Hey DF,

As most of you know..... We are Seacoast Business Funding, a division of Seacoast National 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. Since we are bank owned we have a low cost of capital and can provide services most finance companies cannot while still working with challenged companies or companies in transition. Most of you also know that we can provide facilities as small as $250K and go up to well over $30Mil. We can be a lot more cost effective than most finance companies on the smaller facility needs, but we really knock it out of the park when there is a large facility need and the company is in an industry we know well. Most finance companies cannot provide facilities in excess of $10Mil which means if your client is growing quickly, they could potentially outrun their lender. That being said..... We love large deals. Our ideal client:

-Based anywhere in the US selling products or services to commercial customers or government agencies.
-Revenues: Larger deals $50Mil to well over $300Mil
-Facility need: $5Mil to $50Mil
-Facility can include: Receivables, Inventory, and M&E....like most ABL lenders we will always lead with AR.
-Industries: Staffing, Business Services, Government Contractors, Security Guard Companies, Niche' Manufacturing and Distribution, Niche' Transportation, and Consumer Products...especially food and beverage.

Yes-we pay up to 15% of net spread over the life of the client.

We listen first and move fast!

Best,

Kevin