Factoring company Gateway Commercial Finance announced the launch of Sentinel Portfolio Solutions to support community banks who desire to lend to small businesses but lack experienced personnel or the requisite highly specialized infrastructure.
“We’re the first service provider to offer a para-passu platform giving our partners the confidence knowing that we’re fully vested in our mutual success. In the past, other providers were only interested in providing back office…with no downside risk,” said Marc J. Marin, managing director of Gateway.
As the demand for small business loans increase, community banks looking for a way to safely support small businesses are quickly turning to C&I loans and receivables based products.
“The dilemma many of the community Bankers have is the lack of specialized staff and necessary infrastructure to transition timely and economically into C&I lending which focus on receivables and inventory as the primary sources of collateral,” said Marin.