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  1. #1
    Senior Member Reputation points: 235266
    Join Date
    Mar 2015
    Location
    Boynton Beach, FL
    Posts
    2,682

    Ideas: Stay at Home Vacations

    Hi DF,

    Most of you know...... We are Seacoast Business Funding, a division of Seacoast Bank. We are trusted working capital partners for companies in a variety of industries nationally. We offer flexible working capital solutions in the forms of asset based lines of credit and factoring facilities. We are unique in the market because we are bank owned yet can still working with companies facing challenges.

    The COVID pandemic has devastated the entertainment and travel industries. Families that have the means are altering their vacation and entertainment plans. many are seeking for things they can do at home or purchasing items where they can vacation/entertain while social distancing such as buying boats and RVs. Many are also purchasing items to enhance their at home experience such as pools, outdoor sporting equipment, and grills. These industries are seeking dramatic demand for products. At the same time traditional lenders are still cautious about increasing tradition lines of credit to help with working capital needs. Example: I am currently closing a $3Mil ABL facility for a company that manufactures pool products. The company had a small LOC with their bank, but the bank was reluctant to increase their facility to help with working capital needs. Reasons why the bank declined: Explosive growth and customer concentration.

    Our ideal client:
    -Based anywhere in the US.
    -Revenues from $2Mil to well over $300Mil.
    -Industries: Manufactures or distributors of outdoor sporting goods, grills, camping gear. Anything that can be used on a boat or RV, but not the vehicles themselves. Pool equipment and supplies. Outdoor furniture and/or supplies.

    Best,

    Kevin
    Seacoast Business Funding, a division of Seacoast Bank
    Kevin Henry-VP Business Development
    Kevin.Henry@SeacoastBF.com
    561-623-1872
    www.seacoastbf.com
    Boynton Beach, FL

  2. #2
    Senior Member Reputation points: 235266
    Join Date
    Mar 2015
    Location
    Boynton Beach, FL
    Posts
    2,682

    Quote Originally Posted by Kevin Henry-Seacoast View Post
    Hi DF,

    Most of you know...... We are Seacoast Business Funding, a division of Seacoast Bank. We are trusted working capital partners for companies in a variety of industries nationally. We offer flexible working capital solutions in the forms of asset based lines of credit and factoring facilities. We are unique in the market because we are bank owned yet can still working with companies facing challenges.

    The COVID pandemic has devastated the entertainment and travel industries. Families that have the means are altering their vacation and entertainment plans. many are seeking for things they can do at home or purchasing items where they can vacation/entertain while social distancing such as buying boats and RVs. Many are also purchasing items to enhance their at home experience such as pools, outdoor sporting equipment, and grills. These industries are seeking dramatic demand for products. At the same time traditional lenders are still cautious about increasing tradition lines of credit to help with working capital needs. Example: I am currently closing a $3Mil ABL facility for a company that manufactures pool products. The company had a small LOC with their bank, but the bank was reluctant to increase their facility to help with working capital needs. Reasons why the bank declined: Explosive growth and customer concentration.

    Our ideal client:
    -Based anywhere in the US.
    -Revenues from $2Mil to well over $300Mil.
    -Industries: Manufactures or distributors of outdoor sporting goods, grills, camping gear. Anything that can be used on a boat or RV, but not the vehicles themselves. Pool equipment and supplies. Outdoor furniture and/or supplies.

    Best,

    Kevin
    Bump! Just received an inquiry for a $3Mil ABL need for a company in the outdoor industry. They surpassed 2019 revenues in may.

    KH
    Seacoast Business Funding, a division of Seacoast Bank
    Kevin Henry-VP Business Development
    Kevin.Henry@SeacoastBF.com
    561-623-1872
    www.seacoastbf.com
    Boynton Beach, FL

  3. #3
    Senior Member Reputation points: 107481
    Join Date
    Feb 2017
    Posts
    1,808

    Quote Originally Posted by Kevin Henry-Seacoast View Post
    Bump! Just received an inquiry for a $3Mil ABL need for a company in the outdoor industry. They surpassed 2019 revenues in may.

    KH
    A staycation?
    Micah Markowitz | mmarkowitz@abfunders.com | 855-33-GO-ABF (direct)

  4. #4
    Senior Member Reputation points: 235266
    Join Date
    Mar 2015
    Location
    Boynton Beach, FL
    Posts
    2,682

    Something that would be used on staycation.
    Seacoast Business Funding, a division of Seacoast Bank
    Kevin Henry-VP Business Development
    Kevin.Henry@SeacoastBF.com
    561-623-1872
    www.seacoastbf.com
    Boynton Beach, FL

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