Results 1 to 11 of 11
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08-01-2019, 08:54 AM #1
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,483
Happiness
Happiness is taking a deal away from one of your competitors while simultaneously blowing another one out of the water competing for the business.
Better advance rates, more flexible terms, better costs, extended terms with key customers, and truly understanding the client's business rules the day!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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08-15-2019, 04:54 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,483
More happiness......
IT Staffing Company with a small bank line and stacked with an advance. Growing rapidly and struggling with payroll. Closed a $2Mil factoring facility with an aggressive advance rate. Owner is contemplating an acquisition of a company similar in size to his company. We will be helping with the financing of the target company.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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08-15-2019, 05:32 PM #3
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 474
BOOM. Sounds like real winning to me.
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08-15-2019, 05:32 PM #4
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 474
Congratulations Kevin.
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08-16-2019, 05:47 AM #5
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,483
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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09-11-2019, 04:31 PM #6
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,483
More happiness..... Just closed a $10Mil facility for a staffing company. The CEO worked for another staffing company I financed for him. His former Company is still a client!
I LOVE happy customers!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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09-11-2019, 05:05 PM #7
- Join Date
- Mar 2016
- Posts
- 904
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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09-24-2019, 02:33 PM #8
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,483
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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11-08-2019, 12:46 PM #9
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,483
Happiness: Surprising a referral partner by paying them commissions on a deal they presented to me over 2 years ago. They made the initial intro, presented a financial package, we proposed, and they Company decided to use a small bank facility and self fund. I stayed in touch with the CEO and re-engaged. We re-proposed and closed a transaction.
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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08-05-2020, 10:20 AM #10
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,483
Just don't close deals.......win clients.
I am closing an ABL deal for an IT staffing company. We competed against several non-bank finance companies and a few large commercial banks.
-We offered more flexible terms than all the commercial banks. Our pricing was slightly higher, but the client chose us because of our industry knowledge, flexibility, and can offer other bank services needed.
-We hands down beat all the non-bank finance companies on pricing, terms, flexibility, size, knowledge of industry, and services. They were not even close.....
KHKevin 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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10-01-2020, 07:32 AM #11
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,483
More happiness........ Don't just win deals...... Win customers! I beat a very large money center bank and several non-bank factors/lenders on this! It was referred by a consultant in the IT staffing industry that knows us well. He was contacted by management after they had a frustrating experience with the bank and non-bank finance companies.
Seacoast Business Funding Provides $6,000,000 Asset-Based Facility For IT Consulting and Staffing Provider
Seacoast Business FundingBoynton Beach, FL – September 29, 2020 – Seacoast Business Funding, announced a $6,000,000 asset-based revolving credit facility for an IT Consulting and Staffing provider in the northeast. The Company specializes in contract data management, laboratory and testing analytics, and Statistical Analyst System (“SAS”) programing to its customers for clinical trial applications.
The Company was acquired last year and let its previous line of credit lapse. The parent company requested the subsidiary seek a financial partner to manage working capital needs. Seacoast Business Funding structured a facility to provide immediate access to cash-flow to support current operations with the flexibility to scale as the Company’s financial needs grow.
“The closing of this transaction showcases our industry-expertise and knowledge of the client’s business model. Leveraging the increased capital will alleviate existing constraints and provide a reliable financing solution for future growth,” commented Jay Atkins, President of Seacoast Business Funding.
About Seacoast Business Funding
Seacoast Business Funding provides customized and timely working capital financing solutions to small and middle-market companies engaged mainly in business services, distribution, manufacturing and staffing with annual sales ranging from $1 million to $200 Million. Credit facilities are in the form of Factoring, Invoice Purchasing or Asset-Based agreements. Seacoast Business Funding is a Division of Seacoast National Bank. Member FDIC.
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