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03-01-2018, 12:03 PM #1Member
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Loan needed using inventory as collateral
I have a furniture company looking to utilize their current inventory (worth about $250,000) as collateral to borrow $100,000 to purchase another business.
What direct lenders would be able to get this done? Borrower's FICO is 590
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03-01-2018, 12:10 PM #2Member
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- Aug 2017
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- 39
I have an investor that specializes in inventory factoring. We can take a look at this for you today. Give me a call 646-693-2075.
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03-01-2018, 12:27 PM #3Senior Member
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Pardon my ignorance.....what the hell is inventory factoring?
Originally Posted by Kevin Franklin
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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03-05-2018, 01:36 PM #4Senior Member
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my thoughts exactly...can you explain what inventory factoring is?
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03-05-2018, 03:15 PM #5Senior Member
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How about inventory leasing?
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