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06-22-2016, 02:52 PM #1
Reputation points: 338677
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,481
Richard,
No debt. The owner self funded to date with equity, but the equity is eroded due to years of unprofitably. The Company is not bankable due to owner's credit and lack of equity on the balance sheet. They just turned profitable so they will gain back their equity position over time and with the help of working capital to grow top and bottom line.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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