The Bank of Missouri Funds $40 Million Loan to Help Food Services Business Manage Cash Flow During Pandemic, Sourced Through Jack Henry's A/R Financing Program
Jack Henry & Associates, Inc. (JKHY)
Last jack henry & associates, inc. earnings: 2/4 04:11 pm
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Source: PR Newswire
MONETT, Mo., Sept. 1, 2020 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Today, Jack Henry Lending announced that The Bank of Missouri has successfully leveraged its accounts receivable (A/R) financing program, BusinessManager®, to help a major regional food services business manage cash flow during the pandemic. Through its partnership with Jack Henry, the bank was able to fund a $40 million loan for the business, the largest line of funding fulfilled through the program to date. A large food services business came to The Bank of Missouri last year looking for a nontraditional loan to help improve cashflow and support its ongoing growth. While this business originally considered other options, it ultimately decided to receive financing through the bank through BusinessManager because of the program's predictable cashflow, speed of funding, and so
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JKHY
News
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- Jack Henry & Associates to Provide Webcast of Third Quarter 2024 Earnings CallPR Newswire
- Jack Henry & Associates, Inc. (NASDAQ: JKHY) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
JKHY
Earnings
- 2/6/24 - Beat
JKHY
Sec Filings
- 3/22/24 - Form 8-K
- 3/11/24 - Form 8-K
- 2/13/24 - Form SC
- JKHY's page on the SEC website