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Asset Based Lending
Integrated payables streamlines the payment process by giving you the ability to send vendor payments in a single, secure online payment file from your accounting system to Northrim, which then processes and executes payments by ACH, check, virtual card (vCard) or wire on your behalf.
We will work with your vendors to set them up to accept ACH and vCard payments to reduce payment-processing times and give you a real-time view of your cash flow.
Virtual cards allow Northrim to issue a specific card number for one-time use to your vendors, for a specific value. Not only is this a highly secure method, vCards may come with the added benefit of monthly revenue share.
Customers that would like to include the payment method of vCards will be required to be a customer of our Commercial Purchase Card program.
When Northrim processes payments for you, there is no need for check printing soft and hardware, check paper stock or special fonts and ink. you can also save on the cost of postage — the integrated payables service provides address cleansing and postal sorting, resulting in the lowest possible postage costs.
For more details about integrated payables and its benefits, please contact the Treasury Management team at (907) 562-0062 or email@example.com.
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Do you have an existing PPP loan with Northrim Bank?
Are you applying on behalf of an Alaska-based business?
Thank you for your interest. At this time Northrim is only accepting applications for businesses based in Alaska. Please contact your local financial institution to apply for this program.