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08-18-2021, 04:22 PM #10
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
A 40Mil company would likely have at least 4.5Mil in receivables outstanding. If the financials seem OK, it would probably qualify for a 5Mil ABL facility or Ledgered ABL facility. Larger if we include inventory. Either way, they would likely not pay more than 8% APR all in.......
Now for those that replied..... Can any of you stroke a $5mil check at 6-8% APR? Probably not.....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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