Results 1 to 7 of 7
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05-12-2016, 12:54 PM #1
- Join Date
- May 2016
- Location
- San Francisco & New York City
- Posts
- 75
Factor and Lender Looking for Brokers / Deals to Fund Now
Hello everyone,
My name is Matt Estes - I manage broker business development for BlueVine Capital. BlueVine provides AR factoring and business lines of credit to SMBs. We were founded in 2013 and have raised $190M+ to date from firms such as Citi, Menlo Ventures, and Lightspeed Venture Partners.
We are looking to on-board brokers to our partner program and fund deals immediately. Please reach out to learn more about the partner program! Contact us at partners@bluevine.com.
Accounts Receivable Factoring
Credit Lines: $20,000-$2,500,000
Business Segments: B2B or B2G
Lien Position: Must be in first position or behind a bank loan / SBA loan
Minimum Revenue: $15,000 / month
A/R Schedule: 15-90 days
Debtors: Companies with at least $10M revenue or government
Minimum Time in Business: 3 months
Owner's Personal Credit: 530 or above
Business Line of Credit
Credit Lines: $5,000-$100,000
Business Segments: B2C, B2B or B2G
Minimum Revenue: $15,000 / month
Minimum Avg. Monthly Bank Balance: $1,000
Minimum Time in Business: 6 months
Owner's Personal Credit: 650 or above
Matt Estes
Business Development | BlueVine
partnerinquiry@bluevine.comLast edited by matt.estes; 05-10-2017 at 04:35 PM.
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05-12-2016, 02:14 PM #2
- Join Date
- Nov 2013
- Posts
- 598
Matt,
Can you elaborate on what you mean by "Debtors: Companies with at least $5mm revenue"
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05-12-2016, 02:31 PM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,481
FCF,
I think he is referring to the customer that your customer is doing business with on terms. They are seeking credit worthy debtors. Most factoring companies do credit checks on a prospect's customers and in some cases insure the AR.
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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05-12-2016, 03:27 PM #4
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Kevin is correct. They are sometimes called Account-Debtors.
Bob
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05-12-2016, 03:50 PM #5
- Join Date
- Nov 2013
- Posts
- 598
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05-13-2016, 05:47 PM #6
- Join Date
- May 2016
- Location
- San Francisco & New York City
- Posts
- 75
Thank you, Kevin & Bob. You nailed it re: Debtor.
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05-13-2016, 05:57 PM #7
- Join Date
- Feb 2014
- Location
- New York
- Posts
- 162
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