Question.. Do funders really fund million dollar deals?
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  1. #1
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    Quote Originally Posted by Chambo View Post
    the bigger issue is "why?"

    Why risk $1 million on one deal, when you could spread that out over dozens of deals ?
    That $3M default to SFS is a good example.

  2. #2
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    I know we are a different product than MCA, but I would rather do larger deals. I have to do the same amount of work for a $8Mil facility as a $250K facility. Typically the smaller the company the greater the and unreliable financial reporting. Upstream tends to be a little more buttoned-up, but I have seen a fair amount of dumpster fires lately.
    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

  3. #3
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    Quote Originally Posted by kevinhenry0527 View Post
    I know we are a different product than MCA, but I would rather do larger deals. I have to do the same amount of work for a $8Mil facility as a $250K facility. Typically the smaller the company the greater the and unreliable financial reporting. Upstream tends to be a little more buttoned-up, but I have seen a fair amount of dumpster fires lately.
    What type of loans do u do?

  4. #4
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    Quote Originally Posted by ryan $ View Post
    What type of loans do u do?
    Ryan,

    Factoring and Asset Based Lines of Credit.
    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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