Program is exclusive to customers who wish to acquire essential use equipment
Verdant Commercial Capital has signed a multi-year agreement with Georgia-based Synovus Bank for a private-label equipment finance program for the bank’s commercial customers.
Through the partnership, the companies launched Synovus Equipment Leasing, which provides leasing and equipment financing ranging from $25,000 to $50 million exclusively to Synovus commercial customers. The program is supported by a line of credit from Synovus Specialty Finance.
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“We are excited to partner with the bank’s commercial equipment leasing team to deliver a value-added solution for their clients,” said Brian Lowe, chief commercial officer of Verdant Commercial Capital. “This product fills a need for Synovus’ relationship managers to offer fast, flexible, competitive equipment financing to their commercial clients, and we are looking forward to getting this exceptional solution in the market to serve a variety of financing sizes and collateral types.”
“As a leading Southeast regional bank, we are committed to being trusted advisors and providers of best-in-class service and solutions for clients,” said Matt Paluch, chief operating officer for Synovus’ wholesale banking team. “This relationship with Verdant furthers our mission by delivering agility and expertise to supplement our core banking offerings through white label equipment financing options.”
