A Team That Is a Cut Above
This lumber company is a 115-year-old family-owned company with 24 locations across three states serving everyone from large-scale contractors to DIY homeowners. This company needed more than what most banks can provide.
“They’re good people who want to help us grow our business, and we appreciate that.”
- President and CEO, Lumber Company
President and CEO, “In our industry, payment terms are tight and margins are tighter—maintaining healthy cash flow can be a challenge. We knew solutions to our problems existed, and our bank was able to offer them”. After taking the time to develop a deep understanding of their business, our team of financial experts delivered a comprehensive solution to reduce operating costs and enable growth.
“Their vendor payment and fleet credit card program has been huge. We receive a percentage of our spend as a rebate and improve our cash flow. The payment cards allow us to get vendors’ best pricing for early payments, and then we pay the bank 30 days later. Operationally, we are able to process millions of dollars of payments effortlessly. We also use their ‘buy local’ program that helps us grow our business and supports our community by offering our customers financing at 0% interest for an entire year. They also have helped us leverage treasury management solutions to take the burden off our operations. It’s exactly the kind of partnership we need in a bank.”
Built for Better Business.
Our Commercial Banking Team is ready to help your business grow
Or let us contact you.
Powered by HTLF
Our local banking team is backed by the strength, stability and expertise of a $18 billion organization. Click to learn more
JOIN US - 2021 WEBINAR SERIES
Exclusive webinar event series for our valued partners and clients. Click to learn more
Avoiding Credit Card Fraud
Using the right tools and best practices will help your company fight credit card fraud. Click to learn more
Safeguard Your Ach Transactions
With a recent increase in ACH fraud, learn about effective ways to protect your business. Click to learn more