In an exciting collaboration, U.S. Bank and Levantor Capital have joined forces to offer enhanced working capital financing options to U.S. Bank clients. This partnership will now allow U.S. Bank to provide Levantor's sales finance solutions, giving clients access to a wider range of flexible financing options.
Dan Son, senior vice president of working capital finance at U.S. Bank, expressed his enthusiasm for the expanded partnership, stating that it will help clients strengthen their supplier relationships and streamline trading processes. By offering a diverse portfolio of working capital finance solutions, backed by U.S. Bank's top-notch servicing capabilities, this collaboration aims to empower businesses to optimize their financial operations.
Levantor's sales finance solutions are designed to help trade partners navigate payment terms efficiently, particularly with suppliers outside the U.S. Bank network. These financing arrangements enable buyers to extend payment timelines while maintaining strong commercial relationships with their suppliers.
With a focus on enhancing working capital along supply chains, U.S. Bank's existing range of risk management and financing solutions will be complemented by Levantor's offerings. Clients can leverage both U.S. Bank's supply chain finance options and Levantor's solutions to effectively manage their supplier networks and drive business growth.
Mike Humphreys, chairman and founder of Levantor, is confident that these new solutions will help U.S. Bank customers optimize their working capital positions, ultimately facilitating sales growth. As a recent report by PYMNTS Intelligence and U.S. Bank revealed, small to medium-sized businesses are increasingly turning to borrowing tools to support their financial needs, with higher-revenue SMBs utilizing a greater variety of borrowing options.
Overall, the expanded partnership between U.S. Bank and Levantor represents a significant step towards empowering businesses with the financial resources they need to thrive in today's competitive market landscape.