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03-12-2020, 11:36 AM #1
- Join Date
- Nov 2019
- Posts
- 24
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
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03-12-2020, 11:39 AM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,484
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.
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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03-12-2020, 11:43 AM #3
- Join Date
- Oct 2016
- Posts
- 4,318
I’m curious to know what his A/R aging schedule look like.
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03-12-2020, 11:50 AM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,484
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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