Stride Bank Funded on a $15 Million Credit Facility to Help Pipeline Inspection Company Manage Cash Flow, Sourced Through Jack Henry's Accounts Receivable Financing Program

Stride Bank Funded on a $15 Million Credit Facility to Help Pipeline Inspection Company Manage Cash Flow, Sourced Through Jack Henry's Accounts Receivable Financing Program
Bank to help local business recover from the pandemic, create additional revenue opportunities
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MONETT, Mo., April 29, 2021 /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 $1.1 billion-asset Stride Bank has successfully leveraged its accounts receivable (A/R) financing program, BusinessManager
®, to help a major third-party pipeline inspection company fund its re-growth and expansion into new markets. Through its partnership with Jack Henry, the bank was able to fund a $15 million credit facility for the business.

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