New NBC tool converts receivables into working capital

National Bank of Commerce (NBC) has launched the BusinessManager program, which allows invoices to serve as collateral.

Accounts receivable financing, also known as invoice financing, provides businesses with immediate cash that gives them the opportunity to grow, meet operational overhead, take advantage of vendor discounts, hire additional staff or fund payroll. The BusinessManager program can be customized to serve a variety of industries, and the businesses’ customers are not notified for payment regarding the sold invoices.

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