Supply chain finance is a vehicle for removing cost from the supply chain for both buyers and sellers.
With a supply chain financing plan in place, a supplier ships goods and invoices the buyer. The buyer submits approved invoices to the bank, which pays the supplier quickly at a small discount. The buyer then repays the bank over a set period of time. In effect: Suppliers get paid earlier than they normally would and buyers can hang onto their cash for a longer time, which allows both to put their cash to work more efficiently.
Backed by the resources of one of the largest and soundest financial holding companies in the US and with a deep expertise in several industry segments, BB&T professionals are able to customize programs for clients who are engaged in a broad array of fields, from the automotive aftermarket to retail department stores.
BB&T’s supply chain finance programs help suppliers:
Buyers find several advantages as well, since the programs:
Our corporate bankers have access to many tools to customize supply chain solutions for clients, including import/export solutions, multiple lending programs and customized software.