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07-01-2018, 03:36 PM #1Member
Reputation points: 10
- Join Date
- Oct 2013
- Location
- San Angelo,Texas
- Posts
- 11
IT Company Factor
$1,000,000 a month accounts receivable fortune five hundred companies.
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07-01-2018, 04:14 PM #2Senior Member
Reputation points: 227883
- Join Date
- Feb 2017
- Posts
- 3,451
Pre-billing or post-billing?
IT companies normally pre-bill.
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07-02-2018, 08:07 AM #3Senior Member
Reputation points: 340530
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,497
Hi Stevefis,
Originally Posted by stevefis
Is the Company providing staffing and tech service that are billed in arrears? If so, we love these companies. Kevin.Henry@SeacoastBF.comKevin 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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07-03-2018, 06:49 AM #4Senior Member
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
If the IT Company is billing in advance we work with several Direct Lenders that like 'sticky' revenue. They typically however prefer principal and interest instruments rather than IO- because of the recurring revenue. If their billing is in arrears I suggest packaging the file appropriately and contacting Kevin.
Richard
rg@businesscapitalconsultants.com
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