Bank Referral Partnership
Vertex Financial, an invoice
factoring company, partners with banks offering alternative financing options when banks are unable to meet the financing needs of an individual company. We have developed robust working relationships with multiple banks throughout the country and have been a sought-after, trusted accounts receivable and invoice factoring establishment since 1989. We don’t view ourselves as direct competitors to banks and other traditional lending sources. Instead, we see our accounts receivable factoring services as innovative alternative sources of capital that complement what banks can provide and reach clients whose banks are not well-equipped to serve.
Our services create a win-win atmosphere for banks and their clients. Securing a referral arrangement with Vertex Financial enables banks to provide extended financing avenues that cater to client needs. In return, banks maintain their customer relationships, can continue to obtain deposits, offer other financial services, and lend to the client when they become credit worthy again.
Disenfranchising a client from their line of credit oftentimes creates uncomfortable situations. Customers are likely long time clients who are familiar with their bank and in need of quick financial solutions.
Fortunately, clients are drawn to great customer care and banks retain them by putting them first. By partnering with Vertex, banks not only enjoy added customer satisfaction but also partake in industry-competitive referral fees enhancing ROA, Fee Income and Efficiency Ratios.
Success of Vertex Financial’s referral program largely resides on how committed a partnering bank is on recommending Vertex’s alternative financing options. We are totally committed to ensuring mutually advantageous relationships with banks and dedicated and willing to foster that environment.