DF,

We issued a few proposals this week that will likely close in early June. I thought I would share some insights on how we are helping the clients.

-Issued a $2mil factoring facility for an East Coast staffing Company. The Company is growing rapidly and needs a larger more cost effective facility. They are currently factoring with one of our competitors. We offered them a larger facility, a much better advance rate, and they will save well over 50% on their factoring fees. They can also switch their operating accounts to our bank so they can save on the wire fees being charge between their lock-box and operating account.

-Issued a $750K factoring facility for a specialty transportation business. Again....we offered a better advance rate, they will save over 60% in factoring costs, and they are moving operating accounts to the bank. The cost saving allows the company to add two more trucks to the business which will allow them to take on more work from their largest customer.

Best,

Kevin

Kevin.Henry@SeacoastBF.com