Supply Chain Finance is a vehicle for removing cost from the supply chain. The program optimizes the availability and cost of capital within a supply chain and mutually benefits buying organizations and their suppliers.
The buying organization gains access to interest-free working capital financing, which allows them to obtain longer payment terms, while suppliers are able to leverage the buyer’s favorable credit rating against their receivables and receive early payment through BB&T.
BB&T's expertise in supply chain finance makes the process much simpler than other traditional supply chain improvement programs:
BB&T's Supplier Finance Program can offer buyers specific benefits that can't be achieved through more traditional programs:
BB&T's Supplier Finance Program gives you the opportunity to turn your receivables into funds needed for your business:
Here's an example:
A buying organization issues their supplier a confirmed invoice for $100,000 that is due in 60 days. Your company immediately offers it for sale to BB&T. The cost is determined as follows:
Confirmed invoice amount x (60 day LIBOR + Program Rate) x (60 days/360 days)
In this example:
$100,000 x (0.30% + 2.0%) x 0.1666 = $341.67
BB&T offers expertise in supply chain finance and its team has vast experience with Supplier Finance Programs for many clients. Our funding solutions are backed by the resources of one of the largest and soundest financial holding companies in the country.
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