Hi DF,

As you know were a a bank owned factor and asset based lender. Because we are bank owned we have a very low cost of funds and can offer clients other services finance companies cannot. We can work with challenged companies: customer concentrations, balance sheet issues, tax issues, and even up to and including DIP financing.

We are having a very busy summer and I thought I would share what industries we are actively financing. Staffing.....love staffing and Food, especially produce. We are also active in other industries such as niche' manufacturing, distribution, cell tower services, and business services. Staffing and Produce are the most active right now.....

Our ideal client:
-Based anywhere in the US
-Revenues: $2Mil to $150Mil
-Facility need: $250K to well over $15Mil
-Factoring or ABL lending agreement with one of our competitors-Chances are we will offer a larger more flexible facility, can include inventory and M&E, and significantly reduce their financing fees.

Example: We recently closed factoring facility for a 10Mil revenue Company that was factoring with a competition. The Competitor was charging 2% every 30 days and advancing 87% on AR. We offered a larger facility, advance rate of 93%, and cut their rate in more than half. They also moved their operational accounts to the bank and are saving on wire charges.

Best,

Kevin

Kevin.Henry@SeacoastBF.com