[aak723]

Hi there: this one is related to my last post. Please pardon the multiple posts as I’m trying several ways to solve the same problem. I started a new business unit importing in large commercial products to be resold in the American market.

My offshore credit line is already in place but now I need a takeout factoring company to finish the last part of the transaction when the products are on shore and delivered to American customers.

The issue is that the customers are ghosts on DNB and Experian. By the same token each customer is an established firm going back 30 years in business and in turn are suppliers to the Islanders, Mets, Cubs, etc.

As bank lines will reject the transaction I need someone who is lending private money and isn’t on a rigid credit model tied to a warehouse line.

Email me directly. No PMs please

[Kevin Henry-Seacoast]

Hi there: this one is related to my last post. Please pardon the multiple posts as I’m trying several ways to solve the same problem. I started a new business unit importing in large commercial products to be resold in the American market.

My offshore credit line is already in place but now I need a takeout factoring company to finish the last part of the transaction when the products are on shore and delivered to American customers.

The issue is that the customers are ghosts on DNB and Experian. By the same token each customer is an established firm going back 30 years in business and in turn are suppliers to the Islanders, Mets, Cubs, etc.

As bank lines will reject the transaction I need someone who is lending private money and isn’t on a rigid credit model tied to a warehouse line.

Email me directly. No PMs please

A good place to start without going the private lending route is too see if you can get credit insurance on the debtors. More than likely their current factor was able to do so hence the reason they are financing the receivables. There are several insurance companies out there...

Alternatively.... We should maybe look at this opportunity to see if we can provide a more cost effective factoring solution or an asset based line of credit.

[aak723]

A good place to start without going the private lending route is too see if you can get credit insurance on the debtors. More than likely their current factor was able to do so hence the reason they are financing the receivables. There are several insurance companies out there...

Alternatively.... We should maybe look at this opportunity to see if we can provide a more cost effective factoring solution or an asset based line of credit.

Kevin: that’s a great idea. Let’s chat.

[Kevin Henry-Seacoast]

Kevin: that’s a great idea. Let’s chat.

I just left a voice mail on your cell. Give me a call at the office. My direct is 561-623-1872.