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Internet Company Eyes Big Business in Small Business Finance Network For 2007
Dated: Dec 04, 2006
iBank.com sees sales skyrocket in 2006. The company expects 2007 to exceed all goals and expectations.
COSTA MESA, Calif. – iBank.com powered by Credentrust Software, heads into 2007 with increased
sales, revenues and media exposure. The company, started by Tom Markel in 1999, has seen continuous
growth every year since its inception. iBank.com, America’s largest commercial finance network, has three
distinct centers; the Finance Center, Insurance Center and the newest one, which is the Capital Center.
“Coming from a family history steeped in small business ownership, it’s wonderful to see iBank.com
expand into a thriving, growing business where our beliefs and ideals are the cornerstone of Credentrust
Software,” said Markel, CEO of Credentrust Software. “We see the Internet offering small businesses
real-time connectivity to a network of lenders, insurers and investors globally”.”
The growth of ibank.com has been phenomenal. Using over 10,000 keywords on the major search engines,
providing the online platform to other web sites and extensive media coverage has grown ibank.com from
200 small businesses seeking loans in January 2004 to over 85,000 in October 2006. Loan posting needs by
small businesses have grown 373% in 2006, and the advance lender search engine is up almost 6000%
since its inception in 2005. These incredible numbers represent just the commercial mortgage numbers. On
the insurance side, launched in April 2006, the center has seen tremendous monthly growth. The new small
business insurance center is up 193% since earlier in 2006, while the Capital Center postings have
experienced growth of a staggering 934 applications in six weeks.
“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, Inc. “iBank has built a robu