Overview:
Since 1995, SPECTRUM Commercial Services Company, headquartered in Minneapolis, Minnesota, has been providing commercial financing solutions to businesses experiencing unique challenges making them unsuitable for traditional bank financing. SPECTRUM offers Asset-Based Loans ranging from $500,000 to $4,000,000 and Accounts Receivable Financing for businesses needing from $100,000 to $4,000,000. SPECTRUM's continued success is based on our philosophy of honesty and integrity in approach, creativity, and unsurpassed excellence in customer service. SPECTRUM was originally launched in 1995 as a division of Schwan's Sales Enterprises, a worldwide leader in food service and a billion dollar player in equipment leasing and commercial finance. In 2000, Schwan's sought to increase its food service investments by selling its nine commercial finance divisions to U.S. Bancorp, the nation's 8th largest bank holding company. SPECTRUM, the only non-leasing division sold, was not a long term strategic fit for U.S. Bancorp. In March of 2001, Brian J. Van Nevel and Steven Lowenthal, long time members of the SPECTRUM Executive Team, led a management buyout of SPECTRUM from U.S. Bancorp. The entire SPECTRUM team was retained in the buyout and today SPECTRUM is poised to continue its growth in the asset-based lending and accounts receivable financing arenas that it has served since 1995. Brian J. Van Nevel and Steven Lowenthal, as Co-CEOs of SPECTRUM , are excited to continue our long tradition... |
