How the Program Works

  • Bank refers potential borrower to SPECTRUM.
  • SPECTRUM provides the necessary financing while allowing the borrower to return to the referring bank prior to maturity at no cost whatsoever.
  • Advantages to Bank

  • Bank can refinance the SPECTRUM facility prior to the maturity date with no borrower termination fees.
  • Borrower has a strong incentive to move from SPECTRUM back to the referring bank.
  • Bank maintains the checking accounts and other banking services of the borrower.
  • Advantages to Borrower

  • Additional time to complete their turnaround or restructure.
  • Ability to graduate to the referring bank sooner than the contract would otherwise allow.