Costa Mesa, Calif.-based ibank has created a commercial lending search engine that allows small businesses to find lenders and brokers based on four search criteria.The criteria act as a filter, which allows lenders to target their marketing dollars only to those small businesses seeking their products, iBank said. The new engine allows small businesses to search up to 85 different types of small-business loan, equipment leasing, and commercial and home mortgage loan. Lenders can reach these small businesses in three ways: the Organic Lender List, which is composed of information taken online from lender websites by the iBank website's Web crawler; the Classified Campaign Lender, composed of lenders who pay for placement in the classified section of the search engine; and the Premier Campaign Lender, which consists of lenders who have taken a more active approach by registering with iBank's website and creating targeted campaigns that deliver hot prospects directly to their computers each day. The company can be found online at http://www.ibank.com.
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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
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Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
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With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
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Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
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The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
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Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
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