Results 1 to 8 of 8
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01-03-2019, 11:38 AM #1
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Looking for +500k, TIB 7 months with high sales
Client has been in business for 7 months, in that time he has done over 9MM in sales.
In the last 3 months banks he has done over 1MM a month, prior to that his low is around 500k.
Which direct lenders are able to fund in this range with only 7 months TIB?
Client listed industry as Electronics Wholesaler.
Thank you
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01-03-2019, 11:56 AM #2
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01-03-2019, 11:59 AM #3
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Is he a wholesaler with stock, or is he drop shipping?
I can introduce you to a few A/R lenders who can get this deal done if his accounting is done right.
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01-03-2019, 12:43 PM #4
Reputation points: 340530
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- Mar 2015
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$9Mil in sales equates to over $1Mil in AR even if their terms are N30. We could potentially finance their receivables and include inventory if the inventory is monitored by an inventory system internally or by a third party. Happy to take a look..... Kevin.Henry@SeacoastBF.com 561-623-1872 is my direct.
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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01-03-2019, 12:56 PM #5
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- Dec 2014
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- Quogue, NY
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Kevin is your best bet here- if he can't do it he can likely point you in the right direction
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01-03-2019, 12:59 PM #6
Reputation points: 340530
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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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01-03-2019, 01:17 PM #7
Reputation points: 503040
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- Oct 2016
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01-03-2019, 02:43 PM #8
Reputation points: 8592
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- Oct 2014
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