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07-09-2019, 03:54 PM #1
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How do you handle clients who you funded, still have a balance and call you for....
....additional capital before renewal/add on time and do not qualify for a buy out?
Note: I do not stack myself.
Your input is greatly appreciated,
Mike
msla*****er@sla*****er.com
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07-09-2019, 03:57 PM #2
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Providing a non-traditional LOC (Fundbox, BlueVine...etc.) be considered stacking?
Last edited by Michael Slabitcher; 07-09-2019 at 04:14 PM.
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07-09-2019, 03:59 PM #3
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Perhaps a more flexible and larger working capital facility is needed. Look at the entire financial picture and look at other options.
If you client hears the words "no", chances are they will find what they need or want elsewhere.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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07-09-2019, 04:00 PM #4
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07-09-2019, 04:00 PM #5
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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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07-09-2019, 04:08 PM #6
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You must dig deeper and find the whole financial picture and sometime operational picture.
What is the current means of financing? Why is it not working?
What is the revenue trend? How is cash flow from operations? What is the trend for 13 months going forward? What are all the assets? Are they all encumbered?
All too often business owners look at tomorrow instead of next year. They chose a financing product that helps them now, but not 9 months from now and they are scrambling for financing again. Most are going to chose the path of least resistance instead of a long term plan that might be harder to close or take longer to close.
Dig deep, come up with a plan, and chose the right partner.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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