Results 1 to 15 of 15
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04-13-2017, 05:23 PM #1
Invoice Factoring
Who do you all recommend for invoice factoring? Haven't done anything in that space and would appreciate recommendations!
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04-13-2017, 07:15 PM #2
- Join Date
- Mar 2016
- Posts
- 335
Depends what the industry is.
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04-13-2017, 08:40 PM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,976
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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04-13-2017, 08:44 PM #4
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,976
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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04-13-2017, 10:51 PM #5
- Join Date
- Mar 2016
- Posts
- 335
I specialize obtaining LOC's for construction companies but I also do most other major industries.
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04-14-2017, 06:17 AM #6
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
Invoice Factoring
Thanks Yankeeman. We offer factoring and asset based lines of credit. Shoot me an email and I will send some info. Kevin.Henry@SeacoastBF.com. We are a division of a bank but can fund challenged companies.
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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04-17-2017, 11:19 AM #7
- Join Date
- Mar 2017
- Posts
- 37
Invoice Factoring
We are a direct Factor, we have been in business for 25 years. We will fund in all industries, and will fund in a 2nd position, as well as tax liens, and Chapter 11s. Feel free to contact me at any time for further information.
Kevin Sampson
Capital Solutions Bancorp
561-619-5846 direct line
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04-17-2017, 01:49 PM #8
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Warning to Brokers
We are a direct Factor, we have been in business for 25 years. We will fund in all industries, and will fund in a 2nd position, as well as tax liens, and Chapter 11s. Feel free to contact me at any time for further information.
Kevin Sampson
Capital Solutions Bancorp
561-619-5846 direct line
I googled this company and received a Mcafee warning. I also checked with the IFA and they are not members.
Kevin, perhaps you can get this straightened out.
Bob Shaw rshaw@ironhorsecredit.com
734.929.3800
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04-17-2017, 01:59 PM #9
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Kevin Henry and his bank probably have the lowest cost of funds and are therefore the lowest price to customers. However with the low cost of funds you also get more conservative underwriting criteria. Don't get me wrong if I had a deal that would qualify with Kevin I would not hesitate to run it bye him.
As to I recommend after Kevin it will come as no surprise to readers here I highly recommend us, Iron Horse Credit.
we do a few things a bank won't:
we can provide a 30-120 day unsecured line of credit to help your clients finish projects before being able to issue an invoice we would then factor, we do companies and industries that banks won't and we extend higher credits in general than the banks do.
I would call Kevin first and us second.
P.S. If we can't finance your client we will point you to someone who can.....at no charge.
Bob
Bob Shaw
Iron Horse Credit
rshaw@ironhorsecredit.com
734-929-3800
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04-17-2017, 02:01 PM #10
- Join Date
- Mar 2017
- Posts
- 37
Warning to Brokers
Bob,
Not sure what you Googled however, Carlos Weil our CEO was on the IFA Board for a while, and we are IFA members
Our Website is Capitasolutionsbancorp.com
I just googled our name and had no such issues. As I said we have been around for 25 years and we can supply anyone with testimonials and references.
Kevin Sampson
561-619-5846
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04-17-2017, 02:11 PM #11
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
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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04-17-2017, 02:14 PM #12
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
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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04-17-2017, 02:30 PM #13
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
Bob,
Just because we are bank owned does not mean I will not fund a challenged credit. We have funded DIP, companies with Tax Liens, 100% customer concentration, and companies with not so pretty balance sheets. We move very fast. I funded a staffing companies earlier this year in 12 days from first phone call.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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04-17-2017, 02:49 PM #14
- Join Date
- Mar 2017
- Posts
- 37
Thank you Kevin Henry, I appreciate your input. If you do not fund in a 2nd position please let me know, because we will fund in a junior position.
Thank you again.
Kevin Sampson
Capital Solutions Bancorp
561-619-5846
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04-28-2017, 05:28 PM #15
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Accept my apology KMS, I would be interested in talking to you. We occassionaly have clients that may benefit from your facility.
KH, we've all factored in those situations but thats not really getting down in the mud. If we didn't do something different you would be the only factor around.
Bob
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