Hey DF,

It's been a somewhat busy summer.... Most of you know we are Seacoast Business Funding, a division of Seacoast Bank. We provide working capital solutions in the forms of factoring and asset based lines of credit. We are a division of a bank which has some distinct advantages in the market: lower cost of funds, can offer other bank services, and a suite of bank and non-bank credit products. We can and will work with companies that have been declined by their bank or who are not getting enough liquidity on their credit facilities.

Here is a list of some industries where we have been active over the last few months:
-Staffing-We love the industry and you will be hard pressed to find any finance company that will outperform us here.
-Distribution and manufacturing-We have financed several fastener companies the last few months. Some were manufacturers and others distributors of nuts and bolts.
-Food and beverage-We have been baking lately. We have provided facilities or a few commercial bakeries.


Our ideal Client:
-Based anywhere in the US selling products and services to commercial customers or government agencies.
-Revenues: From $1.5Mil to well over $300Mil
-Facility Need: $250K to well over $25Mil.

Yes-we pay referral fees and love our referral partners. I have referral partners that referred us companies years ago that are still collecting commissions. You get commissions for the life of the client. If they renew their facility with us...so do you.

Best,

Kevin