It is natural for small businesses to gravitate toward their local community banks as they endeavor to expand and grow. Yet often these banks are forced to turn down entrepreneurs, because they don’t meet standard real estate or cash collateral lending criteria. By teaming with us, a bank can broaden its products offerings while still maintaining required credit quality.

 

Under A/R Assist, Transfac provides its factoring services on a non-borrowing basis with assignment rights granted to the bank. The bank benefits from access to real time borrowing base reports and Transfac’s monitoring and control of collections. A/R Assist offers the bank superior collateral control when compared to conventional ABL.

 

This Bank/Transfac partnership can work to the benefit of the customer by lowering his borrowing costs compared to traditional factoring. The customer also benefits from Transfac’s credit and collection management services.

 

For more information about A/R Assist contact us today!