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Every day, companies rely on working capital to fund their physical supply chain, support growth, pay for strategic initiatives and provide a financial cushion. Buyers and Suppliers can be faced with conflicting objectives; Buyers want to maximize payment terms while Suppliers want to receive payment as early as possible. Traditional financing methods can be frustrating at times.
Vectra Bank offers a solution to this problem; Supply Chain Finance (SCF). SCF allows the Buyer to extend its payment terms to a Supplier, freeing up working capital. The Supplier is then paid early by presenting these invoices to the bank for discount. Suppliers have the ability to discount some or all invoices, providing maximum flexibility. SCF can be a win-win solution for both parties, providing working capital, liquidity, and stability in the financial supply chain.
For questions or to learn more about Vectra Bank’s Supply Chain Financing, please contact Mark Garfield or complete the form below.
Senior Vice President, Regional Manager, Global Trade Solutions
Vectra Bank has a department dedicated to providing foreign currency and trade finance options for business clients.