COSTA MESA, Calif. – Online network ibank.com has created a commercial lending search engine which will allow small businesses to find lenders based on four search criteria. Set to be launched Nov. 1, the search engine lets lenders target multiple campaigns specifically to small businesses seeking business loans, equipment leasing and commercial and home equity mortgage loans. Only small businesses seeking for their loan products will see their listings. The new commercial lending search allows small businesses to search up to 85 different types of small business loans. Lenders can reach these small businesses in three ways: * The Organic lender list is comprised of information taken online from lender Web sites by the www.ibank.com Web crawler; * The Classified Campaign lender list consists of lenders who pay for placement in the classified section of the search engine; * The Premier Campaign lender consists of lenders who have taken amore proactive approach by registering through the Web site and creating targeted campaigns which deliver hot prospects directly to their computers each day. Lenders here can specifically target small businesses borrowers by designating up to 16 prequalification questions, including loan size; loan amount; credit score; years in business; loan to value; location; industry; and loan or lease type. “In an efficient market, banks, credit unions, brokers and private investors can get hundreds of leads daily of small businesses that match their lending criteria,” said Thomas Markel, chairman/CEO of Credentrust Software, Inc. the company that powers ibank.com. “The more targeted their search campaign, the more loans they close, the higher they rank – everybody wins. It's that simple.” Founded in 1999, ibank.com has processed more than $7 billion in aggregate loans each month, receiving approximately 6,000 loan requests a month, according to the company.
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