At Seacoast, decisions are made in-house by decision-makers, giving us the flexibility to fund most deals in as little as two weeks. We work with your clients to secure the right custom funding solution for their unique business needs, no, one-size-fits-all funding.
Backed by a national bank, we can take on a range of deal sizes and make it easy for your clients to utilize Invoice Factoring and Asset Based Lending with less restrictive covenants as their business grows.
With over 30 years of experience, we have seen it all and know how to structure a deal that is best suited to your client. Our dedicated and experienced team always goes the extra mile for our clients, no matter how big or small. We have worked with clients across multiple industries to deliver reliable working capital to grow and maintain their business operations.
$22 million Factoring Facility for oil field and drilling.
$20 million Factoring Facility to a light industrial, warehousing and food preparation staffing firm.
$12 million Factoring Facility for a staffing firm.
$6 million Asset Based Facility for a IT consulting and staffing firm.
$3.5 million Factoring Facility to a manufacturer of pool heating and water treatment systems.
$1.5 million Factoring Facility for a retail, IT, and medical staffing firm.
$750,000 Factoring Facility for an IT services provider.
$500,000 Factoring Facility for a janitorial staffing firm.
*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.