Hi DF,

As many of you know Seacoast Business Funding is a division of Seacoast Bank. We offer flexible working capital solutions in the forms of factoring and asset based lines of credit. We are unique in the market as we are bank owned, but can still finance challenged companies.

While many of you are hibernating for the cold winter months, many manufacturers of boating products are thinking about the spring and hoping that 2018 is a banner year. Many of these companies were devastated during the economic downturn. The ones that survived are still facing challenges: not able to obtain tradition lines of credit, little or no terms with critical vendors, and customers that are slow to pay-N30 terms become N50.

We love niche' manufacturers in the boating industry. We won't finance the manufacturers of the vessels themselves, but will finance companies that manufacturers products that go on the boat or around the boat: gear, accessories, safety equipment, electronics, hardware, etc... We will also consider wholesalers that sell into the market. We also like water sports equipment and accessories manufacturers (paddle boards, water skis, fishing gear, etc...)

Our ideal client:
-Anywhere in the US
-Selling to large retailers or other manufacturers
-Manufacturers and wholesalers
-Revenues: $2Mil to well over $200Mil
-Facility Need: $250K to well over $20Mil

I hope this sparks some ideas!

Best,

Kevin