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07-25-2018, 03:34 PM #1
Reputation points: 54989
- Join Date
- Dec 2013
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- 4,713
I cant comment about other funders... we look at the deal based on the specific-cash flow. seems like will come out very strong ..you'll have offer in hour or so and contracts back-in will fund today!
In fact from the dozens of deals will fund today many were ONLY first sent to us today! youll have commission before weekend !Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
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Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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07-25-2018, 03:56 PM #2
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07-25-2018, 03:58 PM #3
My manager has offered this guy factoring. Does not want it
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07-25-2018, 04:03 PM #4
Reputation points: 242074
- Join Date
- Feb 2017
- Posts
- 3,463
He can qualify for an ABL with the right lender, which won't need notification.
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07-25-2018, 04:10 PM #5
Reputation points: 341293
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
I scratch my head with this all the time..... Why would a business owner chose a more expensive and non revolving facility to finance working capital. Finding an ABL facility with a $250K minimum might be a challenge as most true ABL lenders start at $1Mil minimums. If it is found, the rates may be as high if not higher than a bank owned factor like us. They won't require notification, but will require dominion of cash-lock box. There are some out there that provide factoring where notification is soft and the company will manage collections so there is very little interaction with the customers. Happy to chat about it.... There is a better way ....
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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07-26-2018, 06:04 PM #6
Marcus My client is not in the market for 1.49 rates 4 month terms. Seems to be the case with most of your offers
Last edited by brokerCompany; 07-26-2018 at 06:13 PM.
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07-26-2018, 07:27 PM #7
Reputation points: 107104
- Join Date
- Aug 2016
- Posts
- 831
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