Hi DF,

Most of you know..... We are Seacoast Business Funding, a division of Seacoast Bank. We are trusted working capital partners to companies in a variety of industries nationally. We offer flexible working capital solutions in the forms of asset based lines of credit an factoring facilities. We are unique in the market as we are bank owned, but can still work with the unbankable client/situation and offer some bank services that non-bank finance companies cannot. Example: We are very proud that 100% of our factoring and ABL clients received PPP through us as we are bank owned.

The pandemic has certainly caused a huge negative economic impact on many companies in the US. There are pockets of the economy that are quite active and need help financing their working capital needs. Some of these companies have small bank lines of credit that are too small and their bank are not increasing lines due to the pandemic. Some have factoring facilities where the current factor is not being as flexible with some account debtors.

Where we are VERY active:

-Staffing-Especially medical, IT, an warehouse/light industrial.
-Consumer Products-Especially food, beverage and/or household goods that are sold through grocery store chains, membership clubs (Costco), and Amazon.

Our ideal client:

-Based anywhere in the US.
-Revenues from $2Mil to $400Mil
-Facility needs from $500K to well over $30mil.

Best,

KH

Yes! We gladly pay referral fees to out referral partners. Referral partners are eligible to up to 15% of net spread over the life of the client.