iBank is a company that provides small businesses with access to their network of loan lenders, insurance providers, and capital sources. This simplifies the process of getting a business loan, equipment leasing, commercial mortgages, and business insurance similar to what LendingTree does for consumer loans.
The company offers multiple products to small businesses in effort to increase their chances of getting a loan.
- Finance Center connects the borrower with the lender by posting the borrower information to the lender's account for review.
- Finance Suite enables a business to upload and store financial data, management bios, business plans, appraisals, tax returns and all other materials necessary to pre-populate loan, insurance and investor applications in a secure online vault and seamlessly deliver these materials online in a professional organized manner to lenders, insurers, and investors nationwide. FinanceSuite nearly eliminates the paper based, fax and overnight delivery of documents to third parties. The tool also helps borrowers identify if they qualify for niche loans such as working capital, SBA loans, and merchant cash advance.
iBank's parent company Credentrust runs the software that powers iBank as well as applications for CB Richard Ellis, Sysco Corporation, Hilton Hotels, the United States Environmental Protection Agency, and Pioneer Electronics providing hosted solutions that enable these companies to quickly and efficiently process new customer accounts and provide existing customers with access to financing to help them grow their business.