Boynton Beach, FL – August 16, 2021 – Seacoast Business Funding is pleased to announce the addition of Stacey Huddleston as Vice President, Business Development Officer. Mr. Huddleston is based in the Midwest and will focus on expanding the Seacoast portfolio in the region. He brings over twenty years of expertise in the financial and alternative lending space providing creative […]
Everything You Need to Know And More to Help Your Business Reach Its Goals Many businesses utilize sales collections as working capital in order to support payroll, expenses, purchase inventory & equipment and expand. What happens when relying on sales collections is not sustainable, especially if a business is not paid for 30 days or longer and sales are increasing
The client, a Southwestern based staffing company that specializes in Light Manufacturing, Human Resources, Information Technology and Medical Staffing, was having liquidity concerns meeting payroll.. The Company was founded over 50 years ago and operates approximately 65 locations throughout the United States. Challenge: Being such a large staffing provider the Company had a substantial amount of outstanding accounts receivable at
Asset Based Financing Relieves Cash Flow Constraints for IT Staffing Firm The Company, a Southeastern based IT contract staffing firm has been operating for the last five years and has over 80 employees. The Company provides IT staffing as well as consulting services to large scale customers throughout the U.S. Challenge: The Company has seen exponential growth in the staffing
Boynton Beach, FL – August 20, 2019 – Seacoast Business Funding, secured $25,000,000 in accounts receivable facilities in July. The transactions added three new staffing agencies to the Seacoast portfolio. On July 12, a $1,500,000 factoring facility was provided to a staffing agency located on the West Coast. The Company specializes in Retail, Information Technology and medical staffing and had
Boynton Beach, FL – November 6, 2019 – Seacoast Business Funding, secured $4,000,000 in accounts receivable facilities in July. The transactions added two new staffing agencies to the Seacoast portfolio. On October 1, a $1,000,000 factoring facility was provided to a staffing agency located in the Mid-Atlantic. The Company specializes in Information Technology and has been growing rapidly and needed to
