Results 1 to 6 of 6
Hybrid View
-
06-14-2017, 04:10 PM #1
- Join Date
- Jan 2014
- Posts
- 1,378
Factoring, PO Financing, Inventory Financing
Are their any lenders that would be in second position in any of these types of lending?
-
06-14-2017, 04:16 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
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
-
06-16-2017, 03:22 PM #3
- Join Date
- Jan 2014
- Posts
- 1,378
-
06-16-2017, 04:31 PM #4
- Join Date
- Mar 2017
- Posts
- 37
We will Factor behind a Bank loan in a second position. If I can assist you please let me know.
Kevin Sampson
Capital Solutions Bancorp
http://capitalsolutionsbancorp.com
ksampson@capitalsolutionsbancorp.com
706-745-8435 Office
561-436-5883 Cell
-
06-14-2017, 04:26 PM #5
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
I would suggest checking the factoring agreement and what assets are involved. Many times finance companies can only finance the AR or the advance rate is not that great. We have been known to get creative with AR advance rates to get people over the hump if it makes sense. We have the ability to finance AR, Inventory, and M&E. We will always lead with AR. Another thing to consider is cost. We typically provide much more cost effective facilities for the clients. We closed a deal recently where the Company was paying 22% and we did the deal at 9.5% saving the Company in excess of $200K/Year in factoring fees. The extra liquidity on assets and cost savings from fees equals more liquidity and profitability. Oh....and you will make more money than just stacking a loan on top of another lender.
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
-
06-16-2017, 03:41 PM #6
- Join Date
- Jan 2016
- Posts
- 435
In most situations the factor will want to be 1st pos
Similar Threads
-
Inventory Financing
By Increment1 in forum Deal BinReplies: 6Last Post: 06-22-2016, 07:18 PM -
Inventory Financing?
By Triton in forum Deal BinReplies: 9Last Post: 11-12-2015, 06:19 PM -
Inventory Financing
By helpinghand in forum Deal BinReplies: 2Last Post: 08-07-2015, 11:44 AM -
Inventory financing?
By helpinghand in forum All Other LendingReplies: 2Last Post: 06-29-2015, 02:29 PM -
PO Financing/Factoring
By skideeppow in forum Merchant Cash AdvanceReplies: 18Last Post: 08-08-2013, 03:44 PM