Veritas Financial Partners

Loan Syndication

Veritas is committed to participating with both regional and community banks across the United States, providing them with the opportunity to co-lend in senior secured (first lien) asset-based loans to borrowers under our Bank Servicing Program.  The loans are originated and serviced by Veritas with a focus on safety, soundness, and full regulatory compliance.  The program complements your banks’ business priorities, conforms to OCC guidelines, and embraces state of the art asset-based loan servicing standards, processes, and systems.

Program Overview

  • Veritas and participant share in the transaction on a pari passu basis
  • Veritas will originate, service, and reconcile the transaction’s accounting on its industry recognized, state-of-the-art ABL collateral monitoring and loan accounting system
  • Loans can be tailored for Veritas’s share to be on a “first loss” basis
  • Participant bank retains depository relationship and related fee opportunities
  • Veritas will provide participant bank with monthly reports and analysis that will evaluate the performance of the borrower including “real time” collateral coverage as confirmed by independent asset valuations

Program Benefits

  • Drive increasing Net Interest Margin with attractive yields and secured first-lien
  • Build core  Fee Income and Deposits
  • Employ industry “best practices” in loan servicing and collateral monitoring
  • Aggressive and proactive portfolio management
  • Portfolio Diversification
  • Bank ready – regulatory familiar Risk Rating metrics for ABL
  • Additional cross-sell opportunities with direct access to the Borrower
  • Zero investment required in overhead and infrastructure