SunTrust recently announced a nationwide expansion of its Aging Services/Senior Living Industry Practice Group. Previously, the group was only available in select regions, the bank said.
The goal is for senior executives to seek out SunTrust for services such as capital for construction, equipment and service offerings to companies and help with managing the working capital cycle.
“We saw an opportunity to fulfill our purpose of advancing financial well-being by addressing the needs of many senior housing providers and communities nationwide who are underserved and require access to capabilities beyond just a traditional bank loan,” said Jason Cagle, the head of commercial banking at SunTrust.
