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04-18-2019, 04:01 PM #1
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,502
Produce
Hey DF,
Financing a produce company can be very tricky because of PACA. A lot of lenders, factors, and finance companies avoid the industry because they have bad experiences. Most of the bad experiences were caused because they truly did not understand the industry and did not have a grasp on PACA.
We have experience financing produce companies and understand PACA. Our ideal client:
-Based anywhere in the US. There are a lot of these companies in Florida, Texas, and California.
-Company either grows their own product, contracts grower to grow product for them with PACA rights waived, or buys from grower in cash.
-Sells products to large food distributors, big box stores, or government institutions.
-Revenue from $3Mil to well over $300Mil.
-Facility need from $500k to well over $30Mil.
Yes-We gladly pay referral fees to our referral partners.
Yes-We are a factor/ABL lender that is a division of a bank.
Yes-We move fast. All our credit decisions are made within our division.
Yes-We can work with challenged companies or companies in transition.
Best,
KevinKevin 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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