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  1. #1
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,318

    Quote Originally Posted by kevinhenry0527 View Post
    Bank,

    I don't think anyone is doubting his ability to do a transaction..... I am sure that he can provide a solution for the Company and complete a transaction. All I am suggesting is that there might be better options available for the Company.

    Best,

    Kevin
    Yeah, literally almost any funder can get this done. But this guy has no business getting an advance -- especially of the 1.48 variety.

  2. #2
    Senior Member Reputation points: 341293
    Join Date
    Mar 2015
    Location
    Boynton Beach
    Posts
    3,508

    So...Let's recap this tread....
    -BigFilesNOBS asks if anyone can provide a facility for a $15Mil Company. I replied saying that we could entertain a facility for a company of that size, pricing would be very competitive, and the size would not be a problem. I offered my direct line and e-mail....crickets.
    -Marcus chimes in because that's what Marcus does and we all love him for that....
    -JaySamson states he is a direct "lender" and can do a deal like this.... no problem. I questioned if he in fact is a direct "lender" and he said yes.
    -Meanwhile somebody from JaySamson's company calls me asking if we can provide a facility for a much larger company than the one referenced in this post and I said we would certainly like an opportunity to explore the deal and sent a referral agreement.
    -10 other people chimed in with comments about who can do what and who can't.
    -Nothing was ever sent to the Company that can actually do deals of this size.

    Yep-Par for the course.....
    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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