Results 1 to 12 of 12
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02-26-2018, 01:41 PM #1
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- Jan 2014
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Who can factor in A/R when pricing a deal
I have a Merchant with $1.5 million in A/R coming in the next 10 months ($120,000 in next 30 days).... he does over $100K in deposits on odd months, and like $40K-$60K for even months....(so like $70-75K averaged out)....has a first with a $50k balance....I have $40,000 offer, need to go a little higher; my question is-which Lender, if any will take the A/R (again, it is $120,000 for March I have the report) into account while pricing it out?
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02-26-2018, 01:51 PM #2
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- Mar 2015
- Location
- Boynton Beach
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- 3,508
JSL,
What industry? Why does the prospect have 10 month terms? Terms on invoices rarely go over 90 days.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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02-26-2018, 02:16 PM #3
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- Jun 2017
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- 2,049
Im assuming it is long term contracts, i cant see him having 10 month invoices
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02-26-2018, 03:33 PM #4
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- Jan 2014
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- 283
I believe it's because it is from a few different clients who he has an ongoing, long term relationship with them...next 30 days is definitely $120K though
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02-26-2018, 03:35 PM #5
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02-26-2018, 03:47 PM #6
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- Jun 2017
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- 2,049
Simply takes into account AR
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02-26-2018, 03:48 PM #7
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- Jun 2017
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- 2,049
Who do you have that 40k Offer from now?
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02-26-2018, 03:52 PM #8
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- Mar 2015
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- Boynton Beach
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- 3,508
JSL-Happy to look from a factoring perspective. Kevin.Henry@SeacoastBF.com
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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02-26-2018, 04:00 PM #9
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- Jan 2014
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- 283
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02-26-2018, 05:29 PM #10
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- Jan 2016
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02-26-2018, 05:43 PM #11
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- Dec 2016
- Location
- Brooklyn N.Y.
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- 428
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02-27-2018, 02:24 PM #12
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- Jan 2014
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- 283
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