Many of your Bank's commercial customers require additional funds for working capital to meet the needs of expansion, normal operations, or to cover the gap between "payables" and "receivables." Before implementing the CCS program, many Community Banks were uncomfortable with the risks of asset based loans involving accounts receivable, or they lacked the staff or expertise needed to take advantage of these opportunities. Worse yet, loans were made on receivables with just the barest modicum of verification and safety, and with little or no ongoing credit management.
Community Commercial Services is a unique outsource solution specializing in Commercial and Industrial lending solutions. Your Bank is now able to lend working capital to your commercial customers much more safely and profitably, and without the hassle of monitoring and processing. Your lenders are provided with tools that allow them better structure, and your credit officers stay in control while the Bank earns excellent recurring fee income. From the outset, CCS handles all the daily processing, verification, reconciliation and repayment stream activities. Our distinctive approach to risk management is unrivaled in this industry.
Our Banks never receive an invoice for these services and are profitable and protected with the use of this self-liquidating and "hassle-free" tool from "Day 1." Commercial lenders are now able to extend their existing line of Bank service offerings to those credits that would normally be more difficult to underwrite. Safety and soundness are enhanced through the use of CCS' exceptional system of invoice controls and monitoring, world-class credit insurance, fraud detection and prevention, and skilled ABL expertise.
Profitability and yields are substantial as the Bank earns income for every dollar of sales from the clients' invoices as recurring non-interest fee income in addition to fees garnered for inventory and other business assets. Because CCS does all the work, these yields are dropped right to the Bank's bottom line, growing profits and net income margin. Additional benefits include the competitive advantage in the Bank's home market, as well as numerous core deposits produced by attracting new clients and retaining existing relationships. CCS also offers extensive training, as well as professional bank sales and marketing expertise.
Additionally, we provide professional C&I risk-to-profit management, consultation, and marketing services for Community Banks. Our clients generate high-yield, fee-based income while diversifying their product offering in their local market. In addition, each new relationship brings four new core deposit accounts essential to the retention of beneficial long-term customer relationships. In today's Community Banking market, we are the only provider of this superior service with the experience and time-tested capability to meet your demands.
"If stupidity got us into this mess, why can't it get us out?"
- Will Rogers