Seacoast Business Funding Closes $650,000 Factoring Facility For Masonry Distributor
Boynton Beach, FL – March 15, 2018 – Seacoast Business Funding closed a $650,000 factoring facility for a local importer that distributes hardware and fasteners for masonry applications on a national basis. The company, which is located in the southeast, will be utilizing the proceeds of the facility to increase cash flow to pay suppliers for incoming products.
Seacoast Business Funding was able to fund and underwrite the client in 3 weeks. Providing the company with a reliable cash flow to maintain the inflow of product without resulting in downtime,” commented Jay Atkins, president of Seacoast Business Funding. The client was referred to Seacoast Business Funding by Seacoast National Bank.
About Seacoast Business Funding
Seacoast Business Funding provides customized and timely working capital financing solutions to small and middle-market companies engaged mainly in business services, distribution, manufacturing and staffing with annual sales ranging from $1 million to $200 Million. Credit facilities are in the form of Factoring, Invoice Purchasing or Asset-Based agreements. Seacoast Business Funding is a Division of Seacoast National Bank. Member FDIC.
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