In an effort to extend our relationship with community bankers Integrity Factoring exhibited at the IBA, NBA & OBA Annual Convention in Coeur d’Alene, Idaho July 11-13. We had a wonderful time meeting everybody and especially enjoyed the various special activities included in the conference. Our attempt to broaden our banking audience was a great success. Our prize giveaway hit the spot as many bankers tried to win our basket of German chocolate. We would like to congratulate our winner Jeri Reno from Peoples Bank of Commerce, we hope that she enjoyed her foreign sweets!
Integrity Factoring provides a great service to bankers. The depository accounts stay with the bank while we provide the Accounts Receivable Financing to the customer. Some established businesses exhaust their lines of credit and thus can’t increase productivity without increasing cash flow. AR financing provides cash flow in such circumstances and enables the business to grow continuously. The bank is thus able to provide a cash flow tool that helps their customers increase productivity and grow to higher credit approval levels.
Additionally, startup businesses have a hard time meeting bank underwriting guidelines and cannot get credit approval. With Integrity Factoring’s financial solutions, the customer can open a depository account with the bank, get funded immediately on outstanding invoices, and start growing their business. Over time the business is able to meet the bank’s underwriting requirements, allowing the banker to add a valuable customer to his or her portfolio.
The annual convention was a great place to get our message out to IBA member banks, and we look forward to growing our banking relationships in the future. If you are interested in what Integrity Factoring can offer your bank please go to https://www.integrityfactoring.com/partners/bankers or call Jens Schkade at 208-834-2746 or contact@integrityfactoring.com.
