Need 5M 6 Months @ Sub 1.15
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  1. #1
    Senior Member Reputation points: 16709
    Join Date
    Jul 2014
    Location
    Jackson Hole Wy
    Posts
    730

    You will be hard pressed to fine 15% cost on funds. Even with real estate hard money you will be 10-15% depending on the deal. Best bet if they have AR is Kevin but most likely he will want to be in the deal longer than 6 months.
    Good luck with your merchant set him straight

  2. #2
    Senior Member Reputation points: 340558
    Join Date
    Mar 2015
    Location
    Boynton Beach
    Posts
    3,501

    Quote Originally Posted by omegafund View Post
    You will be hard pressed to fine 15% cost on funds. Even with real estate hard money you will be 10-15% depending on the deal. Best bet if they have AR is Kevin but most likely he will want to be in the deal longer than 6 months.
    Good luck with your merchant set him straight
    Hi Omega-Thanks for the kind words. We typically like to be in a deal i minimum of 12 months, but have done shorter deals for the right clients.

    Sub-15%......not a problem.
    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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