resolves product backlogs

Invoice Factoring Resolves Product Backlogs for Components Distributor

Press Releases / By Seacoast Business Funding

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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