Hi DF,

Most of you know...... We are Seacoast Business Funding, a division of Seacoast Bank. We are the asset based lending and factoring division of the bank. We partner with companies in a variety of industries nationally. We are unique in the market as we are bank owned. It affords us the luxury of a low cost of funds, a ton of flexibility, and the ability to offer some traditional bank services to our clients.

Many of you don't know..... We provide factoring or re-factoring facilities and asset based lines of credit to other factoring companies. Over the years we have also acquired portfolios of other factoring companies.

We are living in interesting times and much like the great recession, credit facilities for non-bank finance companies are drying up. That being said, we are actively seeking factoring portfolios for sale OR we will provide ABL or re-factoring facilities for other factoring companies.

Our Ideal Target:

-Outstanding funds employed of $5Mil to $40Mil
-Either regionally focused or industry focused.
-No Construction, Healthcare, Marijuana, or Weapons.

Best,

KH