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  1. #1
    Senior Member Reputation points: 337045
    Join Date
    Mar 2015
    Location
    Rock Ridge
    Posts
    3,453

    Wanted: Wholesale Distributors

    Hi DF,

    Most of you know we are Seacoast Business Funding, a division of Seacoast Bank. We offer flexible working capital solutions in the forms of factoring facilities and asset based lines of credit. We are unique in the market as we are a division of a bank. We are typically a lot more cost effective than most finance companies, yet we can still work with companies facing some challenges.

    We partner with companies in a variety of industries nationally. One industry where we are very active due to COVID is wholesale distributors. Most of theses companies are distributors of consumer goods that are sold in membership stores like Costco, grocery chains, and e-tailers like Amazon. We recently provided facilities to several companies in this industry because they are under tremendous demand pressure and their current bank facilities or non-bank facilities are not keeping pace with the need and their bank/finance company is not willing to increase the size of the facility in the current environment.

    Our ideas client:
    -Based anywhere in the US
    -Wholesale distributors of consumer goods sold to large retailer/e-tailers.
    -Revenues from $2Mil to well over $400Mil
    -Facility need from $500K to well over $40Mil.

    Example: I am closing a transaction for a wholesale distributor that is not getting enough flexibility from their current bank ABL facility. We have proposed a new ABL facility financing AR & some M&E that is larger and much more flexible. Company: $150Mil in revenue. Facility: 10Mil on AR and $2Mil on M&E.

    There are some companies that are growing during this pandemic and their banks/finance companies are just not keeping pace with the needs.
    Hedley Lamarr......That's Hedley

  2. #2
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,854

    Good Info - MCA Sales Agents would be wise to broaden their financial offerings for 2021 and beyond.
    Money is relatively inexpensive and for the foreseeable future, may remain so.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  3. #3
    Member Reputation points: 1950
    Join Date
    Oct 2017
    Location
    NY, NY
    Posts
    36

    gargle gargle

  4. #4
    Senior Member Reputation points: 55949
    Join Date
    Dec 2015
    Posts
    574

    Quote Originally Posted by jared View Post
    gargle gargle
    You using mouthwash again while playing on your laptop in the bathroom? Second warning Jared...

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