Seacoast Business Funding Increases Working Capital Line For Information Technology Consulting Firm
Boynton Beach, FL – November 15, 2018 – Seacoast Business Funding, announced a $2,500,000 factoring facility for a global IT consultancy firm. The company is a premier provider of Microsoft Azure cloud and offers emerging technologies such as blockchain, artificial intelligence, machine learning, and the Internet of Things (IoT). The Company needed to replace its current credit facility to secure working capital to fuel continued growth. Seacoast Business Funding was successful in navigating the previous facility structure; and provided additional liquidity for current operations and repayment of the existing line of credit.
President of Seacoast Business Funding, Jay Atkins, commented, “We evaluated the client’s business and growth opportunities in an efficient fashion allowing the company to replace their existing lender with a more flexible facility. With the increased working capital line in place the Company is positioned to successfully take advantage of its unique partnership with Microsoft and other quality clients.”
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. For more information visit SeacoastBusinessFunding.com.
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