentrust Software because I think iBank.com is a fantastic product,” said Burnham. “Instead of banging my head against the wall trying to find and keep leads, at iBank.com the leads literally come pouring into the website. I wanted to work here because I met Tom Markel, CEO and Chairman of Credentrust Software, at a community event and I trusted him from the beginning, which is a difficult task in a competitive marketplace.”

Burnham graduated from California State University, Los Angeles with a BS in Business Administration. After college he went to work for Dun and Bradstreet Information Services in Los Angeles, California from 1989-1992. There he was the Senior Customer Sales Representative, when in a short four year period he was one of only two people promoted to senior status in the Los Angeles District office. He then went to work for CDB Infotek, a ChoicePoint company in Santa Ana, California as their Headquarters Region Sales Manager from 1992-1997. At CDB Infotek he implemented contact management/sales automation software throughout the company. From 1998-2002 he worked at Donald Sturm’s Firstworld and Qwest both located in Irvine, California. He landed at California First Leasing Corporation in 2002 as an Account Executive until 2006 when he became their District Manager. Burnham built a $70,000,000.00 prospect pipeline within a 90 day period. Burnham joins Credentrust Software to increase the company’s share of the market using his own contacts and driving more businesses to the website, ibank.com.

“We are thrilled to have Paul join the family,” said Markel. “He comes to us with years of sales management experience and will help us reach our goals of increased web exposure to small business owners. Credentrust Software is lucky to have such a dedicated and professional Senior Business Development Manager, such as Paul. We look forward to years of continuity and friendship.”

Credentrust Software is the engine that powers iBank.com which is the largest online financial network for small businesses. Started in 1999, iBank.com helps small businesses collect and store all of their business information in a secure online Vault, where they can access this information 24/7. iBank.com supports small business owners by matching them up with funding sources, investors, leasing and insurance agents. Using advanced search engine technology, iBank.com connects small business owners with a nationwide network of lenders, brokers, banks, agents and investors in real time.

About iBank.com
Based in Costa Mesa, Calif., 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, 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.

2/28/2007 - Inovative 97% LTV Financing on Commercial Real Estate

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Inovative 97% LTV Financing on Commercial Real Estate

Can you imagine a time in which you could obtain a commercial mortgage with practically no money down? Well, that time is now!


One of iBank’s partners, Commercial Direct© is offering borrowers who can document their income and assets up to 97% loan-to-value on owner-occupied properties. Those with investor properties can borrower up to 90% of the property value. While most lenders only offer 75% or 80% loan-to-value, Commercial Direct will help you maximize your cash-on-hand to help grow your business.


Commercial Direct has expertise in small-balance commercial mortgage lending and is exclusively dedicated to meeting the requirements of small business owners and real estate investors who have financing needs ranging from $100,000 to $1.5 million. Commercial Direct will lend on most property types, including multifamily, mixed-use, office, retail, gas stations, self storage and more!


By obtaining your commercial mortgage from Commercial Direct, not only may you qualify for up to 97% loan-to-value, but you can also take advantage of these other unique program benefits:

Up to 30-year fixed rates and terms without balloons
48-hour pre-approvals
Closings in 30-45 days
No ongoing financial reporting requirements

Content provided by Commercial Direct, a division of Bayview Small Business Funding, LLC.

2/28/2007 Banks & Property Owners Help Businesses Find Quality Tenants

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Banks & Property Owners Help Businesses Find Quality Tenants
Credentrust Software processes credit applications seamlessly, online and in real time, to speed the process of filling vacancies and finding new franchisees


Credentrust Software, started in 1997 by Tom Markel, has steadily increased as a leader in tenant screening. Credentrust uses the Customer Application Management System (CAM), which is a workflow collaboration tool that processes customer credit applications, such as new customer account, tenant, franchise and loan applications. This system integrates with credit bureaus for a one button retrieval of credit reports, reduces the cost of processing new customers and makes faster and better decisions with more information for owners.

“Helping the small business owner process tenant applications is the goal of TenantSuite,” said Tom Markel, CEO of Credentrust Software. “Making the tenant screening process as easy and hassle free as possible while trying to phase out paper applications is why we created TenantSuite.”

CB Richard Ellis is the largest commercial real estate services firm in the world with nearly 10,000 employees in more than 250 offices spread across 47 countries. Their property management business currently manages more than 600 million square feet for property owners. CB uses the TenantSuite version of Credentrust CAM to process tenant applications for commercial office space in the 1300+ buildings they manage across the US. They are currently phasing out paper applications completely, mandating that all properties accept only online tenant applications submitted via Credentrust CAM TenantSuite. Credentrust provides a single solution used by all property managers throughout the country, ensuring uniform procedures and costs no matter where the property is located. It also allows executives at CB's headquarters in Los Angeles to monitor tenant application volume and progress across all of their properties without requiring property managers to manually prepare daily (or even weekly) reports.

SYSCO Food Corporation is committed to helping foodservice providers succeed in the foodservice industry, which is why SYSCO uses Credentrust to process its new account applications, extend trade credit and assist in the capital needs of its 415,000 customers worldwide. SYSCO is the largest foodservice distributor to the restaurant and hospitality industries in the country with $25 billion in revenue, more than 415,000 customers, and over 47,000 employees in 146 locations throughout North America. SYSCO uses Credentrust to virtually eliminate paper, faxes, copy costs and postage charges in the processing of their new customer and trade credit applications. Moreover, the online application and features such as integrated credit reports totally eliminate data re-entry, which is costly, time-consuming and mistake-prone.

Credentrust hosts and manages the system for each of these companies so there is no software to buy and maintain. The system can be customized to meet the needs of each individual company, even if those needs change regularly. Credentrust implements the system quickly with a focus on customer satisfaction. Franchisee applications are broad applications that require the prospective franchisee to disclose a significant amount of information about their personal life and business experience. Because franchising is a of dollars, the franchise company must carefully process their application to ensure that the franchisee is a good fit and has the abilities to be a successful long-term partnership and franchisees often invest hundreds of thousands and even millions franchisee. Credentrust CAM FranchiseSuite manages the processing of franchisee applications, including pulling credit reports, verifying references and preparing franchise documents. What was originally a loosely organized, paper-based process is now a paperless, standardized procedure. Credentrust's integrated and customizable workflow and collaboration features ensure each franchisee application is processed correctly and as quickly as possible. Each customer creates their own secure Vault (or admin users can create it for them). Customers can use their Vault to store and organize business information that can be accessed anywhere at any time. It also seamlessly integrates with the Credentrust Finance Center for customers to quickly complete loan applications.

2/28/2007 Hundreds of Untapped Investor Leads Found at iBank.com

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Hundreds of Untapped Investor Leads Found at iBank.com
Capital, venture and angel investors have free reign with small business leads found at iBank.com

Thousands of small business owners have registered at iBank.com’s Capital Center to find venture, angel, and private investors for their company. Since the Capital Center’s inception in early October 2006, registrations have increased 100% per month. Investors have a variety of businesses to choose from which will match their specific guidelines.

“The number of businesses coming to iBank’s Capital Center to find investments is beyond what we ever imagined,” said Peter Gray, Credentrust Software Senior Business Development Manager. “This is a wonderful opportunity for all types of investors to join our network, and connect with investment prospects from all over the world in our real-time web-based system.”

Pooling all the resources of iBank.com’s Capital Center, investors have the opportunity to eliminate wasted time in the funding process by using better prescreening techniques. In today’s marketplace, businesses have to connect quickly with financing, so they can concentrate on growing or improving their business.

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 te 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). The interested investors can then log on to the applicants vault and review the materials.

This process is simple and makes choosing the right small business effortless for the investors.

2/28/2007 Why Not Lease?

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Why Not Lease?
Leasing Medical Equipment Can Prove to be a Financially Smart Move

Thousands of medical professionals have discovered the financially smart way to provide their clinic, hospital and other care facilities with medical equipment. When professionals purchase equipment especially medical equipment that has lives depending on them, they tend to buy top of the line equipment. But there is a problem in this process. The problem is with the rapid advancement in 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? 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 included when professionals decide to lease. Leasing allows companies to see dollar for dollar write off on leasing payments which has a higher profitability when compare 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 which leasing company to go with, how are you going to attain funding for the lease? Using iBank.com’s Finance Center, companies and professionals can in minutes apply and 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, 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 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.

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.

2/28/2007 Direct Lenders Needed to Fund the Small Businesses of America

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Direct Lenders Needed to Fund the Small Businesses of America
Let iBank.com help you find small business owners looking for loans

iBank.com continues to be the fastest growing Commercial Loan/Lease search engine in North America, and with this it creates a necessity to bring on more direct lenders, to handle the large increase of small business online loan applications. Everyday iBank.com generates more and more leads for direct lenders that specialize in the small business loans, leasing and commercial markets.

““In addition to helping small businesses find insurance and investors, iBank.com is also dedicated to helping small business owners find funding sources,” said Erik Hamilton, Senior Business Development Manager-Lenders. “Direct lenders find fully automated, streamlined and standardized process applications on our website.”

Small business owners that need direct lending sources have overwhelmingly turned to iBank.com. The number of small business loans outstanding under $100,000 increased 25 percent between June 2004 and June 2005, according to a report released by the Office of Advocacy of the U.S. Small Business Administration. These small businesses have resorted to using credit cards to survive.

“Access to credit is vital for small business survival,” said Dr. Chad Moutray, Chief Economist for the Office of Advocacy. “That is why we produce our annual lending report, so that trends in small business finance are made clear. One evident trend is the increase in the number of micro business loans outstanding. Coupling that increase with the small increase in the dollar amount outstanding of those loans shows that the small business credit card market continues to be quite dynamic.”

These numbers prove that small business owners need access to funding for various reasons and that’s why iBank.com was created. Small business borrowers have the convenience and protection of using iBank.com’s online secured Vault, where they’re able to retain the data from their application while also having it available to the lender. Lenders see real time deal flow on their desktop or they have the option of getting the iBank reader which will contact them immediately when they have a qualified small business borrower.

“One of the more important features that iBank provides to its lenders is the ability to screen the applications,” said Hamilton. “Whether a lender is looking for A paper or borrowers who have been turned down, who they see is determined by the lender.”

There are many advantages for direct lenders that use iBank.com’s real time lead flow. The first is the online process management system which saves time, money and is extremely convenient. Next lenders can manage client data by collecting, transporting and retaining information, all in one place. Lenders and borrowers have 24/7 access to their online applications which is a 21st century business tool.