Boynton Beach, FL – December 03, 2018 – Seacoast Business Funding closes $2,000,000 factoring facility for software programming and project management firm. The South Florida based company specializes in developing innovative software solutions in the fast-paced and ever-changing IT segments of, Augmented Reality/Virtual Reality, Robotics, and Cryptocurrencies. The Company was faced with customers demanding extended credit terms; which was taxing its […]
Boynton Beach, FL – November 15, 2018 – Seacoast Business Funding, announced a $12,000,000 invoice factoring facility for a northwestern based global staffing firm. The diversified staffing provider specializing in both IT and medical staffing was facing the reality of reduced working capital levels due to changes in their existing lenders credit culture. Seacoast Business Funding was able to successfully navigate
Boynton Beach, FL – October 2, 2018 – Seacoast Business Funding announced the funding of a $1,000,000 asset-based lending financing for commercial bakery based in the southeast.. The Company was recently purchased by an investment group in an effort to return the company to profitability. The Company will utilize the newly establish line of credit to assist with the turnaround plan
Accounts Receivable Factoring Supports Growth Boynton Beach, FL – October 2, 2018 – Seacoast Business Funding announced the funding of a $500,000 accounts receivable factoring facility for a southeastern based staffing agency. The Company recently received a contract from a large corporate client. The Company is expected to double its size in the next 18 months and will utilize the proceeds
Boynton Beach, FL – October 2, 2018 – Seacoast Business Funding announced the closing of a $2,000,000 factoring facility for a global supplier and distributor of electronic components. The Company’s reliance on self-funding was unsustainable and causing operational constraints. The Company will be utilizing the proceeds of the factoring facility to resolve product backlogs and to support continued growth. “By providing
Boynton Beach, FL – August 14, 2018 – Seacoast Business Funding announced the funding of a $2,000,000 working capital line for a southwestern based Rebar company. The company will be utilizing the proceeds of the factoring facility to meet its rapid growth and market demand. Jay Atkins, president of Seacoast Business Funding commented, “We are pleased to be partnering with the
