Verdant Commercial Capital signed a multiyear program agreement with Synovus Bank to provide a new equipment finance offering — Synovus Equipment Leasing — for Synovus Bank commercial customers. Through the offering, leasing and equipment finance agreements for essential use equipment can range from $25,000 to $50 million. The program is for Synovus commercial customers only and is available now.
The relationship combines Verdant Commercial Capital’s credit underwriting, document processing and servicing with the banking footprint of Synovus Bank. This financing is supported by a line of credit from Synovus Specialty Finance.
“Synovus has a proven 134-year banking history and is $56 billion in assets strong,” Brian Lowe, chief commercial officer for Verdant Commercial Capital, said. “We are excited to partner with the bank’s commercial equipment leasing team to deliver a value-added solution for their clients. This product fills a need for Synovus’ relationship managers to offer fast, flexible, competitive equipment financing to their commercial clients, and we are looking forward to getting this exceptional solution in market to serve a variety of financing sizes and collateral types.”
“As a leading Southeast regional bank, we are committed to being trusted advisors and providers of best-in-class service and solutions for clients,” Matt Paluch, COO for the wholesale banking team for Synovus, said. “This relationship with Verdant furthers our mission by delivering agility and expertise to supplement our core banking offerings through white label equipment financing options.”
