Seeking for a good offer
Need a Funder or Vendor? START HERE

Results 1 to 25 of 26

Hybrid View

  1. #1
    Senior Member Reputation points: 338265
    Join Date
    Mar 2015
    Location
    Boynton Beach
    Posts
    3,471

    Are the customers credit worthy and in friendly countries? Are the receivables insured? If so, you would be better to explore a factoring relationship. How much revenue? How much AR is outstanding? $1.5Mil facility should not be in excess of 15-18% all in.....
    Last edited by Kevin Henry-Seacoast; 06-29-2021 at 01:32 PM.
    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

  2. #2
    Quote Originally Posted by Kevin Henry View Post
    Are the customers credit worthy and in friendly countries? Are the receivables insured? If so, you would be better to explore a factoring relationship. How much revenue? How much AR is outstanding? $1.5Mil facility should not be in excess of 15-18% all in.....
    What do you mean by Friendly countries. Factoring deals are under UCC Jurisdiction, there are friendly countries to the UCC?

  3. #3
    Senior Member Reputation points: 338265
    Join Date
    Mar 2015
    Location
    Boynton Beach
    Posts
    3,471

    Quote Originally Posted by FlexibleCapitalSolutions View Post
    What do you mean by Friendly countries. Factoring deals are under UCC Jurisdiction, there are friendly countries to the UCC?
    Friendly Countries meaning Countries where you would be able to obtain credit insurance on the debtor and/or enforce payment rights.
    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

Similar Threads

  1. Replies: 9
    Last Post: 11-14-2016, 10:04 AM
  2. Seeking A Few Good Lending Partners
    By themoneyguy in forum Merchant Cash Advance
    Replies: 3
    Last Post: 08-15-2016, 02:33 PM
  3. Seeking good companies in need of working capital via. factoring.
    By Kevin Henry-Seacoast in forum All Other Lending
    Replies: 0
    Last Post: 03-12-2015, 11:53 AM
  4. Replies: 12
    Last Post: 01-28-2015, 06:53 PM
  5. Replies: 9
    Last Post: 01-06-2015, 11:54 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Cloudsquare: 14 new lender APIs
FundKite survey finds 77%
Ocrolus / Dragin partner


DIRECTORY