us bank and Levantor Capital has expanded its partnership to offer additional flexible working capital financing options to U.S. Bank customers.
With this partnership, US Bank will now offer Levantor services. sales finance The companies announced the resolution on Wednesday (April 3). press release.
“By deepening our cooperation with Levantor, we will be able to help our clients improve their relationships with suppliers and trade more efficiently with their partners.” Dan Songsaid U.S. Bank's senior vice president of working capital finance in a release. “Together, we can offer our clients more complementary working capital finance solutions, backed by the superior service capabilities of our corporate trust business.”
According to the release, Levantor's sales financing solution helps trading partners optimize payment terms, including with suppliers in jurisdictions outside of US Bank's network. These financing arrangements help buyers extend payments while maintaining established commercial and payment terms with suppliers.
These new options join existing risk management and financing solutions offered by US Bank to help companies improve working capital along their supply chains, the release states. . The bank expects its customers to use both its own supply chain finance options and Levantor's solutions to manage its growing supplier network.
The addition of these sales financing solutions also builds on the companies' existing partnership, with US Bank Global Corporate Trust and Custody serving as the agent and custodian for Levantor's working capital solutions.
“We are confident that our solutions will help U.S. Bank customers improve their working capital positions and thereby enable revenue growth.” mike humphriesLevanter Chairman and Founder said in a release.
According to a PYMNTS Intelligence study, 90% of small and medium-sized businesses (SMBs) borrowed tools In the past year.
According to , the larger the annual revenue of a small business, the more likely it is to use various borrowing tools.small and medium enterprises Dynamics of borrowing: trends, tools, and decision drivers”, a collaboration between PYMNTS Intelligence and US Bank.
The report found that high-revenue small businesses tend to use an average of 3.5 borrowing tools, while low-revenue small businesses use an average of 2.3 borrowing tools.
