[Kevin Henry-Seacoast]

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,

Kevin

[kevin85k]

In a separate business that I own I sell products to the farming industry. Its a huge market. A lot of growers don't realize they qualify for grants through the government. But its not enough to help with their seasonal crops. Since farmers "growers" Are really seasonal how are your rates? All growths are feast or famine

[Kevin Henry-Seacoast]

In a separate business that I own I sell products to the farming industry. Its a huge market. A lot of growers don't realize they qualify for grants through the government. But its not enough to help with their seasonal crops. Since farmers "growers" Are really seasonal how are your rates? All growths are feast or famine

Happy to schedule a call.