1/30/2007 Year over year increase of 300% on the web, proves that iBank.com's network of lenders, bankers, and brokers are resonating with small

Go to iBank Now

Year over year increase of 300% on the web, proves that iBank.com's network of lenders, bankers, and brokers are resonating with small business owners

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

COSTA MESA, CALIF. (Jan. 30 2007) - www.iBank.com, iBank.com has seen a 35% increase of online loan applications month over month during 2006. iBank.com’s increased web presence has proven beneficial for small business owners looking for lenders, investors and insurance agents for their business. The added value of paperless online applications is a big win for all of iBank.com’s partners, lenders, bankers, brokers, agents and investors; but most importantly for the small business owners.
“iBank.com has a great product,” said Joe Arie of Midwest Business Capital located in Ohio. “Being a part of the network really drives opportunities and leads into our box. They are a very professional group of people, especially Erik Hamilton, the Lender Business Development Manager for iBank and Tom Markel, CEO.”
The winning formula for iBank.com is the special search engine dedicated to finding small business owners the funding and financial resources, such as loans, capital and insurance, they need to increase or start their business. Since its inception in 1999, iBank.com has revolutionized the commercial finance marketplace and has provided small business owners with a simplified, streamlined and seamless way to do business online using a fast paperless application. iBank.com has attracted some of the nation’s largest banks as well as community banks, lenders, private investors, brokers, credit unions and insurance agents. This state of the art technology gives the
-more-

small business owner the opportunity to go to the website, fill out a short prequalification form and wait for responses from a large nationwide or local network of lenders. The advantages for the business owner are many, but the biggest advantage is the convenience of applying for a loan or insurance, anytime anywhere, and not having to repeat the process over and over again. Once the application is complete and stored in the borrowers’ online secured vault, iBank.com goes to work finding the appropriate funding source to accommodate the particular needs of the business.
“I am so exited to see iBank.com reaching those numbers,” said Tom Markel, CEO of Credentrust Software, Inc., the company that powers iBank.com. “Those numbers prove that small business owners nationwide are becoming aware of the benefits available at iBank.com. Our job is to connect the small business owner to the appropriate funding source with just one simple application."
In just a few minutes, small businesses can create an application and instantly connect with all qualified lenders, brokers, bankers, insurance agents or investors, depending on their needs. The mission at iBank.com is to be a one stop resource center for all the financial needs of the small business. It is an innovator of online finance solutions for the small business.



About iBank.com
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

1/30/2007 Many minority small businesses are being overlooked by banks, lenders and investors. Minority small business owners

Go to iBank Now

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

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

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

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

• Decide if your business will be a sole proprietorship, partnership or corporation.


• Contact the Secretary of State if you decide to incorporate and get a Federal Employer Identification Number (EIN)


• Contact the States Employment Development Department for important unemployment materials and the Workers Compensation Department.


• Check with the local and state offices for license regulations.


• Get all necessary information and paperwork from the IRS.

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

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

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

1/30/2007 HERITAGE PROPANE CELEBRATES ONE YEAR OF ONLINE PAPERLESS CREDIT APPLICATIONS

Go to iBank Now

HERITAGE PROPANE CELEBRATES ONE YEAR OF ONLINE PAPERLESS CREDIT APPLICATIONS

Credentrust Software and Heritage Propane, America’s 4th largest propane provider, celebrates their one year anniversary of fast online and paperless credit applications.


Credentrust Software, Inc is proud to celebrate the one year anniversary with Heritage Propane, America’s 4th largest propane provider. Credentrust Software’s online CreditSuite approves new customers instantly, thereby replacing the manual 4 to 5 day credit application process. CreditSuite takes an online application, pulls the credit bureaus information, instantly inputs all the data into a dynamically driven rules engine and outputs documents for approval.

“Credentrust Software is thrilled to be partnered with such an extraordinary company such as Heritage Propane,” said CEO of Credentrust Software, Tom Markel. “The one year anniversary with Heritage is a great event; we’ve worked very hard to make our partnership beneficial for both parties and feel that we’ve accomplished our goals.”

Credentrust Software’s CreditSuite has replaced the lengthy and tedious credit application screening process of Heritage Propane, with a standardized, seamless and paperless credit application that now takes 15 minutes compared to 4 or 5 days. Heritage Propane’s CreditSuite has processed 30,000 credit applications as of September 2006 with the peak season still ahead. Because of the large volume of credit applications, Heritage Propane has their own server and dedicated platform.

Credentrust’s Credit Suite provides hosted solutions which enable companies to quickly and efficiently process new customer accounts. CreditSuite gives the business the opportunity to easily verify bank and trade references. Credentrust virtually eliminates 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. At Credentrust, our mission is to enable corporations to sell more products and services to their customers by providing their customers with seamless connectivity to credit and capital. Our success is based on our ability to empower companies to capture, grow and service their customers by enhancing their financial relationships.

"In a world that is fast paced and not always tuned into people to people relationships, its nice to know that there is a company, like Credentrust, that expertly combines the technological age with old fashion customer service,” said Susan W. Tarner,

Corporate Credit Manager, Heritage Operating LP. “Credentrust’s highly trained staff deliver expert web/software knowledge and problem solving solutions with attention to detail, while always keeping in mind the importance of the person to person interaction."

Heritage Operating L.P. distributes propane throughout America with a retail network serving over 700,000 customers nationwide from 320 customer service locations in 34 states. Heritage propane started in 1989 and became a publicly traded limited partnership company in 1996. Heritage Propane is one of the integral operating subsidiaries of Energy Transfer Partners, L.P. and recently acquired Titan Propane. The operations include natural gas treating, transportation and storage options in Texas and Louisiana. Heritage has sold 406 million gallons for the fiscal year ending in August 2005. Heritage Propane’s mission statement is, to be the safest, most customer-focused and successful propane company in America.

1/30/2007 SMALL BUSINESS OWNERS FIND SMALL INSURANCE AGENCIES THROUGH iBANK.COM

Go to iBank Now

SMALL BUSINESS OWNERS FIND SMALL INSURANCE AGENCIES THROUGH iBANK.COM

iBank.com helps both sides of the spectrum, by promoting small insurance agencies to small business owners that need business and personal insurance


Small insurance agencies are finding the help and leads they need to compete with the national chain companies, through the insurance network at iBank.com. Small business owners throughout the country can fill out an application and instantly insurance agents in their local area or state can contact them with offers of business or personal insurance.

“We’ve used quite a few marketing channels since we began business,” said Mike Del Castillo of the Saylor Insurance Agency. “iBank.com is definitely working for Saylor Insurance. We are closing one out of every nine deals. As a smaller agency, working with iBank.com gives us an edge that keeps us competitive in the insurance marketplace.”

Large insurance agencies around the country spend thousands of dollars on advertising, while the small insurance agencies are left without a means of competition. Most one to five man agencies rely on local print or cable advertising, which is limiting to small business insurance agencies that are looking to expand their customer base.

Small business owners can reach insurance agents across the street, across town or across the state using the iBank.com’s network of quality insurance agents and agencies. iBank.com does the major search engine marketing by using SEO key words for the small agency and helps them expand their business at a fraction of the cost. A variety of insurance applications can be found at iBank.com; such as Business and Commercial, Property and Casualty, Health and Medical, and Life and Annuity insurance applications.

iBank.com enables a business to use a secure vault to upload and store all necessary information for a professional insurance package. This includes tax returns, financial statements, management bios, appraisals, credit reports and business plans. This vault will allow the small businesses to pre-populate any one of 30 insurance applications instantly which can then be used by all insurance sources to provide an insurance quote and insurance policy with a single click. Advancing the lead flow for insurance agents and helping the small business owner find the best deals for personal and business insurance is the future of the insurance industry.

“It’s a win/win situation. We provide a simple, cost-effective method for finding insurance, while helping agencies and companies provide quality insurance in their own communities”, said Senior Insurance Network Manager Peter Gray.

Insurance agents or agencies that sign up with ibank.com have the chance to see leads from multiple states, from one state, just from their particular zip code or within a 100 mile radius in real time. iBank.com makes it easy to concentrate on a specific area or region. To get more information about the Insurance Center, contact Pete Gray at 949-265-5764 or at pgray@credentrust.com.

1/30/2007 WOMEN AND MINORITY OWNED SMALL BUSINESSES ARE TOPS WITH iBANK.COM

Go to iBank Now

WOMEN AND MINORITY OWNED SMALL BUSINESSES ARE TOPS WITH iBANK.COM


Finding the funding to help America’s future entrepreneurs is the goal of iBank.com.

Home based businesses are climbing in America, with most businesses being started by people and families that use their own money to fund the new venture, according to the U. S. Census Bureau’s 2002 Survey of Business Owners. With 28% of entrepreneurs starting their business with no capital at all, small business owners need the help of financial institutions such as iBank.com.

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

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

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

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

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

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

1/30/2007 IS AN ANGEL IN YOUR FUTURE?

Go to iBank Now

IS AN ANGEL IN YOUR FUTURE?

Small business owners look for financing in unusual places

Is your business bursting at the seams? Are your customers anxiously waiting for new products to arrive, but not enough workers to accommodate the work load? If this sounds familiar, than you might be one of the many profitable and growing small businesses in the United States during 2006. Looking to expand the business, owners must find financing or funding outside of the usual relatives landscape. The answer could lie with Angel Investors.

Angel Investors range from individuals with spare cash, relatives that believe in your business, or groups of individuals with a common goal of helping the small business community. A common thread among Angel Investors is the need for privacy. Finding Angel Investors used to be difficult, but with the help of organizations such as the Ewing Marion Kauffman Foundation, Angel Investors can be found right around the corner or across town. The foundation assists individuals into forming groups of investors within communities and helps them realize the advantages of working together instead of alone.

According to a report by the Kauffman Foundation, groups of Angel Investors went from 10 to over 200 from 1996 to 2003. This increase shows the need for funding for small businesses throughout the country. Angel Investors use their own money for investments, which are usually, start ups; compared to Venture Capitalist who invest other people’s money and usually invest in late stage companies.

To make sure you get the Angel funding needed there are a few necessary steps to insure your small business gets a piece of the Angel pie. Angel Investors are investing in approximately 12% of the proposals and business plans that are presented to them, according to the Center for Venture Research at the University of New Hampshire. To increase the chances of receiving funding, small business owners must prepare a fool proof business proposal to attract and secure an investor who believes in their future.

Before even contacting an Angel Investor or group, the small business owner should research investors, their targeted market, the competition, and the businesses that are most likely receiving funding. Once the business owner has done his homework, the next step is to write a professional business proposal. Know your audience. Include all company and personnel information that is needed by the investor in the proposal. Things to include in your business proposal, according to the Kauffman Foundation:

1. Detailed slides, about 15, that are a part of a digital presentation about you the owner and your proposed business plan. Keep it to about 15 minutes and include a presentation of entire management team and the product.


2. Write up the proposal using an outline


3. Include research information about competition, demographics, surrounding businesses and any other pertinent information.


4. If the investor wants details, give it to them. If they don’t want to spend time reading through many pages, keep it short.


5. Only give references when asked otherwise don’t include them in your proposal.


6. Let the investor know the approximate price unless asked for specifics.


7. Give the investor a list of employees if possible, or at least the amount of people you plan to hire


8. Present the proposal the way the investor expects, chronologically or functionally.


9. If you don’t know the answers to their questions, state that fact and tell them you will find answers to all their questions.

Preparing a business proposal for an investor might seem overwhelming at first, but there are many sites and organizations that are dedicated to helping the small business owner succeed. As mentioned earlier the Ewing Marion Kauffman Foundation, S.C.O.R.E. (Senior Core of Retired Engineers), N.A.S.E. (National Association of the Self Employed) and many other organizations are waiting to help.

Another suggestion for help would be online companies that are dedicated to helping small business owners find the funding, investments and help they need to start or grow their business. Companies such as iBank.com can help match small business owners with lenders, brokers, banks, insurance agents and all types of investors. iBank.com is not a funding source but a great resource tool that can help small business owners put together a digital online business proposal and application which is then stored in an online secured Vault which can be accessed anytime and anywhere.

Remember the chances of an Angel investor being interested in your idea or company is getting better every year, but you must come prepared and enthusiastic. Angel investors invest in people, so show them you are capable, prepared, and most importantly ready to increase his cash flow. Angel Investors is one of the best ways to finance a start up business and having access to these individuals or groups is the best investment a small business owner can make in his future.

1/30/2007 8 Questions to ask when shopping for a commercial mortgage.

Go to iBank Now

8 Questions to ask when shopping for a commercial mortgage.
Unlike borrowing against your home, financing a commercial property can be a confusing and frustrating experience. There are many borrowing options for commercial real estate buyers and owners. Take the time to understand all of the elements of a lender’s mortgage program instead of simply focusing on interest rate. Becoming well informed can save you time and money during the loan origination process and in the future.

Here are eight important questions every prospective borrower should ask before selecting a commercial mortgage lender:

1. What is the maximum amount I can borrow?
You should first ask yourself: what are my capital needs both now and in the future? Some borrowers prefer to pay a slightly higher interest rate in order to maximize the amount of money they can borrow, as more cash on hand means more capital to invest in your business or additional real estate.

Typically, commercial lenders will loan up to 75 to 80 percent of the property value, requiring the borrower to come up with a 20 to 25 percent down payment. On a $500,000 property, that totals as much as $125,000 down. However, programs exist that allow you to borrow in excess of 80 percent of the property value. If maximizing cash is your primary goal, then paying a higher monthly payment may be a small price for the added capital a higher loan-to-value (LTV) ratio provides.

Additionally, you should also ask your lender if their program allows you to take out a second mortgage, either at closing or in the future. Choosing a lender that allows second liens will add flexibility in meeting your future capital needs, and will allow you to capitalize on your property appreciation without a costly refinance.

2. Is there a balloon payment?
Many commercial mortgages include a balloon payment. While balloons may be a useful option for residential borrowers looking to lower their rate, most commercial mortgages have a balloon payment, generally due in 3 to 10 years. A balloon loan will likely cause you to have to refinance the loan before the balloon date. This could mean spending thousands of dollars in closing costs, and risking a higher-cost loan if interest rates have risen. If you are in the midst of difficult times with your business or have vacancies, you run the risk of not qualifying for a loan renewal with your lender. Programs that do not require balloons may make more sense, depending on your situation.


--------------------------------------------------------------------------------
Copyright © 2006 Credentrust Software, Inc.3151 Airway Ave. Costa Mesa, CA 92626
Telephone: 714-549-4226 x125/127
Publishers: M. Sleiman & K. Johnson
Email: msleiman@ibank.com & kjohnson@ibank.com
3. How soon will I have a solid commitment, and how soon can I close?
If you are shopping for a property and need to be pre-qualified for financing, or if you are looking to close quickly, make sure you get a clear picture of your lender’s timeframe. Unlike residential mortgages, traditional commercial lenders often must review your historical income statements, asset statements and other documentation before giving you the thumbs up on your loan application. It can take weeks before you learn whether the lender wants to take you on as a customer.

4. Will I have to maintain minimum assets or deposits?
If you are looking to a bank for your commercial loan, ask your loan officer if you will be required to hold a minimum level of deposits at the bank in order to qualify for the loan.

5. What are the documentation requirements?
Many lenders require a large amount of documentation, so it’s important to ask upfront about the amount and the types of financial documents that are required. Locating and providing copies of leases, operating statements, tax returns, asset statements and other financial documents can be quite challenging and time consuming.

6. How much financial reporting is required, and what financial covenants must I make?
When obtaining a commercial loan, many borrowers are not fully aware of all the future obligations imposed by the lender, beyond simply making the monthly payment. Some lenders will require you to provide quarterly or semi-annual financial and operating statements on your business or property for as long as you are in your loan. Be certain to ask your lender about reporting requirements and financial covenants. If the risk is not acceptable to you, find another lender.

7. Is the loan assumable?
Unlike residential mortgages, it is standard for commercial mortgages to charge prepayment penalties for early repayment of a loan. If you think there is a chance you may be selling the property in the near future, ask your lender if the loan is assumable by your property buyer. Assumable loans allow a buyer to take over the mortgage terms and loan payments. It is also an excellent selling point that can enhance the marketability of your property when you list it for sale.

8. What are the total costs associated with getting the loan?
A little research upfront about the costs associated with the loan can potentially save you thousands of dollars. Be sure to ask about all costs you will be responsible for, including lender fees and points, property survey, environmental reports, and any legal fees that might be associated with the loan. Some lenders will have less expensive alternatives, or will bear these costs altogether.

When shopping for a commercial mortgage loan, remember that there are vast differences between lender programs. Different loan programs should not simply be compared based on the interest rate. Asking the questions outlined above can save you time and money.

Content provided by Commercial Direct®,

a division of Bayview Financial Small Business Funding L.L.C.

1/30/2007 8 Questions to ask when shopping for a commercial mortgage.

Go to iBank Now

8 Questions to ask when shopping for a commercial mortgage.
Unlike borrowing against your home, financing a commercial property can be a confusing and frustrating experience. There are many borrowing options for commercial real estate buyers and owners. Take the time to understand all of the elements of a lender’s mortgage program instead of simply focusing on interest rate. Becoming well informed can save you time and money during the loan origination process and in the future.

Here are eight important questions every prospective borrower should ask before selecting a commercial mortgage lender:

1. What is the maximum amount I can borrow?
You should first ask yourself: what are my capital needs both now and in the future? Some borrowers prefer to pay a slightly higher interest rate in order to maximize the amount of money they can borrow, as more cash on hand means more capital to invest in your business or additional real estate.

Typically, commercial lenders will loan up to 75 to 80 percent of the property value, requiring the borrower to come up with a 20 to 25 percent down payment. On a $500,000 property, that totals as much as $125,000 down. However, programs exist that allow you to borrow in excess of 80 percent of the property value. If maximizing cash is your primary goal, then paying a higher monthly payment may be a small price for the added capital a higher loan-to-value (LTV) ratio provides.

Additionally, you should also ask your lender if their program allows you to take out a second mortgage, either at closing or in the future. Choosing a lender that allows second liens will add flexibility in meeting your future capital needs, and will allow you to capitalize on your property appreciation without a costly refinance.

2. Is there a balloon payment?
Many commercial mortgages include a balloon payment. While balloons may be a useful option for residential borrowers looking to lower their rate, most commercial mortgages have a balloon payment, generally due in 3 to 10 years. A balloon loan will likely cause you to have to refinance the loan before the balloon date. This could mean spending thousands of dollars in closing costs, and risking a higher-cost loan if interest rates have risen. If you are in the midst of difficult times with your business or have vacancies, you run the risk of not qualifying for a loan renewal with your lender. Programs that do not require balloons may make more sense, depending on your situation.


--------------------------------------------------------------------------------
Copyright © 2006 Credentrust Software, Inc.3151 Airway Ave. Costa Mesa, CA 92626
Telephone: 714-549-4226 x125/127
Publishers: M. Sleiman & K. Johnson
Email: msleiman@ibank.com & kjohnson@ibank.com
3. How soon will I have a solid commitment, and how soon can I close?
If you are shopping for a property and need to be pre-qualified for financing, or if you are looking to close quickly, make sure you get a clear picture of your lender’s timeframe. Unlike residential mortgages, traditional commercial lenders often must review your historical income statements, asset statements and other documentation before giving you the thumbs up on your loan application. It can take weeks before you learn whether the lender wants to take you on as a customer.

4. Will I have to maintain minimum assets or deposits?
If you are looking to a bank for your commercial loan, ask your loan officer if you will be required to hold a minimum level of deposits at the bank in order to qualify for the loan.

5. What are the documentation requirements?
Many lenders require a large amount of documentation, so it’s important to ask upfront about the amount and the types of financial documents that are required. Locating and providing copies of leases, operating statements, tax returns, asset statements and other financial documents can be quite challenging and time consuming.

6. How much financial reporting is required, and what financial covenants must I make?
When obtaining a commercial loan, many borrowers are not fully aware of all the future obligations imposed by the lender, beyond simply making the monthly payment. Some lenders will require you to provide quarterly or semi-annual financial and operating statements on your business or property for as long as you are in your loan. Be certain to ask your lender about reporting requirements and financial covenants. If the risk is not acceptable to you, find another lender.

7. Is the loan assumable?
Unlike residential mortgages, it is standard for commercial mortgages to charge prepayment penalties for early repayment of a loan. If you think there is a chance you may be selling the property in the near future, ask your lender if the loan is assumable by your property buyer. Assumable loans allow a buyer to take over the mortgage terms and loan payments. It is also an excellent selling point that can enhance the marketability of your property when you list it for sale.

8. What are the total costs associated with getting the loan?
A little research upfront about the costs associated with the loan can potentially save you thousands of dollars. Be sure to ask about all costs you will be responsible for, including lender fees and points, property survey, environmental reports, and any legal fees that might be associated with the loan. Some lenders will have less expensive alternatives, or will bear these costs altogether.

When shopping for a commercial mortgage loan, remember that there are vast differences between lender programs. Different loan programs should not simply be compared based on the interest rate. Asking the questions outlined above can save you time and money.

Content provided by Commercial Direct®,

a division of Bayview Financial Small Business Funding L.L.C.

1/30/2007 8 Questions to ask when shopping for a commercial mortgage.

Go to iBank Now

8 Questions to ask when shopping for a commercial mortgage.
Unlike borrowing against your home, financing a commercial property can be a confusing and frustrating experience. There are many borrowing options for commercial real estate buyers and owners. Take the time to understand all of the elements of a lender’s mortgage program instead of simply focusing on interest rate. Becoming well informed can save you time and money during the loan origination process and in the future.

Here are eight important questions every prospective borrower should ask before selecting a commercial mortgage lender:

1. What is the maximum amount I can borrow?
You should first ask yourself: what are my capital needs both now and in the future? Some borrowers prefer to pay a slightly higher interest rate in order to maximize the amount of money they can borrow, as more cash on hand means more capital to invest in your business or additional real estate.

Typically, commercial lenders will loan up to 75 to 80 percent of the property value, requiring the borrower to come up with a 20 to 25 percent down payment. On a $500,000 property, that totals as much as $125,000 down. However, programs exist that allow you to borrow in excess of 80 percent of the property value. If maximizing cash is your primary goal, then paying a higher monthly payment may be a small price for the added capital a higher loan-to-value (LTV) ratio provides.

Additionally, you should also ask your lender if their program allows you to take out a second mortgage, either at closing or in the future. Choosing a lender that allows second liens will add flexibility in meeting your future capital needs, and will allow you to capitalize on your property appreciation without a costly refinance.

2. Is there a balloon payment?
Many commercial mortgages include a balloon payment. While balloons may be a useful option for residential borrowers looking to lower their rate, most commercial mortgages have a balloon payment, generally due in 3 to 10 years. A balloon loan will likely cause you to have to refinance the loan before the balloon date. This could mean spending thousands of dollars in closing costs, and risking a higher-cost loan if interest rates have risen. If you are in the midst of difficult times with your business or have vacancies, you run the risk of not qualifying for a loan renewal with your lender. Programs that do not require balloons may make more sense, depending on your situation.


--------------------------------------------------------------------------------
Copyright © 2006 Credentrust Software, Inc.3151 Airway Ave. Costa Mesa, CA 92626
Telephone: 714-549-4226 x125/127
Publishers: M. Sleiman & K. Johnson
Email: msleiman@ibank.com & kjohnson@ibank.com
3. How soon will I have a solid commitment, and how soon can I close?
If you are shopping for a property and need to be pre-qualified for financing, or if you are looking to close quickly, make sure you get a clear picture of your lender’s timeframe. Unlike residential mortgages, traditional commercial lenders often must review your historical income statements, asset statements and other documentation before giving you the thumbs up on your loan application. It can take weeks before you learn whether the lender wants to take you on as a customer.

4. Will I have to maintain minimum assets or deposits?
If you are looking to a bank for your commercial loan, ask your loan officer if you will be required to hold a minimum level of deposits at the bank in order to qualify for the loan.

5. What are the documentation requirements?
Many lenders require a large amount of documentation, so it’s important to ask upfront about the amount and the types of financial documents that are required. Locating and providing copies of leases, operating statements, tax returns, asset statements and other financial documents can be quite challenging and time consuming.

6. How much financial reporting is required, and what financial covenants must I make?
When obtaining a commercial loan, many borrowers are not fully aware of all the future obligations imposed by the lender, beyond simply making the monthly payment. Some lenders will require you to provide quarterly or semi-annual financial and operating statements on your business or property for as long as you are in your loan. Be certain to ask your lender about reporting requirements and financial covenants. If the risk is not acceptable to you, find another lender.

7. Is the loan assumable?
Unlike residential mortgages, it is standard for commercial mortgages to charge prepayment penalties for early repayment of a loan. If you think there is a chance you may be selling the property in the near future, ask your lender if the loan is assumable by your property buyer. Assumable loans allow a buyer to take over the mortgage terms and loan payments. It is also an excellent selling point that can enhance the marketability of your property when you list it for sale.

8. What are the total costs associated with getting the loan?
A little research upfront about the costs associated with the loan can potentially save you thousands of dollars. Be sure to ask about all costs you will be responsible for, including lender fees and points, property survey, environmental reports, and any legal fees that might be associated with the loan. Some lenders will have less expensive alternatives, or will bear these costs altogether.

When shopping for a commercial mortgage loan, remember that there are vast differences between lender programs. Different loan programs should not simply be compared based on the interest rate. Asking the questions outlined above can save you time and money.

Content provided by Commercial Direct®,

a division of Bayview Financial Small Business Funding L.L.C.

1/30/2007 Generating More Leads

Go to iBank Now

Generating More Leads

No one said the lending business was going to be easy. Oh wait, they did say it was going to be easy. When entering this business, most lenders were recruited by the promise that there are more leads than lenders. The sky is the limit; lenders will always have more leads than they know what to do with business. The first few months your closing deals left and right. But, after those months pass and your done milking your friends and family members for all the business you can get from them, you start a serious search for outside sources that will provide you with leads. You find various companies that are more than willing to provide you with leads, but at what cost? The cost is an arm and a leg. But at this point your getting desperate so you buy the leads which were very expensive and more than half turn out to be bogus leads, or leads that are out of date.

So where does this leave you now? Should you give up or perhaps you should start scouting people by standing outside of the local bank and approach whoever walks in with a large application package and bombard them with your business cards? Or you can always opt to pay $200-$500 dollars for a tutorial to teach you how to generate more leads. Sound pricey? Well, it should, especially since not only are you paying someone to tell you something you already know, but on top of that they are not even offering you any leads. Which is what you need!

Finally one of many late nights your up stressed out about finding your next lead (after all your salary is commission based) and in between dozing off and watching The Late Show you're also surfing the net for ideas. You come across a site, iBank.com, with a couple clicks of your mouse you register and have access to over 800+ leads. “Be still my heart”, you gasp, is this a dream? In that same sitting you buy 5 leads for a few bucks and instantly have all the leads information you need to close a deal, before you know it you have calmed yourself enough to sleep. The next morning you awake with a vague recollection of the previous night and your encounter with iBank.com. So you boot up your computer coffee cup in hand and you check the history of your computer. You click on iBank.com and you see all the leads that are just sitting there waiting for your response. As if finding a utopia for lenders, you will no longer have to worry about where to find your next lead. Who needs to go into the office? Not you, you have all you need on your laptop. Click, purchase, and in minutes you are on the phone with the ideal lead you want. You have their entire application in front of you on your laptop, no paperwork, no hassle; it’s just you and the client now. All you need now is to use your negotiating skills and close those deals.

1/30/2007 Starting the New Year off right, iBank.com applications have doubled and sales have increased 60% over previous year

Go to iBank Now

Starting the New Year off right, iBank.com applications have doubled and sales have increased 60% over previous year

iBank.com's applications have doubled when compared to 2006. With only a few days into the New Year, registrations have increased 100% and seem to be increasing daily.

“This is not shocking,” stated CEO and Chairman of Credentrust Software that powers iBank.com, Tom Markel. “Small business owners are looking to start the year off right and iBank.com can assist them achieve their goals. Whether it’s acquiring equipment through leasing, insurance for the business, loans or capital through Venture Capitalist or Angel investors; iBank.com is here to help.”

Service oriented businesses such as iBank.com experience an increase in business at the beginning of a new year. Small business owners that make New Year’s resolutions to start a business or expand a pre-existing business, turn to iBank.com for help and direction. As a small business resource, iBank.com helps the borrower reach lenders, brokers, insurance agents and investors across the nation with just one click. Borrowers fill out just one online digital application, which is then stored in their personal secured Vault and then hundreds of qualified lenders, agents or investors can access the information and close the deal. Spending a few minutes filling out a single application when compared to the traditional process of running to many banks or brokers, saves the borrower time, money, hassles and heartache. iBank.com eliminates multiple applications and fees, which lets the entrepreneur spend his time working on matters that are more important to his future.

“New technology leads small business owners towards a brighter future,” states Manager of Technical Services, Tim Lee. “Thursday was our biggest registration day since we started iBank.com, which proves that small business owners are looking for

easy and secure ways to handle their financial and investment matters. Our software works and small business owners are realizing how easy it is to get funding.”

TELL US YOUR HEARTWARMING FINANCIAL STORY

Has your life been changed by the loan or experience with iBAnk.com? Were you wondering what you were going to do if you couldn’t find funding for your small business? Let us know about your experiences with iBank.com or any of its partners, lenders, brokers, banks, insurance agents or investors. In our new monthly newsletter there will be a section dedicated to you the borrower and your personal story. If you have a story to tell, please contact us, Kathryn Johnson at kjohnson@credentrust.com or 714-549-4226 x 127 or Manar Sleiman at msleiman@credentrust.com or 714-549-4226 x 125.

Give us a brief description about your experience and any contact information so we can get in touch with you and maybe include you in our newsletter.

1/19/2007 Area business owners look to the experts for capital and resources needed to expand or start their small business

Go to iBank Now

Area business owners look to the experts for capital and resources needed to expand or start their small business

HOUSTON SMALL BUSINESS OWNERS LOOK TO VC'S FOR FUNDING AND GUIDANCE

COSTA MESA, CALIF. (Jan. 19 2007) - www.iBank.com, Small business owners in and around Houston are coming to the conclusion that they need more space, more money, more resources and more guidance to grow and expand their business. Whether they are just starting out, adding more inventory or more employees, owners are looking past their personal and business credit cards, banks, their rich uncle, or even their wealthy neighbor. The city’s small business owners are turning to venture capital firms that are rich in experience and financial backing.
“We regularly work with entrepreneurs as they work to shape their novel ideas into viable businesses,” says Ned Hill, a partner with Houston-based Sternhill Partners. “Obviously, most entrepreneurs are interested in investment capital. But more broadly, we try to help entrepreneurs achieve success by applying our own operating experiences and industry knowledge – collectively thinking about how to best leverage their innovations in the marketplace, understanding the potential potholes along the way to success, and determining how best to mitigate those risks.”
Incorporating Houston’s diverse culture, international dining experiences, the city’s great education centers and the low cost of living expenses, all these aspects lead the small business owner to stay within the city to start a new business or to expand the existing one. Great VC firms such as Summit Capital Group, LLC, Sternhill Partners, Vanguard Ventures, DFJ Mercury and others, are reaching out to the small business community to help them make Houston a thriving place for businesses. Venture Capital activity is focused in five states with Texas coming in third with 6% of the activity,
-more-

according to PricewaterhouseCoopers. With 5.3 million residents and a growth rate that is two times faster than the national rate, Houston is continually growing with job and business opportunities everyday. Houston ranks second in employment growth rate and ranked first in Texas, and third in the U.S. within the category of "Best Places for Business and Careers" by Forbes Magazine. With all these wonderful qualities, no wonder Houston’s VC firms are funding so many businesses.
“Helping the small business owner find capital is a very important job,” said Senior Development Manager Marcus Brutoco of Credentrust Software. “Venture Capital firms are there to assist small business owners write business plans and proposals, help with start up responsibilities, work with the business owner to find and hire the right people and place their own experienced members as the company board members.”
The process of finding a venture capital firm can be a daunting task, but with perseverance and knowledge, small business owners can find the perfect fit. The owners can scour the internet looking for the venture capital firm that will fit their needs, or ask friends and family for assistance to no avail. Doing research for the perfect VC firm is a worthwhile effort so that the owner doesn’t waste his time or the firms’ time with a business proposal that doesn’t match their particular criteria. Each VC firm specializes in particular industries and invests at certain stages of the business development. Examples would be Vanguard Ventures which started in 1981 and specializes in early stage businesses in technology and life sciences. They look for companies with break through and protect able technology. Another firm, Sanders Morris Harris, started in 1987, believes in investing right alongside the client and sharing rights and rewards. Their motto of striving to meet the diverse needs of high net worth individuals, should appeal to owners looking to expand their businesses. Sternhill Partners, voted Most Important VC firm in Houston by “Upside Magazine” in 2001, provides venture financing to seed and early-stage technology start-ups. The firm believes that the entrepreneur comes first and their goal is to build good companies using their own board members as corporate mentors. Overall, according to the Wall Street Journal, July 28, 1999, the technology industry start ups are the most funded. The technology industry attracts 62% of the venture capital investment, healthcare 21% and products and services following with 14%.
Another direction small business owners are taking involves turning to companies on the internet that help owners find funding, resources, insurance agents, equipment leasing and VC and Angel investors. Small business owners have so many things to worry about on a daily basis that any type of timesaving help would be greatly appreciated. These companies offer owners a service where they fill out one digital online investment package, then store it in a secured Vault, and then it can be seen by investors all over the country or right in their own neighborhood. Internet companies seem to be growing and becoming more prevalent in today’s’ fast paced society.
“Small businesses are the backbone of the American economy and especially in cities such as Houston,” said Tom Markel, CEO and Chairman of Credentrust Software that powers iBank.com. “With 5.3 million people in the Houston area, the opportunity for growth and development is phenomenal. VC firms throughout Houston and the nation have the chance to help thousands of small business owners fund their futures. Companies like iBank.com are here to provide help, guidance, resources and capital.”
As a small business owner realizes that they have outgrown their present situation, they look endlessly for help, guidance, basic resources and especially some monetary backing. Looking into venture capital funding, where a business owner receives at least one round of financing from a venture capital firm, is growing in America. In 1998, $21 billion was invested in private companies, and in the first half of 1999, investments grew to $11.4 billion with 1383 companies receiving financing from venture capital firms, according to PricewaterhouseCoopers. But in 2000, the venture capital industry noticed a decline in investments for the first time in two years. A report from Venture Economics and the National Venture Capital Association states the VC companies invested a total of $79.9 billion in 2000 compared to $33.7 billion in the first nine months of 1999.



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

2007.1.19 HOUSTON SMALL BUSINESS OWNERS LOOK TO VC’S FOR FUNDING AND GUIDANCE

Go to iBank Now

Kathryn Johnson
Director of Communications Technology
3151 Airway, Building G-3
Costa Mesa, CA 92626
(949) 265-5767
kjohnson@credentrust.com
January 19, 2007

HOUSTON SMALL BUSINESS OWNERS LOOK TO VC’S FOR FUNDING AND GUIDANCE
Area business owners look to the experts for capital and resources needed to expand or start their small business

Small business owners in and around Houston are coming to the conclusion that they need more space, more money, more resources and more guidance to grow and expand their business. Whether they are just starting out, adding more inventory or more employees, owners are looking past their personal and business credit cards, banks, their rich uncle, or even their wealthy neighbor. The city’s small business owners are turning to venture capital firms that are rich in experience and financial backing.
“We regularly work with entrepreneurs as they work to shape their novel ideas into viable businesses,” says Ned Hill, a partner with Houston-based Sternhill Partners. “Obviously, most entrepreneurs are interested in investment capital. But more broadly, we try to help entrepreneurs achieve success by applying our own operating experiences and industry knowledge – collectively thinking about how to best leverage their innovations in the marketplace, understanding the potential potholes along the way to success, and determining how best to mitigate those risks.”
Incorporating Houston’s diverse culture, international dining experiences, the city’s great education centers and the low cost of living expenses, all these aspects lead the small business owner to stay within the city to start a new business or to expand the existing one. Great VC firms such as Summit Capital Group, LLC, Sternhill Partners, Vanguard Ventures, DFJ Mercury and others, are reaching out to the small business community to help them make Houston a thriving place for businesses. Venture Capital activity is focused in five states with Texas coming in third with 6% of the activity,
-more-

according to PricewaterhouseCoopers. With 5.3 million residents and a growth rate that is two times faster than the national rate, Houston is continually growing with job and business opportunities everyday. Houston ranks second in employment growth rate and ranked first in Texas, and third in the U.S. within the category of "Best Places for Business and Careers" by Forbes Magazine. With all these wonderful qualities, no wonder Houston’s VC firms are funding so many businesses.
“Helping the small business owner find capital is a very important job,” said Senior Development Manager Marcus Brutoco of Credentrust Software. “Venture Capital firms are there to assist small business owners write business plans and proposals, help with start up responsibilities, work with the business owner to find and hire the right people and place their own experienced members as the company board members.”
The process of finding a venture capital firm can be a daunting task, but with perseverance and knowledge, small business owners can find the perfect fit. The owners can scour the internet looking for the venture capital firm that will fit their needs, or ask friends and family for assistance to no avail. Doing research for the perfect VC firm is a worthwhile effort so that the owner doesn’t waste his time or the firms’ time with a business proposal that doesn’t match their particular criteria. Each VC firm specializes in particular industries and invests at certain stages of the business development. Examples would be Vanguard Ventures which started in 1981 and specializes in early stage businesses in technology and life sciences. They look for companies with break through and protect able technology. Another firm, Sanders Morris Harris, started in 1987, believes in investing right alongside the client and sharing rights and rewards. Their motto of striving to meet the diverse needs of high net worth individuals, should appeal to owners looking to expand their businesses. Sternhill Partners, voted Most Important VC firm in Houston by “Upside Magazine” in 2001, provides venture financing to seed and early-stage technology start-ups. The firm believes that the entrepreneur comes first and their goal is to build good companies using their own board members as corporate mentors. Overall, according to the Wall Street Journal, July 28, 1999, the technology industry start ups are the most funded. The technology industry attracts 62% of the venture capital investment, healthcare 21% and products and services following with 14%.
Another direction small business owners are taking involves turning to companies on the internet that help owners find funding, resources, insurance agents, equipment leasing and VC and Angel investors. Small business owners have so many things to worry about on a daily basis that any type of timesaving help would be greatly appreciated. These companies offer owners a service where they fill out one digital online investment package, then store it in a secured Vault, and then it can be seen by investors all over the country or right in their own neighborhood. Internet companies seem to be growing and becoming more prevalent in today’s’ fast paced society.
“Small businesses are the backbone of the American economy and especially in cities such as Houston,” said Tom Markel, CEO and Chairman of Credentrust Software that powers iBank.com. “With 5.3 million people in the Houston area, the opportunity for growth and development is phenomenal. VC firms throughout Houston and the nation have the chance to help thousands of small business owners fund their futures. Companies like iBank.com are here to provide help, guidance, resources and capital.”
As a small business owner realizes that they have outgrown their present situation, they look endlessly for help, guidance, basic resources and especially some monetary backing. Looking into venture capital funding, where a business owner receives at least one round of financing from a venture capital firm, is growing in America. In 1998, $21 billion was invested in private companies, and in the first half of 1999, investments grew to $11.4 billion with 1383 companies receiving financing from venture capital firms, according to PricewaterhouseCoopers. But in 2000, the venture capital industry noticed a decline in investments for the first time in two years. A report from Venture Economics and the National Venture Capital Association states the VC companies invested a total of $79.9 billion in 2000 compared to $33.7 billion in the first nine months of 1999.

###




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.

1/12/2007 Starting the New Year off right, iBank.com applications have doubled and sales have increased 60% over previous year

Go to iBank Now

Starting the New Year off right, iBank.com applications have doubled and sales have increased 60% over previous year

iBANK.COM STARTS OFF THE YEAR WITH RECORD NUMBERS

COSTA MESA, CALIF. (Jan. 12 2007) - www.iBank.com, Today, iBank.com reports that applications have doubled when compared to 2006. With only a few days into the New Year, registrations have increased 100% and seem to be increasing daily.

“This is not shocking,” stated CEO and Chairman of Credentrust Software that powers iBank.com, Tom Markel. “Small business owners are looking to start the year off right and iBank.com can assist them achieve their goals. Whether it’s acquiring equipment through leasing, insurance for the business, loans or capital through Venture Capitalist or Angel investors; iBank.com is here to help.”

Service oriented businesses such as iBank.com experience an increase in business at the beginning of a new year. Small business owners that make New Year’s resolutions to start a business or expand a pre-existing business, turn to iBank.com for help and direction. As a small business resource, iBank.com helps the borrower reach lenders, brokers, insurance agents and investors across the nation with just one click. Borrowers fill out just one online digital application, which is then stored in their personal secured Vault and then hundreds of qualified lenders, agents or investors can access the information and close the deal. Spending a few minutes filling out a single application when compared to the traditional process of running to many banks or brokers, saves the borrower time, money, hassles and heartache. iBank.com eliminates multiple applications and fees, which lets the entrepreneur spend his time working on matters that are more important to his future.

“New technology leads small business owners towards a brighter future,” states Manager of Technical Services, Tim Lee. “Thursday was our biggest registration day since we started iBank.com, which proves that small business owners are looking for
-more-

easy and secure ways to handle their financial and investment matters. Our software works and small business owners are realizing how easy it is to get funding.



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

1/07/2007 iBank.com helps both sides of the spectrum, by promoting small insurance agencies to small business owners that need commercial and personal

Go to iBank Now

iBank.com helps both sides of the spectrum, by promoting small insurance agencies to small business owners that need commercial and personal insurance

IS AN ANGEL IN YOUR FUTURE?

COSTA MESA, CALIF. (Jan. 07 2007) - www.iBank.com, Is your business bursting at the seams? Are your customers anxiously waiting for new products to arrive, but not enough workers to accommodate the work load? If this sounds familiar, than you might be one of the many profitable and growing small businesses in the United States during 2006. Looking to expand the business, owners must find financing or funding outside of the usual relatives landscape. The answer could lie with Angel Investors.

Angel Investors range from individuals with spare cash, relatives that believe in your business, or groups of individuals with a common goal of helping the small business community. A common thread among Angel Investors is the need for privacy. Finding Angel Investors used to be difficult, but with the help of organizations such as the Ewing Marion Kauffman Foundation, Angel Investors can be found right around the corner or across town. The foundation assists individuals into forming groups of investors within communities and helps them realize the advantages of working together instead of alone.

According to a report by the Kauffman Foundation, groups of Angel Investors went from 10 to over 200 from 1996 to 2003. This increase shows the need for funding for
small businesses throughout the country. Angel Investors use their own money for
-more-


investments, which are usually, start ups; compared to Venture Capitalist who invest other people’s money and usually invest in late stage companies.

To make sure you get the Angel funding needed there are a few necessary steps to insure your small business gets a piece of the Angel pie. Angel Investors are investing in approximately 12% of the proposals and business plans that are presented to them, according to the Center for Venture Research at the University of New Hampshire. To increase the chances of receiving funding, small business owners must prepare a fool proof business proposal to attract and secure an investor who believes in their future.

Before even contacting an Angel Investor or group, the small business owner should research investors, their targeted market, the competition, and the businesses that are most likely receiving funding. Once the business owner has done his homework, the next step is to write a professional business proposal. Know your audience. Include all company and personnel information that is needed by the investor in the proposal. Things to include in your business proposal, according to the Kauffman Foundation:

1. Detailed slides, about 15, that are a part of a digital presentation about you the owner and your proposed business plan. Keep it to about 15 minutes and include a presentation of entire management team and the product.
2. Write up the proposal using an outline
3. Include research information about competition, demographics, surrounding businesses and any other pertinent information.
4. If the investor wants details, give it to them. If they don’t want to spend time reading through many pages, keep it short.
5. Only give references when asked otherwise don’t include them in your proposal.
6. Let the investor know the approximate price unless asked for specifics.
7. Give the investor a list of employees if possible, or at least the amount of people you plan to hire
8. Present the proposal the way the investor expects, chronologically or functionally.
9. If you don’t know the answers to their questions, state that fact and tell them you will find answers to all their questions.

Preparing a business proposal for an investor might seem overwhelming at first, but there are many sites and organizations that are dedicated to helping the small business owner succeed. As mentioned earlier the Ewing Marion Kauffman Foundation, S.C.O.R.E. (Senior Core of Retired Engineers), N.A.S.E. (National Association of the Self Employed) and many other organizations are waiting to help.
Another suggestion for help would be online companies that are dedicated to helping small business owners find the funding, investments and help they need to start or grow their business. Companies such as iBank.com can help match small business owners with lenders, brokers, banks, insurance agents and all types of investors. iBank.com is not a funding source but a great resource tool that can help small business owners put together a digital online business proposal and application which is then stored in an online secured Vault which can be accessed anytime and anywhere.
Remember the chances of an Angel investor being interested in your idea or company is getting better every year, but you must come prepared and enthusiastic. Angel investors invest in people, so show them you are capable, prepared, and most importantly ready to increase his cash flow. Angel Investors is one of the best ways to finance a start up business and having access to these individuals or groups is the best investment a small business owner can make in his future.



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