Large Deals ($1M+) Help
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  1. #1
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    Quote Originally Posted by TB-Commercial View Post
    Hi all!

    So I've been receiving A Paper clients lately that are seeking $1m+. (800 credit, no current advances, etc...) The issue is they need it right away, as in MCA fast. (few days to a week at most) Would anyone mind helping me compile a list of funders that can (and actually do) go that high? (if it's even possible) I do realize they can go to a bank, and they do as well. But I was just wondering if there actually existed any options in this space that I don't know about.

    Thank you all in advance.

    Here's what I have so far, and please correct me if I am wrong:

    BFS: $1M
    Pearl: $750k
    ...

    Thanks guys!
    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.

  2. #2
    Member Reputation points: 739 TB-Commercial's Avatar
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    Quote Originally Posted by WestCoastFunding View Post
    A cash advance for companies like these is incredibly wasteful.
    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

  3. #3
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    Quote Originally Posted by TB-Commercial View Post
    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?
    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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