About the Promontory Local Credit Solution
Promontory Local CreditSM is a specialized small business lending solution that provides second lien loans designed to meet the needs of community banks and their borrowers. By using the Promontory Local Credit lending solution, banks can increase the total amount of capital available to their customers; for example, in situations where a borrower may have ample cash flow, but limited collateral.
Promontory Local Credit was established in collaboration with founders of Promontory Interfinancial Network, LLC, a trusted partner chosen by 3,000 financial institutions nationwide, including more than 40% of banks currently in the United States. In connection with the Promontory Local Credit lending solution, PLC Fund Advisors, LLC receives certain services from Promontory Interfinancial Network, LLC.1
1. Although PLC Fund Advisors, LLC (“PLC”) receives certain services from Promontory Interfinancial Network, LLC (“Promontory Network”), PLC is not an affiliate of Promontory Network. Promontory Network is not a lender and makes no warranties or representations concerning any loan.