Verdant Commercial Capital Signs Private Label Program Agreement with Synovus Bank
CINCINNATI–(BUSINESS WIRE)–Verdant Commercial Capital, LLC has entered into a multi-year program agreement with Synovus Bank to provide a new equipment financing offering — Synovus Equipment Leasing — to commercial customers of Synovus Bank. Through the offer, equipment lease and finance agreements for critical-use equipment can range from $25,000 to $50 million. The program is exclusive to Synovus business customers and is available now.
This relationship combines Verdant’s speed and efficiency of fast credit underwriting, simple document processing and customer-centric service with Synovus Bank’s large banking footprint, providing flexible alternatives for Synovus customers who want acquire essential equipment through financing. The program agreement will allow Synovus relationship managers to further support clients in this space. This financing is supported by a line of credit from Synovus Specialty Finance.
“Synovus has a proven 134-year banking history and $56 billion in assets,” said Brian Lowe, chief commercial officer of Verdant Commercial Capital. “We are delighted to partner with the bank’s commercial equipment rental team to offer a value-added solution to their customers. This product addresses the need for Synovus Relationship Managers to offer fast, flexible and competitive equipment financing to their business customers, and we look forward to bringing this outstanding solution to market to meet a variety of financing sizes. and types of guarantees.
“As the leading regional bank in the Southeast, we are committed to being trusted advisors and premier providers of services and solutions to our customers,” said Matt Paluch, Chief Operating Officer of Synovus Wholesale Banking team. “This relationship with Verdant furthers our mission by providing agility and expertise to complement our core banking offerings with white label equipment financing options.”
For more information on this new program, contact your Synovus relationship manager.
ABOUT THE GREEN COMMERCIAL CAPITAL
Verdant Commercial Capital is one of the ten largest independent equipment finance companies in the United States. Verdant provides financing solutions for the acquisition of critical equipment and software in six sectors: industrial; Manufacturing; Specialized vehicle; Golf, sports and entertainment; renewable energies and energy efficiency; and Technology & Office. Verdant offers partners the ability to fund companies with deal sizes ranging from less than $25,000 to $100 million. The company is headquartered in Cincinnati with offices in Dallas, Detroit, Los Angeles and Minneapolis. Verdant was named Top Workplace 2022 by The Enquirer Media. For more information, visit www.verdantcc.com.
ABOUT SYNOVUS BANK
Synovus Bank, a Georgian chartered and FDIC-insured bank, provides commercial and retail banking services and a full range of specialty products and services, including private banking, cash management, wealth management, mortgages, premium financing, asset-based lending, structured lending and international banking through branches in Georgia, Alabama, South Carolina, Florida and Tennessee. The synovis is a Great Place to Work certified company and is on the web at synovus.comand on Twitter, Facebook, LinkedInand instagram.