Hey DF,

As many 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 all over the US. We typically work with companies generating $2Mil in revenue to well over $300Mil in revenue. We provide facilities ranking from $500K to well over $30Mil.

Lately we have noticed banks are getting nervous in some sectors and tightening credit or not increasing lines to companies when needed. When this occurs many companies will seek alternatives to bank financing to better manage day to day working capital needs and fund growth.

While some banks are tightening we have also noticed that some of the larger non-bank finance companies that claim they do larger deals are reeling it in a little and/or syndicating a big portion of the deal to partners.

Having a finance partner that can move fast with a big balance sheet is critical to getting larger deals done. If a client has a need larger than $15Mil, you better make sure that the partner you take them to can write that check themselves.

All said..... If you encounter a company in a sector we know well with a need above $10Mil, I promise you....

-We can write the check ourselves.
-We move very fast.
-We typically offer aggressive advance rates and flexible structures.
-I can't remember the last time we lost a deal because of pricing.....

Best,

Kevin