Metropolitan Capital selects Solifi Asset Based Lending

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Solifi ABL provides foundation for SMB access to working capital solutions supporting economic recovery as local markets begin to reopen

Solifi (forfmerly IDS), a leading provider of enterprise mission-critical solutions for secured finance announced today the Metropolitan Capital Bank & Trust has selected Solifi Asset Based Lending software to support their small to medium business customers access to working capital through an easy to use technology platform. The selection of Solifi ABL (formerly Stucky ABLM) aligns with the bank’s strategic focus to support its customers through innovative finance solutions supported by best-in-class technology.

“Metropolitan Capital has an eye on the future,” stated Kimberly Haney, EVP & Head of Credit Administration. “We consider our partnership with Solifi to be a part of our strategic plan to expand our abilities to service our clients. When we made the decision to enter the ABL market, we decided to partner with the best. Solifi has a long history of being the leading provider of ABL collateral management services. We look forward to many years of working with Solifi.”

Metropolitan Capital is a full-service boutique Universal Bank providing comprehensive, innovative and highly customized solutions for small to medium-sized businesses and their stakeholders through private banking, wealth consulting, commercial banking, and investment banking services. The bank’s differentiated business model focuses upon enabling clients to grow their businesses and achieve their long-term financial goals through a single, integrated platform. For additional information, visit www.metcapbank.com.

“Solifi is excited to be working with the innovative team at Metropolitan Capital,” commented David Hamilton, CEO of Solifi. “We recognize small to medium businesses are core to both local and global economies which is why we work hard to make our solutions scalable and accessible to meet the demands of all financing firms and their customers. Partnering with forward-looking banks like Metropolitan Capital has been central to our continued success and further reinforces our ability to drive value for customers across the secured finance spectrum.”

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