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12-14-2018, 02:55 PM #1
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,484
The Economy and Market
I was out this morning for a monthly breakfast with come capital markets professionals in Palm Beach County . One is a corporate banker, another is a bankruptcy/corporate attorney, and the other is accountant that has a ton of lower and middle market clients. All in the group are extremely well respected professionals in the community. We all have noticed some changes in the economy/market in the last few months. Keep in mind, South Florida tends to see the bottom and top of economic cycles sooner than a lot of other markets.
-In general....companies are not showing the growth they were earlier this year or last year.
-Bankruptcy filings are increasing. There was a very large BK announced in our market recently.
-Companies are not using their lines of credit and are requesting lines to be lowered.....they are not borrowing due to slower growth.
-Large national banks are not as aggressive as they were a few months ago. They would rather syndicate a deal than do the whole deal themselves-less risk.
-Regional Banks are getting more and more selective.
All of this is a direct result of slower growth in our market.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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12-14-2018, 03:03 PM #2
- Join Date
- Oct 2016
- Posts
- 4,318
Absolutely noticed the same. Storefronts or marginal businesses are closing up. Housing on the west coast (and cities nationwide) is beginning to get hammered.
I bet we’re 3-6 months into the recession. If I’m correct, NBER said the last recession began in Dec 2007, but the stock market rallied into late summer 2018 before the bottom collapsed in Sept-Oct 2018.Last edited by WestCoastFunding; 12-14-2018 at 03:06 PM.
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12-14-2018, 04:25 PM #3
- Join Date
- Jun 2014
- Posts
- 541
The benchmark spread between the 10 yr and 3mo Treasury has yet to invert, but part of the Treasury curve did recently invert. Clouds are definitely on the horizon for 2019-
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12-18-2018, 10:29 AM #4
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 474
The insight in this thread is appreciated...
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12-19-2018, 02:39 PM #5
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,484
Just received a publication filled with companies that are struggling...... Hell...even this! https://www.advocate.com/youth/2018/...rge-bankruptcy
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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12-19-2018, 02:40 PM #6
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,484
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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12-20-2018, 04:42 PM #7
- Join Date
- Mar 2016
- Posts
- 904
ty for the info - more threads like this please.
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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12-20-2018, 04:50 PM #8
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,484
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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05-02-2019, 05:32 PM #9
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 463
Bump
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