Seacoast Business Funding Funds $1,000,000 in Financing for a Commercial Bakery
Boynton Beach, FL – October 2, 2018 – Seacoast Business Funding announced the funding of a $1,000,000 asset-based lending financing for a 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 and future growth.
President of Seacoast Business Funding, Jay Atkins stated, “We are pleased to be providing financing for a commercial bakery to establish a line of credit for the Company that stabilizes cash flow to meet customer demands and supports the organizational changes to return the company to profitability.”
About Seacoast Business Funding
Seacoast 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.