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The Bancorp Rolls Out Fleet Alliance Program

September 25, 2020, 07:22 AM
Filed Under: Fleet Financing

The Bancorp, Inc. Commercial Lending announced its new Fleet Alliance offering, which will enable financial institutions to incorporate vehicle and fleet leasing services into their commercial business offerings. The Fleet Alliance program is also offered to equipment leasing companies that do not focus on or provide fleet vehicle financing.
The Bancorp Commercial Lending business provides small business loans as well as commercial fleet leasing services for commercial and government use. The Fleet Alliance offering is an extension of the Bank’s fleet leasing services, offering financial institutions and equipment leasing companies the ability to refer clients to The Bancorp for turnkey fleet leasing solutions coupled with national fleet discount pricing. This referral program also allows financial institutions to become a single source for commercial lending and fleet leasing services.

The new Fleet Alliance offering compliments Commercial Lending’s SBAlliance program, which provides financial institutions the ability to initiate Small Business Administration (SBA) loans through The Bancorp on behalf of their clients. Similar to the SBAlliance program, Fleet Alliance is a behind-the-scenes service enabling the Bank’s partners to manage their client relationships.

“The Fleet Alliance program allows us to share our expertise with financial institutions and our SBAlliance™ partners who may have the need, but not the resources, to manage financial and operational aspects of fleet leasing operations for their clients,” said Jeff Nager, Executive Vice President, Head of The Bancorp Commercial Lending business. “Fleet Alliance partners can offer their clients a value-added service that results in time and cost savings, and also foster new and existing client relationships.”

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