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  1. #1
    Senior Member Reputation points: 337045
    Join Date
    Mar 2015
    Location
    Rock Ridge
    Posts
    3,453

    IT Staffing-We love the industry!

    Hi DF,

    Most of you know we are Seacoast Business Funding, a division of Seacoast Bank. We offer flexible working capital solutions in the forms of factoring and asset based lines of credit. We partner with companies in a variety of industries nationally. One industry we love is staffing....especially IT staffing.

    We are in the process of closing a $4Mil factoring facility for an IT staffing business where the owner has a few other companies. I told the owner that we have several clients at SBF that own several companies financed with us and we have also helped owners acquire companies. The owner stated if we could get the first company financed within reason, he would move the other companies to SBF. We issued a proposal that was very aggressive. The owner used two advisors to work on finding the right partner. While we were waiting for an answer on our term sheet....we saw the deal again from advisor number 2. This happens often as most smart advisors usually make us their first and sometimes only call. Advisor number 2 called the owner and told him that SBF has already issued a proposal and you will NOT find a better partner. Needless to say.....the owner signed our term sheets and we are in the process of closing the 1st company with him.

    Our Ideal Client:

    -Based anywhere in the US.
    -Providing temp or contract staffing services for large commercial customers, government agencies, or working through vendor managers.
    -Revenues from $2Mil to well over $300Mil.
    -Facility need from $500K to well over $30Mil.


    Why IT Staffing companies partner with SBF:

    -We know the industry extremely well.
    -We listen first and move fast. I have closed deals in 10 days.
    -We offer aggressive terms, can provide financing of approved/unbilled time, and nobody will beat us on pricing.
    -We are very used to working with owners that own several companies.
    -We are very used to working on very complex transactions.

    Best,

    Kevin
    Hedley Lamarr......That's Hedley

  2. #2
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,854

    Congrats to Seacoast Bank being the 98th Largest Public Company in Florida with a 26%+ Revenue Growth
    according to an article in Florida Trends.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

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