[Michael Slabitcher]

Any recommendations?

Thank you in advance,
Mike
msla*****er@sla*****er.com

[Michael Slabitcher]

Correction: Milestone billing not progress billing.

[RichardGerard]

Hey Michael- hope all is well..

I suggest emailing davidp@farwestcapital.com- and letting him know I suggested you reach out.

I have not had much dealings with them since their merger last summer (maybe Kevin H can shed some light)- but he is a great guy

[RichardGerard]

- call me if you want his contact #'s

[Kevin Henry-Seacoast]

Michael,

Just sent you a PM on this.

[Jamesf]

Michael,

Just sent you a PM on this.

Hi kevin, where do you start your factoring and LOC products?
I’m looking to compete on a 150k loc 18 month 11%. Co Lang does 1 million yearly, has a lot of net 30 terms, 775 fico

Also do you factor AR on insurance companies? Another Client has lots of AR from Medicare and the insurance companies in general

[Kevin Henry-Seacoast]

Hi James,

150k is too small for us. We typically start we a $500k facility with companies doing 3mil a year in revenue. We avoid insurance AR. Shot me an email and I will send some info when I get back from NACLB

[RichardGerard]

James- Insurance AR is volatile in that the Insurance Companies typically only pay a portion of the bill. There are several firms we work with that assist with this- however they do a look back at the 'net' AR for over 12 months to determine the average billed and collected.

Plenty of good folks on this Blog can assist you- email me if you would like more info.. richard@bccusa.com