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Well Fargo Small Business Lending Group Announce Alliance with iBank.com To Fund LOC Under $100KNow when qualified small business owners use iBank.com they are instantly connected with Well Fargo one of America’s largest small business lenders.
iBank.com has recently added Wells Fargo to its nationwide small business lending network. Now when small businesses enter their information at iBank.com and match the five criteria required by Wells Fargo they are automatically linked to Wells Fargo for a fast decision. Then they can apply directly to their database. (Insert Wells Fargo quote here)This feature allows the user to have a faster connection and eliminate paperwork. There is an advantage to the user who is not going the traditional route of applying in person or going to Wells Fargo’s site individually. The seamless integration of iBank.com’s search engine and Wells Fargo's web technology, lets the small business owners focus on their business instead of looking for qualified lenders to do their deal.
“Traditional lending sources only yield an average of 1 in every 200 applications processed, but going through iBank.com’s filtering system provides Wells Fargo along with other funding sources with targeted small businesses which match their criteria.” said Tom Markel, CEO and Chairmen of iBank.com “This increases the probability of getting funded for business drastically; making it more likely that 1 of 7 applicants will be funded.”
In addition to increasing the probability for businesses to receive funding, iBank.com FinancialSuite enables businesses to log in from anywhere in the world and maintain all their information in respects to their business. Businesses can upload and store all their documents including financial data, management bios, business plans, appraisals, tax returns and all other materials necessary to pre-populate loan, insurance and investor applications and seamlessly deliver these materials online in a professional organized manner to brokers, lenders, insurers, and investors nationwide.
About iBank.com
iBank.com is a small business lending network founded in 1997 by Tom Markel.
Markel launched the site in 1999 in order to enable companies of all sizes to store and organize their business data into a secure electronic "vault" accessible world-wide for the purpose of arranging financing to help them grow their business and reduce their costs. This technological advancement allows companies to become paperless and increase efficiency in receiving the funding they require. Businesses can seek numerous type of lenders, from venture capitalist, angel investors even to equipment leasing, iBank.com connect all lenders and businesses in real time.
About Wells Fargo:
(insert Wells Fargo Bio)
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