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05-08-2019, 01:23 PM #1
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
Defaults
Hi DF,
There have been several posts lately about defaults and I have received a lot of calls/e-mails regarding companies that have defaulted on loans, factors, and advances. Hell, I have even seen a company default on their equity investor that was facing a huge cram down or had to buy the equity partner out.
Bad things happen to good companies. Perhaps they lost a major customer, lost a key contributor to the company, the industry declined before they could get ahead of their costs, etc...
We have and will provide a factoring facility or asset based line of credit to a company that has defaulted on a loan, advance, or factor for a legitimate business reason. We have and will pride DIP financing for companies that ultimately chose CH11 as their best option.
Our ideal client:
-Based anywhere in the US selling products or services to commercial customers or government agencies.
-Industries-We are generalists, but typically avoid construction and healthcare services.
-Revenues from $5Mil to well above $500Mil. Slightly above out minimum, but if they defaulted we would rather see more revenue.
-Facility need: $500K to well above $30Mil.
We listen first and move fast....
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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