revolving line of credit
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  1. #1

    revolving line of credit

    I have a client that is looking for a line of credit, not factoring, not MCA, a traditional line of credit secure by A/R and real estate. Loan amount $600K. Does anyone know of any companies that lend under the parameters. He has good credit as well. Also, he does not want to do SBA

  2. #2
    Senior Member Reputation points: 338677
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    Kelton,

    Most non-bank ABL lenders will not do an ABL deal under $1Mil. Most will also not touch real estate. With the assets and size, this might be difficult or very expensive.

    KH
    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

  3. #3
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    I’m curious to know what his A/R aging schedule look like.

  4. #4
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    A detailed AR Aging by invoice date. Not some summary due date aging BS.
    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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