LendingNetwork AT A GLANCE - Jack Henry & Associates

LendingNetwork?

AT A GLANCE

The LendingNetwork? Advantage

Alternative Financing for Your "Unbankable" Business Customers

From time to time, creditworthy business customers face common financial hurdles that may not be met by traditional banking products. With LendingNetwork from ProfitStars?, these commercial businesses can find support through creative funding strategies while financial institutions (FIs) can maintain a strong relationship with the customer.

ProfitStars' LendingNetwork offers alternative financing from a group of more than 50 of the most dedicated, responsive commercial lenders in the industry. With this program, financial institutions and credit unions can safely and soundly retain a customer's deposit relationship, incubate deals for a future return, and remove problem loans from the balance sheet.

Helping Clients Jump Financial Hurdles

All shapes and sizes of businesses face financial challenges and may need to use non-traditional financing to meet obligations. Though considered "unbankable" by traditional underwriting criteria, you can now provide funding for these clients with ProfitStars' LendingNetwork.

Our Dedicated LendingNetwork Provides Options For:

Accounts receivable financing

Equipment leasing

Asset-based lines of credit

Term debt

Purchase order and inventory financing

Commercial real estate finance

Contract finance

Unsecured cash-flow loans

The Benefits of Offering Alternative Financing

Retain a business relationship without the risk of loan losses. Compete for the future business of companies that do not currently meet your credit standards. Remove criticized, classified, or problem loans from your balance sheet. Enhance your financial institution's reputation in the small business community.

How It Works

Your financial institution simply refers businesses to the LendingNetwork if they fail to meet criteria for in-house financing or if their requests require special products.

The LendingNetwork partners then assume the risk and provide a variety of financing options. Your financial institution retains the possibility of a future credit relationship with the customer.

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Lending Network Solutions

Real solutions, for real challenges.

Accounts Receivable Financing | 1 Purchase Order Financing | 3

Construction Contract Financing | 5 Unsecured Business Loan | 7

Equipment Leasing and Financing | 9 Commercial Real Estate Financing | 11 Debt Financing: Senior, Subordinated, and Equity | 13 Merchant Cash Advance Financing | 15

ACCOUNTS RECEIVABLE FINANCING

Accounts Receivable

Financing

Accounts Receivable Financing

What It Is ...

Leveraging the accounts receivable asset of a business to create working capital.

Who It's Great For ...

Businesses of any size with accounts receivable.

What It Uniquely Offers Your Customer ...

Accounts Receivable Financing enables your customer to get next-day financing of its accounts receivable. Instead of businesses waiting 30-60+ days for their customers to pay them, this program allows them to typically be paid within 24 hours.

What This Means to You ...

Accounts Receivable Financing allows businesses to maximize cash flow, meet payroll, grow their business, and manage seasonal fluctuations.

Product Offer ...

Advance rates up to 95% Be approved and finance invoices in as little as 24 hours No minimums!

Funded Deals ...

Trucking company looking for $1.5 million line request $600,000 tax lien History of losses

Electrical contractor looking for $35,000 line request 560 credit score Six civil judgments against the owner

Lawn care owner looking for $45,000 line request Owner had felonies for weapons possession and assault Single account debtor

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LendingNetwork Funding Story

Accounts Receivable Financing

Business Description:

Computer refurbishing company based in California

Lead Source:

FI lead

Benefit to the Business:

The FI was unable to help the company because it was a start-up with no existing accounts. The company had to incorporate, make sales, and then generate invoices, which took three months to complete.

Our LendingNetwork partner worked with the customer from the beginning, even introducing her to a real estate agent.

The final challenge and one of the biggest to overcome from a lender's standpoint was her debtor base. They were all school districts. School districts don't have established credit, so it can be impossible for most lenders to work with them. Our partner has substantial experience financing invoices to school districts.

Our partner had to compete with 10 other lenders from the very start. He won her over by being honest and forthcoming and because of his competence and knowledge about the service and industry. He even showed her a copy of their contract before she completed the application. This extraordinary customer service won the deal and the customer couldn't be happier.

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PURCHASE ORDER FINANCING

Purchase Order

Financing

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