Seacoast Provides Rebar Company With Working Capital Line to Meet Market Demand
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 Company to meet their strategic objectives. Our aggressive facility will alleviate the working capital strain and support the Company’s continued market expansion.”
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.