PO finance for < 10k order
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  1. #1
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    PO finance for < 10k order

    Hello. I have a prospect with an early stage business that recently won business from a major chain and wants PO financing for 8-10k order. My sources are all 25k+. Not looking for MCA or real estate backed, just PO financing. Please contact if your firm is a lender that can meet those parameters.

  2. #2
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    Go to Crestmark, AGR or Capital Funding and then Bob Shaw and Midland on here does these.

  3. #3
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    Quote Originally Posted by John Galt View Post
    Go to Crestmark, AGR or Capital Funding and then Bob Shaw and Midland on here does these.
    Too small for AGR or Crestmark.
    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

  4. #4
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    Not if it's 10k a week.

  5. #5
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    Min is 500K ann.

  6. #6
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    Give Kevin a shot.............. i drove by his HQ and it seemed like a Hugh corporation~!
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
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    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  7. #7
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    no national lender that I know of will finance a PO for 10k. If it was local I might do it myself, we have for the right business.
    get a local guy to do this deal.

  8. #8
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    As I said min is 500K....10k per week. All will do it.

  9. #9
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    PO finance for < 10k order

    Never to small for Bob Shaw. Thanks for the about out.
    Are we talking PO or inventory finance ? Who is the customer and what is the product?
    Bob

  10. #10
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    Owner claims purchase owner in hand from a specialty food chain. It is a proprietary spice blend. Product is bought from a manufacturer that mixes and packages it. Owner has interest from a school district and grocery as well. Contact me privately and I can talk to you tomorrow.

  11. #11
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    Quote Originally Posted by mcaguru View Post
    Give Kevin a shot.............. i drove by his HQ and it seemed like a Hugh corporation~!
    Me? You were by our offices in Boynton?
    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

  12. #12
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    PO finance for &lt; 10k order

    Early stage companies are very challenging for PO financing. Also $10,000 PO's wether they are weekly or once a month are typically not worth financing from a lender's perspective. The workload and paperwork required to finance a PO does not justify the fees earned.

    I highly doubt you would find a lender willing to fund such a small PO. Best of luck to you!

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