VersaBank Expanded Small Business Financing to U.S.
The bank is opening its structured receivable program to U.S. small business lenders to increase available credit funding.
Updated on Sept. 22, 2026 in Banking
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VersaBank has officially expanded its Structured Receivable Program to the United States small business sector. The move aims to fill an unmet financing need for U.S. small business loan and lease originators.
Why it matters
By extending its proprietary lending technology to the U.S. market, the bank is seeking to facilitate faster access to capital for small business originators. This expansion aims to address a gap in financing options for these specific financial entities.
The bank targets at least US$3 billion in additional U.S. Structured Receivable Program fundings next year. This expansion is designed to more than double the bank's current U.S. market opportunity.
The players
VersaBank
A financial institution headquartered in London, Ontario, that provides digital banking services and specialized structured receivable funding.
The details
VersaBank utilizes proprietary banking technology to evaluate partner loans on an individual basis, enabling lenders to finance loan originations within hours. While the bank has provided similar support to the Canadian small business sector since 2010, its U.S. operations had previously been restricted to the retail consumer sector. The new program is intended to provide a steady stream of capital to U.S. small business loan and lease originators.
Timeline
2010: VersaBank began small business sector services in Canada.
August 2024: VersaBank introduced its SRP solution to the U.S. market.
September 22, 2026: The bank expanded its SRP to the U.S. small business sector.
Money Landscape
This move mirrors the operational model used in Canada since 2010 to scale business credit. It represents a significant shift for the bank as it attempts to replicate its established foreign lending strategy in the U.S. market.
Small business loan originators in the U.S. may now have access to a new funding source for their portfolios. Business owners seeking loans should consult with a qualified financial professional to determine if their lender is integrating new capital partners.
The takeaway
The expansion introduces a new capital provider for U.S. small business loan originators looking to improve their financing speed. Business owners should keep an eye on how increased liquidity from these programs might impact loan availability and terms from their specific lenders.
Further reading
Learn more about current trends in corporate credit and institutional lending in our Banking section.
Source note: This article includes information reported by The Kingston Whig-Standard.
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