To continue adding to its working capital tool kit for businesses, U.S. Bank will now provide its clients Levantor Capital’s sales finance solutions. This will provide additional options for trade partners to optimize payment terms, including with suppliers in jurisdictions outside the U.S. Bank network. Levantor’s financing arrangements can help buyers extend payment without reworking established commercial and payment terms with their suppliers. The bank also expects some clients – especially those with complex layers of suppliers – to combine both Levantor solutions and U.S. Bank supply chain finance options to optimize their working capital and support their suppliers.
The collaboration builds upon the existing partnership between U.S. Bank and Levantor. U.S. Bank Global Corporate Trust and Custody serves as agent and custodian for all of Levantor’s working capital solutions.
“By deepening our collaboration with Levantor, we can help our clients improve supplier relationships and more efficiently trade with partners,” Dan Son, senior vice president, working capital finance at U.S. Bank, said. “Together, we can provide clients a larger slate of complementary working capital financing options, backed by the leading servicing capabilities of our corporate trust business.”
“We are extremely pleased to broaden our relationship with U.S. Bank. They have been a key partner in enabling Levantor to deliver over $15 billion in working capital,” Mike Humphreys, chairman and founder at Levantor, said. “We are confident that our solutions will help U.S. Bank customers improve their working capital positions thereby enabling sales growth.”
