Contact

99 Park Avenue
New York City, NY 10043

P: (212) 559-1000
F: (212) 793-3946
W: https://www.citicards.com/cards/wv/html/cm/business/index.html

Management

  • Mr. Shapleigh Smith: Managing Director
  • Michael L. Corbat: Chief Executive Officer and Director
  • James A. Forese : Co-President
  • Manuel Medina-Mora: Co-President
  • John C. Gerspach : Chief Financial Officer

Summary

As the consumer banking arm of financial services giant Citigroup, Citibank brings more than 200 years of commercial and consumer banking experience to 160 countries and territories worldwide.  Asset-based lending is one of a wide variety of services the bank provides its enterprise customers. The bank engages in these types of asset-based funding:

  • Accounts receivables lending, in which customers typically receive a maximum of 90 to 95 percent of the original invoice value. 
  • Purchase order financing
  • Trade finance
  • Inventory finance 
  • Invoice and credit approval support (back-office credit management services)
Through various finance divisions worldwide, Citibank provides asset-based funding to corporate customers. Usually, purchases are limited to $1 million or more per invoice; fees are usually 1 to 3 discount points. Recent facilities ranged from $1 million for a US-based exporter to a $100 million syndicated facility in Indonesia.

Size of Loans

  • $1,000,000 - $5,000,000
  • $5,000,000 - $15,000,000
  • $15,000,000 plus

Available Financing

  • Accounts Receivable Financing
  • Factoring Non-Recourse
  • Import/Export Factoring
  • Purchase Order Financing
  • SBA Loans

Industries

  • Energy
  • Manufacturing
  • Other
  • Technology

Recent Transactions

BorrowerIndustryAmount (M)QuarterYear
Southwest AirlinesProvider/Transportation1000.022013
Pacific DrillingContractor/ultra-Deepwater Drilling1000.012013
ResverlogixOperator/Cardiovascular Company25.032012
Verso Paper HoldingsProducer/Coated Papers200.022012
EbixSupplier/On-Demand Software, E-Commerce Services100.022012
Freescale SemiconductorProvider/Embedded Processing Solutions500.012012
KKR Financial HoldingsPublicly Traded Specialty Finance Company210.022010
Harsco CorpProvider/Industrial Services570.042009
HIOSSEN IncProducer/Surgical Dental Implants16.032009
Globecomm Systems IncProvider/Satellite-Based Communications Solutions50.012009
RTI International Metals, Inc.Producer/Titanium Mill Products, Metal Components240.042007
PowerSecure International, Inc.Provider/Energy Management, Conservation Solutions25.032007
Photronics, Inc.Manufacturer/Photomasks125.022007
Nu Horizons Electronics Corp.Distributor/Semiconductor components150.012007
Tenet Healthcare CorporationOperater/Acute care hospitals800.042006
Tengasco, Inc.Provider/Gas Services50.032006