Money Buzz 07/05

Connect to all potential lenders with only one application.

By Jennifer Pellet • Jul 1, 2005

Opinions expressed by Entrepreneur contributors are their own.

Tired of pounding the pavement looking for a bank loan? For asmall fee, maybe you can tap your keyboard instead.

Business loan applicants can create a loan package, connect to225-plus lenders nationwide, and close a loan by filling out onlyone application at iBank.com, explains Tom Markel, president andCEO of Credentrust Software, the Irvine, California, company thatcreated and owns iBank.com. "The average business," henotes, "fills out four separate applications before gettingaccepted by a lender."

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