Ftrans

Ftrans

Ftrans Corp. is an Atlanta, GA based provider of technology enabled collateral monitoring services to banks for monitoring their commercial and industrial loan portfolios. Founded in 2004, Ftrans provides commercial lending services to banks and receivables services to bank clients (borrowers) in the United States. Ftrans was listed on the Inc. 500 list of the fastest growing private companies in the United States in 2009 and on the Inc. 5000 list in 2010,[1] and was ranked 13th in the Financial Services category after posting 718% growth in 2009.[2]

Quick Facts Company type, Industry ...

Products

Ftrans provides commercial loan collateral monitoring to C&I lenders. Ftrans Monitoring enables lenders to offer working capital loans to small to mid-size businesses with light monitoring capability by providing a web-based view of the borrower's working capital collateral.[3] Ftrans Advanced bridges the gap between lightly monitored C&I lending and asset-based lending characterized by intensive monitoring. Ftrans also provides third-party servicing of SBA 7(a) CAPLine programs. Through its direct funding division, AdvancedAR, Ftrans provides commercial and industrial small business funding.[4]

Technologies

Ftrans’ software as a service based platform is based on current Microsoft .NET technologies. The software provides a real time interactive platform for Ftrans personnel to provide replacement services for major functions within the business at a high productivity level driven by automation and flow designed to enforce ‘best practice’ processes.[citation needed]

Partners

Ftrans works with a variety of institutions to provide small business funding to clients. In 2007, Ftrans partnered with Synovus Financial Corp. to provide receivables best practices to small businesses to provide sufficient verification of their collateral to secure financing.[5]

Clients

Ftrans serves more than 150 clients in a wide variety of B2B industries who in turn serve more than 10,000 active customers. Ftrans' clients range from small sole-proprietor companies to fast-growing mid-sized companies with more than $500,000 in annual sales, including businesses that do not have hard assets to use as collateral.[6] To date, Ftrans has processed more than $600 million in accounts receivable for its clients.[citation needed]


References

  1. "Ftrans Profile on Inc. 500". Inc Magazine. Retrieved 1 March 2011.
  2. "Top 100 Financial Services Companies". Inc Magazine. Retrieved 1 March 2011.
  3. Bills, Steve. "Synovus Puts Analytics at Core of Small-Business Loan Push". American Banker. Retrieved 17 March 2011.
  4. Tozzi, John. "Entrepreneurs Turn to Alternative Finance". Business Week. Bloomberg. Retrieved 1 March 2011.
  5. Covel, Simon (11 May 2009). "Getting Your Due". Wall Street Journal. Retrieved 1 March 2011.
  6. Tozzi, John. "Entrepreneurs Turn to Alternative Finance". Business Week. Bloomberg. Retrieved 1 March 2011.

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