Is This a Waste Of Time? Thoughts?
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  1. #1
    Senior Member Reputation points: 4567 NickHubbard's Avatar
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    Quote Originally Posted by kevinhenry0527 View Post
    Factor that!
    Yeah! I asked him about going this route. He says his A/R runs around $90,000 and growing, but is on net 14 with his customer and they pay 100% on time.
    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  2. #2
    Senior Member Reputation points: 338265
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    Quote Originally Posted by NickHubbard View Post
    Yeah! I asked him about going this route. He says his A/R runs around $90,000 and growing, but is on net 14 with his customer and they pay 100% on time.
    Revolving factoring facility free up cash flow even if customers pay in 14 days. They are better off financing the AR at a reasonable rate than taking advances or term debt.

    KH
    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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