Capital Facilities for Financial Institutions
Synergy Partners has joined forces with one of the largest factoring operations in the United States, converting over 500 companies’ accounts receivable into cash daily. Historical purchases up to $1 billion annually. This joint venture allows Synergy Partners / Synergy Capital to offer yet another product to community financial institutions which affords growth through new accounts, non-interest income, higher profitability, and increased customer retention.
Call or email us today to discuss a factoring facility for your financial institution.
- Our fees and rates are typically much lower than other factoring companies (often more than 50% lower) in the industry due to commercial bank ownership.
- Debtors can continue making payments to your bank vs. another factoring provider.
- We do not compete for any banking business. Non-compete language is included in the formal referral agreement.
- All notification to debtors is presented on your letterhead.
- Your bank has the ability to win ancillary bank services and a long-term relationship with prospective customers that would otherwise not qualify for traditional bank financing.
- We offers flexible contract terms (90-days to 12-months).
- Our pricing is calculated from funding date vs. invoice date (many competitors charge from invoice date).
- We allow your customer to factor as needed. The customer does not have to factor every invoice. We do not have minimum requirements or unused fees.
- We will waive wire fees if the company referred maintains a depository relationship with the referral source.
- We will waive the early exit penalty should the company be approved for a traditional loan with the referring bank.
