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01-26-2022, 01:11 PM #2
Reputation points: 338677
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,477
Izzy-Is he a wholesaler of building materials or doing installations/construction? If he is billing 9Mil/month, he probably qualifies for a much larger and cost effective type of financing. $100Mil companies should not be paying 8%APR+ for money unless they eat baby seals for lunch and juggle puppies. You would be providing a better service to the prospect by finding an ABL facility that includes AR and possibly inventory.
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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