[brokerCompany]

yep

Hi Kevin. I understand you only invoice factor and prefer your ABL to be over 1.5M. These particular deals probably not in your box. 900k monthly and only 1 client with state of texas

[Kevin Henry-Seacoast]

Hi Kevin. I understand you only invoice factor and prefer your ABL to be over 1.5M. These particular deals probably not in your box. 900k monthly and only 1 client with state of texas

It will be very hard to find a legitimate lender that will offer a LOC or ABL deal for a company with one debtor. ABL/LOC is almost non-existent for a company with 100% customer concentration. Usually non-bank lenders will set limits at a maximum of 50%.

-Have you credit checked the debtor to see if they are eligible for credit insurance?
-Does the balance sheet support the debtor if they don't pay?

If the answer to the above is no, you will have a tough time even finding a legitimate factoring deal for the company.