National Bank of Commerce launches BusinessManager, a state-of-the-art solution enabling businesses to accelerate their cash flow.

June 2, 2017                                                                                                   FOR IMMEDIATE RELEASE
For additional information, contact Valerie Blanchenay, NBC VP-Marketing Director, at 715.394.8921.

BusinessManager is an innovative and state-of-the-art Accounts Receivable Financing program that accelerates cash flow for businesses by turning receivables into working capital. 

 
Superior, WI– National Bank of Commerce (NBC) a leading provider of commercial lending solutions for small and medium sized businesses, announced the launch of the industry exclusive BusinessManager™ program, a quick and simple way for businesses to get cash when they need it, with invoices serving as collateral. Accounts Receivable Financing, also known as Invoice Financing, provides businesses with flexible and immediate cash that gives them the opportunity to grow, meet operational overhead, take advantage of vendor discounts, hire additional staff, or fund payroll. The BusinessManager solution can be customized to provide success for a variety of industries, and the businesses’ customers are not notified for payment regarding the sold invoices.

BusinessManager is a web-based solution for fast growing businesses that need working capital to meet the demands of operating a business successfully. NBC will purchase a businesses’ Accounts Receivable at a discount, both initially and on an ongoing basis, as new receivables are generated. Funds are then deposited into the businesses’ account, giving the business positive cash flow. Utilizing BusinessManager’s electronic commerce feature, the business then can exchange receivables information quickly and easily through NBC’s secure internet site. In addition, businesses on the program receive access to detailed management reports with important information on aged receivables, customer balances, credit applications, and more.

BusinessManager has provided success to a variety of businesses and companies for more than 30 years and is a strong fit for fast growing industries such as Healthcare, Manufacturing, Staffing and Employment Agencies, Transportation and Trucking, Energy, Wholesale, and Distribution.

“We see an opportunity to help our local businesses, community, and entrepreneurs by helping improve their cash flow.” Said Bruce Thompson. BusinessManager provides access to the necessary working capital to grow, can expand the revenue and profitability of an organization – which is key for new or growing businesses and is part of the Independent Community Bankers of America (ICBA) Preferred Service Provider Program.

National Bank of Commerce is headquartered in downtown Superior and also has banks in midtown Superior, Duluth, Hermantown, Poplar and Solon Springs. The bank’s web address is nbcbanking.com.

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