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09-15-2020, 05:09 AM #1
- Join Date
- Mar 2015
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- Boynton Beach
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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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09-16-2020, 06:47 PM #2
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09-17-2020, 04:47 AM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,484
It will be very hard to find a legitimate lender that will offer a LOC or ABL deal for a company with one debtor. ABL/LOC is almost non-existent for a company with 100% customer concentration. Usually non-bank lenders will set limits at a maximum of 50%.
-Have you credit checked the debtor to see if they are eligible for credit insurance?
-Does the balance sheet support the debtor if they don't pay?
If the answer to the above is no, you will have a tough time even finding a legitimate factoring deal for the company.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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