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05-02-2016, 01:28 PM #1
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,502
Industries Where We Are Active
Hi DF Readers,
I thought I would share some info on industries where we have been active. Again, We provide factoring facilities and asset based lines of credit for companies generating revenues of $2mil up to $150mil.
-Staffing
-Advertising
-Niche' Manufacturing
-Niche' Distribution
We worked on several deals in the last two weeks whereby the owner is in trouble with their senior bank facility with a regional lender or private equity sponsored company had a similar situation.
Best,
KevinKevin 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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05-02-2016, 05:28 PM #2
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Industries Where We Are Active
Hi Kevin, do youstructure your receivable lines using a borrowing base?
For all who may be interested Kevin's represents a bank and generally has lower rates than the rest of us who practice this black art.
He will be the first to tell you that often cost is not the most,important citeria.
Bob
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05-02-2016, 06:19 PM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,502
Industries Where We Are Active
Bob,
We can structure ABL facilities that utilize a borrowing base. You are correct in suggesting pricing is not the only thing potential borrower seek. We are fairly flexible on AR advance rates and can include inventory and M&E as an accommodation.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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