Factoring Facility

Seacoast Accounts Receivable Factoring Facility Supports Growth For Staffing Firm Press Release Generic Graphic

Seacoast Accounts Receivable Factoring Facility Supports Growth

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Accounts Receivable Factoring Supports Growth Boynton Beach, FL – October 2, 2018 – Seacoast Business Funding announced the funding of a $500,000 accounts receivable factoring facility for a southeastern based staffing agency.  The Company recently received a contract from a large corporate client.  The Company is expected to double its size in the next 18 months …

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Invoice Factoring Resolves Product Backlogs for Components Distributor

Invoice Factoring Resolves Product Backlogs for Components Distributor

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Boynton Beach, FL – October 2, 2018 – Seacoast Business Funding announced the closing of a $2,000,000 factoring facility for a global supplier and distributor of electronic components.  The Company’s reliance on self-funding was unsustainable and causing operational constraints.  The Company will be utilizing the proceeds of the factoring facility to resolve product backlogs and to …

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Seacoast Provides Rebar Company With Working Capital Line to Meet Market Demand

Rebar Company Meets Market Demand With Working Capital Line

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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 …

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*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.

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