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Hi deBanked,
As most of you know, we are Seacoast Business Funding, a division of Seacoast National Bank. We are unique in the market as we are bank owned, but can still finance the unBankeble. We offer flexible working capital solutions in the forms of asset based lines of credit and factoring. We are active lenders and factors to staffing companies and government contractors. Our ideal client:
-Based anywhere in the US providing temporary or contract staffing services to large corporations or government agencies.
-Facility need: $250,000 to well above $25,000,000
-Revenues: $1,500,000 to well above $200,000,000
-Companies who are already factoring with one of our competitors-chances are we will be more cost effective and provide more services.
-Companies that are struggling with working capital because their bank line is too low-We see this a lot! Sometimes banks are afraid of growth or customer concentration and limit credit lines when the client is growing rapidly. In those cases, the Company should consider swapping rate for availability on assets to capture the growth opportunities.
Best,
Kevin Henry
Kevin.Henry@SeacoastBF.com
As most of you know, we are Seacoast Business Funding, a division of Seacoast National Bank. We are unique in the market as we are bank owned, but can still finance the unBankeble. We offer flexible working capital solutions in the forms of asset based lines of credit and factoring. We are active lenders and factors to staffing companies and government contractors. Our ideal client:
-Based anywhere in the US providing temporary or contract staffing services to large corporations or government agencies.
-Facility need: $250,000 to well above $25,000,000
-Revenues: $1,500,000 to well above $200,000,000
-Companies who are already factoring with one of our competitors-chances are we will be more cost effective and provide more services.
-Companies that are struggling with working capital because their bank line is too low-We see this a lot! Sometimes banks are afraid of growth or customer concentration and limit credit lines when the client is growing rapidly. In those cases, the Company should consider swapping rate for availability on assets to capture the growth opportunities.
Best,
Kevin Henry
Kevin.Henry@SeacoastBF.com
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