[Olderguy]

Hey Tom,

If they are based in Florida you may want to ping Seacoast Bank. They have been an active SBA lender and or might entertain LOCs. An alternative would be Live Oak Bank. They are one of the largest SBA lenders in the US.

Just FYI...banks don't have the flexibility as non bank lenders who can collateralize personal assets.

[Kevin Henry-Seacoast]

Just FYI...banks don't have the flexibility as non bank lenders who can collateralize personal assets.

Um.... I know both banks extremely well and their capabilities. One will definitely consider personal assets. Both are very aggressive these days.

[Kevin Henry-Seacoast]

Um.... I know both banks extremely well and their capabilities. One will definitely consider personal assets. Both are very aggressive these days.

To add..... I have 4 deals somewhere in my pipeline where the companies are factoring with non-bank factors. All of the non-bank factors are suppressing availability on AR and inventory. Why would they do that if the assets are good and they are more "flexible".... stop with the narrative that non-bank finance companies are more flexible in this environment. in 2014 there were about a dozen bank owned finance companies in the US. Today there is over 50. Hell.....I discovered a new one this morning.