Results 1 to 8 of 8
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05-30-2017, 02:08 PM #1
$400k LOC
Hey Guys,
I haven't messed around in the Line of Credit world so I am unsure where to turn on this one. I have very basic info at this point. He's done future receivables funding and all though he has nothing bad to say about it he will not go that route again as they only did it in a time where things got tough. Looking for a home for this deal let me know if you are interested or know someone who may be.
Manufacturing Company
15MM in annual sales
750 credit (according to him)
Looking for $400k line of credit
I know this is limited, I will dig more into it once I know I have a potentially viable option for him.
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05-30-2017, 02:11 PM #2
Reputation points: 338677
- Join Date
- Mar 2015
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- Boynton Beach
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- 3,485
We offer factoring and asset based lines of credit. Chances are with 15Mil in revenue we could provide a pretty decent sized revolving facility. Kevin.Henry@SeacoastBF.com
www.seacoastbf.com a division of www.seacoastbank.comKevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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05-30-2017, 02:34 PM #3
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05-30-2017, 02:44 PM #4
Reputation points: 338677
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,485
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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06-01-2017, 09:11 AM #5
Reputation points: 4530
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Hi. I think we may be able to help him.
Bob Sha W
Rshaw@ironhorsecredit.com
7e4-929-3800
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06-01-2017, 09:58 AM #6
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
If Kevin's firm does not like the deal there are several non notification firms out there- as long as the payers are credit worthy and the client is not pre-billing.
In most instances the credit facility will need dominion of cash (a lockbox), however there are some partner lenders we work with that will rely on management reports.
Touch base should you need assistance..
RG 516 510 3855
rg@businesscapitalconsultants.com
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06-01-2017, 11:28 AM #7
Reputation points: 227882
- Join Date
- Feb 2017
- Posts
- 3,429
I can set you up with the people that CAN do this.
Regular LOC, not factoring.
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06-01-2017, 12:06 PM #8
Reputation points: 338677
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,485
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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