Results 1 to 3 of 3
Threaded View
-
06-20-2018, 11:03 AM #1
- Join Date
- Mar 2015
- Location
- Rock Ridge
- Posts
- 3,461
Produce
Hey DF,
Most of you know we are Seacoast Business Funding, a division of Seacoast Bank. We offer flexible working capital facilities in the forms of factoring and asset based lines of credit. We partner with companies in a variety of industries except construction and healthcare services. We are unique in the market as we are bank owned, but can still work with challenged credits or companies in transition.
I was just reading an article published this morning that could cause some working capital issues for produce growers and distributors. A major end customer/retail chain is going to N90 terms with all suppliers. This is interesting on a bunch of levels.
-The retailer is very large and buys produce from many sources.
-Forcing suppliers past N30 terms kills PACA trust requirements.
-N90 is going to put a working capital strain on growers and distributors.
-A host of finance companies cannot go past N60 for any customers even if they are a large, good credit.
We like the produce industry and understand PACA. Our ideal client:
-Grower or contract growers based in the US selling to mainly US customers.
-Revenues from $2.5Mil to well over $300Mil.
-Facility need from $500k to well over $30Mil.
Best,
KevinHedley Lamarr......That's Hedley
Similar Threads
-
Produce
By Hedley Lamarr in forum PromotionsReplies: 0Last Post: 05-24-2018, 02:59 PM -
Produce
By Hedley Lamarr in forum Everything elseReplies: 0Last Post: 07-24-2017, 05:17 PM -
produce company 4th position
By alibaba in forum Deal BinReplies: 5Last Post: 06-16-2015, 06:25 PM -
Who can fund a (produce) farm?
By andrewmfa in forum Deal BinReplies: 5Last Post: 01-09-2015, 09:29 PM