Liquid Capital Corp. announced as the exclusive, preferred alternative business funding vendor for the Illinois Bankers Association (IBA).
The board of Illinois Bankers Business Services, the for-profit division of the Illinois Bankers Association has approved Liquid Capital Corp., and their Bank Alliance Program, as a preferred vendor.
Established in 1999, Liquid Capital Corp. is a direct funding source that provides strategic alternative financing solutions for business to business companies. They address issues such as constrained cash flow, supplier payments and asset-based lines of credit. They have administrative offices in Toronto and Montreal, Canada as well as Irving and Austin, Texas and a network of 45 sales offices spanning North America. To date, Liquid Capital has deployed over $3 billion in financing transactions.
As an expansion of Liquid Capital’s experience in working with banks, they have developed the Bank Alliance Program. Recognizing the need for banks to compete and present a more broad-based approach in addressing the financing needs of prospective and current customers, the Bank Alliance Program provides a proactive offering of alternative financing options when traditional lending is not available or is limited. The structure of the program is developed in collaboration with the bank based on their needs and preferences as an enhancement to their business and strategic plans. The goal is to provide the bank the opportunity to increase their customer acquisition and retain the business and loyalty of current customers.
In achieving preferred vendor status, Tom Stamborski, the program’s developer and manager said; “Liquid Capital is honored to be approved as a preferred vendor and excited to play a part in the continuing history of the IBA in its delivery of products and services to its members. The IBA is seen as a lead innovator among state banker associations and we look forward to complimenting their efforts by delivering to their member banks financing products and support that will contribute to their growth and success”.
For more information, contact:
Tom Stamborski – Program Manager – Liquid Capital/Bank Alliance Program
847-842-3300 – tstamborski@liquidcapitalcorp.com
Callen Stapleton – President, Illinois Bankers Business Services
217-789-9340 – cstapleton@illinois.bank.com
