FTRANS was included in an article about entrepreneurs taking therces of financing stigma out of borrowing against receivables, in an article in the Wall Street Journal by Simona Covel. Covel explores a receivables discounter, FTRANS, and a supply chain financing company.
The article notes that all of the companies that facilitate borrowing against receivables sometimes experience push back when pitching the program. However, as was the case with Synovus Bank in Tampa, after working with the FTRANS, banks and clients find the value in it. The article notes that after 1 1/2 years, Synovus Bank in Tampa is now aggressively pitching the FTRANS program, in an attempt to branch out from real-estate lending.


Leave a comment
Comments feed for this article