Results 1 to 14 of 14
Hybrid View
-
12-02-2021, 12:02 PM #1
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,477
Simple explanation: Factoring or advancing cash on future receivables is a purchase of the asset or a percentage of the asset. A funder or factor is not lending money vs. the asset, it is a purchase in whole or a percentage of the asset. Some factors structure their facilities whereby they are collecting only a discount rate on the face amount of the receivable. Some charge a lesser discount rate and interest on what funds are available when the invoice is purchased. The later is a better deal for the client if they are good at collections and cash management. ABL facilities are considered LOANS as you re borrowing vs. the value of the underlying asset.
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
-
Any word on the coj ban ?????
By Showmethemoney in forum Merchant Cash AdvanceReplies: 25Last Post: 06-21-2019, 02:13 AM -
Need a business loan ? Line of credit? No problem
By kathryndelatorre19 in forum Business LoansReplies: 15Last Post: 01-18-2018, 05:30 PM -
Word Slips
By Funder Mark in forum Everything elseReplies: 2Last Post: 03-01-2017, 02:15 PM -
Spread the word!!!
By PledgeCap- A.E. in forum PromotionsReplies: 0Last Post: 06-01-2015, 02:07 PM -
The New Word on the Street
By Joseph Esparza in forum Merchant Cash AdvanceReplies: 1Last Post: 02-10-2015, 12:50 PM