[Kevin Henry-Seacoast]

Ladies and Gents,

I have closed a couple of deals this year where the Company was generating in excess of $5mil/Year, had a small bank line ($100-$300K) and used cash advances to help with working capital because their bank would not increase their line. One of the Companies has $750K in AR outstanding. We provided a factoring facility that paid off the LOC and the cash advance and is revolving. The Company was able to get caught up on some extended payables and can now better manage day to day needs and fund growth. We were not as cheap as the bank LOC, but were much cheaper then the cash advance and were able to provide much more liquidity.

Also be on the lookout for companies that are factoring and are seeking a more cost effective facility. Chances are, our rates are going to be more cost effective as our cost of capital is very low. They may qualify for an ABL facility which would also reduce cost.

As a reminder: We are Seacoast Business Funding, a division of Seacoast National Bank. We offer flexible working capital solutions in the forms of factoring and asset based lines of credit. Out Ideal Client:

-Selling products and/or services to commercial customers. No construction or healthcare with insurance or Medicare/Medicaid is the payer.
-Anywhere in the US
-Revenues from $2Mil to well over $100Mil
-Facility Size Need: $300k to well over $20Mil

Yes-We are a division of a bank, but that does not mean I cannot finance a challenged company.
Yes-We pay referral fees on deals closed. Factoring referral fees are up to 15% of the net spread over the life of the client.

Best,

Kevin

[RichardGerard]

An unsolicited plug for Kevin:

When you contact Kevin and his group it isn't only about the AR. If there is Machinery and Equipment and/or Inventory on the Balance Sheet, they find ways to get things done that straight factoring outfits cannot. Additionally, as a bank, the rates offered your clients are extremely competitive- which validates you- and your organization to your clients.

Time frames are swift once clients supply requested data.. It's never the wrong thing to do the right thing for your clients..

RG

[Kevin Henry-Seacoast]

An unsolicited plug for Kevin:

When you contact Kevin and his group it isn't only about the AR. If there is Machinery and Equipment and/or Inventory on the Balance Sheet, they find ways to get things done that straight factoring outfits cannot. Additionally, as a bank, the rates offered your clients are extremely competitive- which validates you- and your organization to your clients.

Time frames are swift once clients supply requested data.. It's never the wrong thing to do the right thing for your clients..

RG

Thanks Richard!

[WhoElse?]

Hello Kevin,

I have a GREAT deal for you. Please contact me: 202.740.8215

[Kevin Henry-Seacoast]

Hello Kevin,

I have a GREAT deal for you. Please contact me: 202.740.8215

Hi WhoElse,

Kindly send me an e-mail with your full contact details: Kevin.Henry@SeacoastBF.com

[CraaaCraaa Radio]

What's the turn around 48 to 72 hours

[Kevin Henry-Seacoast]

Usually 14-30 days depending on complexity