Seacoast Provides $14,500,000 in New Working Capital Lines
Boynton Beach, FL – March 4, 2022 – Seacoast Business Funding, secured $14,500,000 in accounts receivable facilities. The transactions added three
Boynton Beach, FL – March 4, 2022 – Seacoast Business Funding, secured $14,500,000 in accounts receivable facilities. The transactions added three
Boynton Beach, FL – August 16, 2021 – Seacoast Business Funding is pleased to announce the addition of Stacey Huddleston
Boynton Beach, FL – September 29, 2020 – Seacoast Business Funding, announced a $6,000,000 asset-based revolving credit facility for an
Boynton Beach, FL – August 20, 2019 – Seacoast Business Funding, secured $25,000,000 in accounts receivable facilities in July. The
Boynton Beach, FL – November 6, 2019 – Seacoast Business Funding, secured $4,000,000 in accounts receivable facilities in July. The transactions
Boynton Beach, FL – December 03, 2018 – Seacoast Business Funding closes $2,000,000 factoring facility for software programming and project management
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Asset-Based Lending provides working capital as a structured revolving line of credit based on a percentage of the value of the company’s assets**, such as commercial accounts receivables, inventory, machinery and equipment.
The borrowing base for ABL facilities can be up to 90% on commercial accounts receivables and up to 50% on inventory and machinery.
**Commercial Accounts Receivables should comprise the largest percentage of the combined assets.