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03-15-2017, 03:34 PM #1
- Join Date
- Oct 2016
- Posts
- 4,318
The cost of capital is going to have a huge difference between BFS and Pearl.
With having been said, if they're OK with 7-14 day funding period, and their AR is strong, I'd hit-up Crestmark Bank and establish a LOC of factoring facility. A cash advance for companies like these is incredibly wasteful.
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03-15-2017, 04:09 PM #2
Thanks guys. And WestCoast I agree very much. I always assume there's a reason behind why files like this come across my desk, but in going through some of them I've noticed they genuinely are A+ paper, but just don't want to wait. In my opinion, they could go from A to C very quickly with this mindset. But I'd rather do my best to steer them in the cheapest route I can find, while still getting it done as close to the time frame as they require, you know?
Last edited by TB-Commercial; 03-15-2017 at 04:10 PM. Reason: grammar
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03-15-2017, 04:18 PM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
561-623-1872 is my direct kevin.henry@seacoastbf.com
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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