Big news at AdvancedAR – we are pleased to announce our new financing partnership with FNB Bank. Here’s what our CEO, Dan Drechsel, and FNB Bank Chairman, Alan K. Gay had to say about this development that strengthens AdvancedAR’s small business funding capabilities.
“The success that AdvancedAR has seen is a true testament to the value our service provides small businesses,” said Dan Drechsel, CEO of Ftrans. “We believe that having FNB Bank as our new financing partner will allow us to reach more businesses and help them solve their trade credit management and funding challenges. With FNB we have a solid partner while maintaing our quick turnaround and best in class receivables services we are known for.”
“We believe AdvancedAR will significantly enhance our ability to build communities by helping small businesses grow,” explains Alan Gay, Chairman of FNB Bank. “AdvancedAR will allow us to serve existing and new clients with loan products that make use of the unique collateral monitoring and trade credit management capabilities.”
More on FNB Bank: For over 111 years, FNB has been dedicated to making the community better by helping people reach their financial goals. Originally organized in 1900 in Scottsboro, Alabama, FNB now serves a three-county area through ten branch office locations. FNB currently provides small business with financing exceeding $137,000,000. FNB’s founders established FNB as an independent hometown bank and FNB continues to pursue that mission today.