Referral Programs

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.